Ferrari Mailing List: Re: Gold & Euro/Dollar - Seek Euro input

[Rick (Forza355]

A financial advisor friend of mine sent me this article the other day. It 
may be of help.


Rick


Mother of all carry trades faces an inevitable bust
By Nouriel Roubini

Published: November 1 2009 18:44 | Last updated: November 1 2009 18:44

Since March there has been a massive rally in all sorts of risky assets - 
equities, oil, energy and commodity prices - a narrowing of high-yield and 
high-grade credit spreads, and an even bigger rally in emerging market asset 
classes (their stocks, bonds and currencies). At the same time, the dollar 
has weakened sharply, while government bond yields have gently increased but 
stayed low and stable.

This recovery in risky assets is in part driven by better economic 
fundamentals. We avoided a near depression and financial sector meltdown 
with a massive monetary, fiscal stimulus and bank bail-outs. Whether the 
recovery is V-shaped, as consensus believes, or U-shaped and anaemic as I 
have argued, asset prices should be moving gradually higher.

Copyright The Financial Times Limited 2009. You may share using our article 
tools. Please don't cut articles from FT.com and redistribute by email or 
post to the web.

This article can be found at:

http://www.ft.com/cms/s/0/9a5b3216-c70b-11de-bb6f-00144feab49a,_i_email=y.html



----- Original Message ----- 
From: "Paul Bennett" <pbennett [at] macnet.com>
To: "Rick" <Forza355 [at] verizon.net>
Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
Sent: Thursday, November 12, 2009 7:33 AM
Subject: [Ferrari] Gold & Euro/Dollar - Seek Euro input


> Well, on this side, Gold has gone steadily up,
> as the dollar goes steadily down.   $1.50=1E.
>
> I'm wondering if there's a safe haven to redirectt some savings
> into something Euro-based  besides using gold as a hedge.
> Obviously on the east side of the pond there are concerns
> but answers will be quite different.
>
> I expect talk will be also be different that ours about maintaining
> personal wealth. Is gold recommended or what important
> information don't we hear which might be of use against
> the inflamation which obama is using to wreck our economy.
>
> ??
>
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