G-20 Shapes New World Order With Lesser Role for U.S., Markets

G-20 Shapes New World Order With Lesser Role for U.S., Markets

www.bloomberg.com

Commodities and real estate will continue to hit the tank over the next two years - don't get suckered.

(visit the link for the full news article)


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Good for them, it certainly makes sense. A few points:

1) We will be returning to the gold standard for currencies so anybody who thinks they are going to make a tonne of dough on gold over the next while will be sadly disappointed.

2) This is nothing but a suckers rally on the market and Harry Dent should be followed. These things can go on longer than what you think by way of months before reality sets in.

3) The Saudi’s have announced today that they are happy with $50 oil – so forget about triple digits prices in the near term.

4) Anybody who thinks government spending and "bailouts' will delay the invitable and vital FINAL correction is dreaming. This is a good thing - cash is king and will remain so for at least 24 months.

My 2 bits. J

www.bloomberg.com
(visit the link for the full news article)

[edit on 3-4-2009 by leo123]