Dude, where's the Dharma?: Finding the Right Safe Haven For This …
In “The Fed Vs. Gold” I charted the US$/Gold price for each of the post 70s crisis Fed Chairmen, and prior to Mr. Bernanke’s tenure (and the end of Greenspan’s), even though the US$ was not convertible to gold at a fixed rate, … Had bond prices fallen sharply today I would have qualified today as the terminal stage of the credit expansion, but prices rose. Prior to the 1987 crash, a substantial equity market decline would have, as today, led to thoughts of more …
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