economic armageddon averted, page-11

If they crank up the money printing presses around the world then DOW 20,000 will come in a few years time, and the ASX will be at 10,000. It will be a pity that the currencies will then be worth half their current values or less.

So long as govnuts around the world are in a printing mode its best to play along and grab whatever falls our way. During that period just make sure you do not hold bonds which are not indexed to the real rate of inflation.

And be prepared for twists and turns in govnut policies. I expects there will be bouts of money printing and bouts of no money printing.

loki