The govt hasn’t fooled me, but they may have fooled themselves into thinking this will be an easy re-inflation.
I find myself falling further and further into the near-term deflation camp, though I admit in the long-term when deflation turns to inflation, it may swing quickly as the Fed loses control.
For now and several years, I’m not concerned about my dollars. I have more faith in Mish than anyone. His market calls this year have been quite incredible. I can’t say the same for you, stockstrader, although I do appreciate your posts. When he calls the end of deflation, I’ll pay attention.
I have roughly 20% in gold ETF, 20% in a fund (see below) and the rest dollars. As far as Euros vs. Dollars – they are both going to be printed heavily so I’m not convinced the dollar won’t be fine with respect to other world currencies. That is to say – if the American gov has fooled me, the European union has fooled you.
I own some Quadriga Superfund right now. Have had it for years and it does very well, behaving like a true hedge fund – quite uncorrelated to the market. I may buy more of that.
