Friday, July 11, 2008

What is to be done?







This is a continuation of the note below and it deals with the practical consequences of America's re-adjustment. I think that these illusion-popping phenomena always have a way of overshooting, so the financial crisis will be worse that it actually justified by reality. That moment will be an historical, once-a-generation investment opportunity in America. Waiting till that moment, money should be invested in America's rivals: China, Corea, Japan.

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