Tag Archives: currency devaluation

The economic outlook for most major economies has deteriorated rapidly meaning we'll almost certainly see more shocks in the financial markets. Given the nature of the current economic crisis — one defined by unsustainable debt — history suggests those shocks [could] come in the form of sovereign debt defaults and currency devaluations. This possibility has increased the specter of risk for every region of the world and dampened investment returns for the entire global economy. [What should we do?] Words: 631

It's easy to lose perspective on where the global economy stands - to be confused by the daily deluge of information - so let's look at the big-picture of where we are today. As an investor it can mean the difference between making and losing a lot of money. So let's take a look and see [where we are at and what events are unfolding - slowly but surely]. Words: 1186

The U.S. caused the 1930s deflationary depression and is again the cause of the current contraction. Although similarities exist between the two, the differences between them insure a far more consequential outcome today than in the 1930s. [Indeed, the world] now finds itself on the edge of a growing deflationary sinkhole created by the sequential collapse of two large U.S. bubbles, the dot.com and U.S. real estate bubbles. Words: 1549

My first reaction when I read an article* on this site by Arnold Bock - articulating why gold would go to $10,000 – by 2012 no less - was amazement. Who in their right mind would suggest that gold would eventually reach $2,500, let alone $5,000 or even $10,000? Words: 2097

While belt-tightening is indeed required cutting too fast would tip the West back into slump and kill tax revenues, solving nothing – a risk that austerity priests rarely acknowledge. Pacing is everything. Words: 620