For those that simply want to protect capital, it's getting tougher and tougher.
Any thoughts or recommendations?
Dollar is looking good right now vs. the British Pound - 1.815. Why? Fed keeps raising while the Bank of England stays put - and their notes said they didn't raise because the stock market dropped. Amazing. Inflation? Who cares? Making sure stocks don't drop - priority #1 for England's central bank. Making sure the Housing Ponzi Scheme doesn't end in England is priority #2 here too. Policy aimed at satisfying the voters versus keeping inflation tame will result in a financial disaster here.
June 23, 2006
Posted by blogger at 6/23/2006