You want to be in gold, silver, platinum, and also oil. If you believe in a recovery of asset prices as a result of money printing, you should be in hard assets, particularly precious metals...I think the big trade in 2009 will be to go short Treasurys massively -- I really mean massively -- because we may have inflation for one, two, three years ....Faber is being an optimist here. It's not the length of the inflation, it could be even longer than three years, but the severity. We are looking at double digit rates very quickly.
Things could start to turn very quickly out of the gate in 2009. Any economist, expecting the downturn to last into 2010, doesn't understand business cycle theory.
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