What's happening is they're going from dancing to rave music, with 1000 beats per minute, to waltzing in China.
Right now, we have negative real rates of return on Treasury bills and massive deficit spending. Historically, a currency can't be strong with those two factors.
Money will flow to where there are solid returns on capital. There are great opportunities in Eastern Europe and other emerging markets. We're seeing economic growth twice that of the U.S. but stocks are trading at a discount.
That's the real bear case -- rates rise in the United States, exasperating home and car sales. For the government to bail the economy out, there would be more massive deficit spending.
It's cheaper to go out and a buy another company.
I made up a new original, ... I am an artist.
Once reconstruction really gets under way in New Orleans and the Gulf Coast, we're expecting to see a surge in appliance manufacturers by mid-October, ... That could give some of the durable goods names a better profile.
A China crash would be huge.
Based on historic ratios between gold and oil, gold should now be over $500 an ounce.
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