Posted by: Bhasmasur December 22, 2008
US Economy: A Downward Spiral?
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Samsara,

Thank you for originating this thread and keeping it alive. Certainly worth reading.

Without an economics (or a financial) academic (or professional) background it is quite confusing for people like us on which analysis/theory to believe on. The article that you last posted was almost leading me to believe that the dollar would get stronger until they started talking about selling their subscription service for currency alert. Towards the end it just looked like a conversation type promotional ads that we see on TV. However, the facts and numbers given in the article is real and the logic they have put forth on why dollar would rise is quite convincing. But at the same time if I read other articles out there in financial pages and blogs then I equally get convinced that the dollar would weaken and that commodities like Gold will rise.

It will be nice to read yours and other Sajha folk’s analysis on what would be the best thing to do so that we don’t loose value of our hard earned remaining money (I am sure most of us already have lost quite a bit in this turmoil)  

a) Hold the cash (dollars)

b) Convert your dollars into other currencies (if dollar is going to weaken)

c) Invest in Gold

 Thanks again for keeping this thread alive. Hope others would contribute too.

 

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