I’m undecided. theplayers had a plan that interest me: a mixture of Treasury bills, CDs, swiss francs, and euros. Please correct me if I’m wrong, theplayers.
I am 95% cash, with 5% in stocks (Berkshire Hathaway, oil and natural gas, and trading bond futures through Chris Johnston). This 5% is meant to increase on the “dismal” 5.5% return from cash. The cash portion is currently in CDs and money markets, but I want to move to Treasury bills (short term only) and some alternative currencies. Roubini seems to think the floating currencies will appreciate vs. the dollar. I am stuck in indecision right now.
I am fairly conservative, so I will not short the homebuilders or lenders.
The economist who so brilliantly predict the future of the economy, don’t go all the way by suggesting where to invest our money. So what good is predicting a recession if you can’t tell people where to invest during a recession?
I am also interested in what Rich is recommending, or perhaps he is not able to post this here. I respect his opinion very much, but have not directly asked him for advice yet. I plan to do so, after he starts his financial business.
