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capt_jmj

10/06/09 11:36 AM

#18873 RE: capt_jmj #18866

By the strict definition, if 3Q GDP is not negative, the recession will will have officially ended, but with continued job losses (note that fewer lost jobs per month is still more lost jobs in the aggregate), GDP will remain anemic for the foreseeable future, very likely in the .5 - 1.0% range. Hardly a booming recovery, and the deficit spending on an historically massive scale by BHO and the socialist democrats will suck the wind out of any growth prospects. The impact of all this fiscal irresponsibility is that the dollar is doomed as the defacto world reserve currency; secret talks are already being held as to when and how to make the shift. Seems the Saudis and the Chinese are tired of getting shafted by having the U.S. debt they hold repaid with printed money.

I just googled "gold ETFs", and it seems there are a bunch, even 2X Long and Short, if you have the CO Jones.