••The next great bubble

[Anonymous]

I suspect that the hunt will be on for a great scapegoat – someone else to blame for the new austerity. I have no answer…but it will be interesting to see the answer.

Oh, that’s an easy one: liberals and Jews.

[SD Realtor]

Damn good post Dr. Chaos.

Don’t forget Norv Turner, Ted Cotrell and Quentin Jammer.

SD Realtor

[Running Bear]

Gold might be the next bubble. I am not a gold bug and I don’t hold any gold positions but I think you are going to see a large run up in gold. Right now people are running from the dollar and the bearish sentiment is huge. Most people are going to the Euro and Pound. However, these currencies could easily fall out of favor. There is a credit and housing bubble in England, Spain, France, Australia, New Zealand, Ireland and many other places. Right now the dollar is getting slammed but the English economy is in just as bad a shape as we are and will probably fall first. This will begin to be repeated all over the world and the currency market is the largest market in the world. I think when more and more economies are exposed to be on the decline you will see more and more money heading to gold. Compared to the currency market the gold market is very small and you could see very fast run ups. I will start buying gold after the next major correction in the market. I am waiting because I want to see how many people will sell gold when the stock market drops to cover other positions. Anyway, that is my guess right now until I see more market reactions.

My2cents

[Anonymous]

Running Bear, I have to agree with you about gold and about the other fiat currencies having problems in the future. I would have originally thought that the Euro would be a boom or bubble, but having been in Europe the last 2 weeks, I see way too much of the same speculation that is now giving us problems.

England pretty much had a major run on one of their banks and is starting to see housing leveling off as well. Major European companies, like Airbus and BMW, are already saying that they are having to lay off workers and retool their business models because of the Dollar’s decline. I stayed in Spain and have never seen anything like the amount of building they are doing…that’s with sales completely stagnant. Builders are already pulling out of developments before they are finished. All of this will put major weakness on their economies.

We now have no reason (in the policy makers’ eyes) for a strong dollar policy. And Bernanke has demonstrated where he stands on this issue. So, wealth is and will continue to flee the US. With the worldwide housing bubble ended, I see gold as a possibility. But, if we avert a major recession (unlikely imo) we could have some sort of energy or transportation boom/bubble.

I’m slowly increasing exposure to gold and am also hoping for a nice correction if/when the stock market tanks again and people are forced to cover.

[zzz]

I’ve been hearing about rapidly growing property values in Shanghai and other parts of China/ Asia. Anyone have thoughts on this bubble?

[scaredyclassic]

http://www.dailyreckoning.com says Treasury Debt (U.S.) is the next massive bubble. these guys called gold the Trade of the decade back at the beginning of 2000. the website and their daily mailing is truly funny reading, and is occasionally spot on.

[scaredyclassic]

http://www.dailyreckoning.com says Treasury Debt (U.S.) is the next massive bubble. these guys called gold the Trade of the decade back at the beginning of 2000. the website and their daily mailing is truly funny reading, and is occasionally spot on.

[scaredyclassic]

http://www.dailyreckoning.com says Treasury Debt (U.S.) is the next massive bubble. these guys called gold the Trade of the decade back at the beginning of 2000. the website and their daily mailing is truly funny reading, and is occasionally spot on.

[scaredyclassic]

http://www.dailyreckoning.com says Treasury Debt (U.S.) is the next massive bubble. these guys called gold the Trade of the decade back at the beginning of 2000. the website and their daily mailing is truly funny reading, and is occasionally spot on.

[scaredyclassic]

http://www.dailyreckoning.com says Treasury Debt (U.S.) is the next massive bubble. these guys called gold the Trade of the decade back at the beginning of 2000. the website and their daily mailing is truly funny reading, and is occasionally spot on.

[Zeitgeist]

The Dems. in 2010. The rats are already abandoning the sinking ship.

[Zeitgeist]

The Dems. in 2010. The rats are already abandoning the sinking ship.

[Zeitgeist]

The Dems. in 2010. The rats are already abandoning the sinking ship.

[Zeitgeist]

The Dems. in 2010. The rats are already abandoning the sinking ship.

[Zeitgeist]

The Dems. in 2010. The rats are already abandoning the sinking ship.

[Author]

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