November 30, 2011
DONALD SENSING: The “perfect storm” of bullishness – or not. “It’s true that the latest jobs report looks good. Even so, I think the surge will retreat – the move announced today has already weakened the dollar, resulting in higher prices of futures for oil, gold and silver, which are always priced internationally in dollars. . . . The fact is that none of the underlying, weak fundamentals about the Eurozone’s or America’s economy have changed.” If printing money can make us rich, we’ll be rich. Otherwise, not so much.