Mad Money Machine

by Paul Douglas Boyer

Dollar to Zero? That’s Pretty Low!

Mark Faber talks about the current economy in MarketWatch:

Nowhere was he bleaker than when addressing the beaten-down dollar, another victim of Fed policy which he said has ensured cash returns below the rate of inflation. "In the long term, the dollar is a doomed currency. It will go to zero," he said, which produced some nervous laughter from the audience.

I’m hoping there’s a touch of hyperbole in that statement. Or perhaps long term means really really long. I’m hoping. What to buy?

Chinese yuan. Asian property. Other Asian stuff. Other commodities.

Mon, March 10 2008 » Predictions