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RE: Expect The Credit Market To Freeze Again, Leading To An Economic Meltdown. By Gregory Mannarino

in #money7 years ago

Greg, for weeks you have been asking the "dollar" bulls to explain how you were wrong about a collapsing dollar, to make a case for a dollar recovery. You just made the case for a "dollar" recovery. What happens in a credit freeze/deflationary crash? The dollar goes up, US Gov't Bonds catch a huge wind in their sails and rise. The general stock market tanks perhaps as much as 50% of this current move, S&P at 1580 - ouch! - it could be more. Gold, silver, and crypto-currencies all get hammered. Amex Goldbug Index (HUI) below 100, maybe down to 47! These are not the days to be passive index investors or blind stackers.

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