06/06/06 Updates and Links
...Best Is Yet To Come, Says Superbull...Adding this to my rant a few days ago on commodities. Jim Rogers, one of the most famous investors in the world, weighed in again in an interview with the Guardian UK newspaper regarding commodities. Rogers says there is no bubble and the bull market in commodities likely has years to run. The whole article is here.
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...The Greater Depression - an Update...That's the title of another article that caught my eye today. This one is by Doug Casey, a longtime guru who pretty much believes we are in for a depression. The only question in his mind is whether it will be a deflationary depression, as in the U.S. in the 1930's; an inflationary depression as in Germany in the 1920's; or a combination of the two, in which the bond and real estate markets collapse, but the cost of things we need to live our daily lives, such as fuel and food go up. A thought provoking quote from the article: "The problem with debt is that it artificially increases our standard of living. But when we pay it off, especially with interest, it reduces our standard of living in a very real way."
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