Jake Berzon

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    • Buying CurrencyShares Canadian Dollar ETF as Loonie Falls Below Dollar
      My crystal ball tells me that under the right circumstances, i.e. additional lowering of interest rates, Obama winning presidential election, and etc. S&P 500 will finish the year in the positive territory, in which case 2009 will be disastrous.

      In either case, price inflation will migrate from the wholesale level to the retail level on a much bigger scale. This will not translate into wage inflation, and the consumer will get squeezed 'till it really hurts.

      This will cause a bigger than ever anticipated default rate by consumers on credit cards, which will cause a major market decline across the board (30%+ is quite possible). I think various actions by the Congress and the Fed could delay this past year end, but I do not think that anything that they do (perhaps, short of switching from a market economy to a planned economy) can avoid it in 2009.

      But that's just my crystal ball...
      May 19 06:32 am |Rating: 0 0 |Link to Comment |View article
    • Buying CurrencyShares Canadian Dollar ETF as Loonie Falls Below Dollar
      Algoa, it was prudent for me to diversify some of my cash holdings into Loonies, now that the Loonies have corrected to a reasonable value range. Similarly, it is prudent for you to start buying into some US based ETFs. I bet, we will both be more right than wrong in the long term and that's really the name of the game.
      Mar 28 15:16 pm |Rating: 0 0 |Link to Comment |View article

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