How about another 2.2trillion?

Posted by Gatersaw | 4/06/2009 06:59:00 AM | 0 comments »

The G20 agreed to print 2.2trillion to assist the global markets into a growth phase. About 1/6th of that amount will go to countries that currently don’t produce tradable goods because their dictators would rather their countries live in squalor. Obama says these countries are potential trading partners with developed nations but I would rather hear he is directly infusing businesses there and providing a framework for a new government system. So again we’ll give them fish instead of teaching them to fish and we’ll do it again after we print another 2trillion for banks to bandage their ignorant wounds.

In the lower left of the attached image we see the dollar has fallen off a weekly trendline and looks primed to fall for about a year. The first 6 months should be a doozy and I predict we’ll be hearing the term “hyper inflation” tossed around quite a bit. If you’re still wondering where to put your money during the impending inflation; I like commodities until oil hits $100-125/bbl, then I like Brazilian equities. I would sit out after oil spikes to $100+/bbl until it drops down to $90-100/bbl and then get into Brazil’s equities market. We’ll be looking more at specific ETFs or stocks when the time comes but for now we have our country picked and a game plan.

0 comments

FEEDJIT Live Traffic Feed

Archives

Contact Us

Add to Technorati Favorites