Wednesday, October 07, 2009

Gold & The Watched Pot Theory... Mish Shedlock (Cliff Küle M-AA*) explores several factors & opinions.... concludes: "a major financial crisis is in store following a long period of competitive currency devaluation and massive debt and derivatives expansion by nearly every major country on the planet"... makes an analogy of the US$ to a watched pot that may boil but because everyone is watching it, it is not likely to explode - in the same way, says a financial crisis is brewing & "something is going to blow sky high, but from where I sit, it's as likely to be in the Yen, the Swiss Franc, the British Pound, or something no one is watching at all as opposed to the US $ specifically"...
http://globaleconomicanalysis.blogspot.com/2009/10/gold-and-watched-pot-theory.html

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