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'Hedge-fund managers ponder Armageddon' & 'US 'Heading for a Crisis' But Keep Buying Stocks: Co

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posted on May, 12 2011 @ 08:17 PM
Some interesting articles for your consideration.

Hedge-fund managers ponder Armageddon

A collapse of the banking system, the demise of the U.S. dollar as the reserve currency, another oil shock, a new round of junk-bond defaults and a meltdown in Japan’s bond market were among the doomsday scenarios explored by hedge-fund managers at a conference in Las Vegas Thursday.

And this interesting addendum to the article at the end.....

Asian common currency

China may create a common currency in Asia, part of a shift away from the U.S. dollar as the world’s reserve currency, Karthik Sankaran of currency-trading hedge fund firm Covepoint Capital Advisors said at the conference.

“The rest of the world is getting increasingly concerned about the willingness of the U.S. to maintain the dollar as a reserve currency and a store of value,” he remarked.

US 'Heading for a Crisis' But Keep Buying Stocks: Cooperman

Leon Cooperman is one of the smartest hedge fund guys out there, but he faces the same dilemma as all of his colleagues and for that matter everyone else with money to invest.

That is, there’s a definite feeling of danger to come, but no one’s quite sure what’s going to trigger it and when it’s going to happen.

“People are scared. They don’t know what to do,” Cooperman said. “We all know we’re kicking the can down the road. We don’t know when it will hit. (Until then) equities are the best value in a bad neighborhood.”

More here:

Now granted Cooperman doesn't see a crisis on the horizon, hence his recommendation to keep buying stocks. But things can change, sometimes for the better, but often for the worse.

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