- Joined
- Sep 25, 2007
- Messages
- 201
Hi all,
An article from the October 25th edition of the Globe and Mail (Report on Business). Excerpts:
You buy Canada, says Mr. Narayanan, who can`t believe the way the loonie has been savaged. "The currency is ridiculously undervalued. I can`t think of any country in the world that has no fiscal deficit, no trade deficit and no inflation – except Canada. I think the Canadian dollar should go through parity.
"I like the whole Canadian market. I don`t particularly dig the banks because I just don`t know what`s in there [on the balance sheet]. But I`d say virtually everything else is fine."
There are, however, some things The Smartest Man wouldn`t touch. They happen to be the assets the investing masses have flocked to in this crisis: U.S. Treasuries and the greenback. "I don`t think it can hold for that much longer." Once the world has to absorb trillions of dollars in new U.S. debt – watch out. In fact, he thinks the odds of the U.S. having its own currency crisis are "at least 30 per cent."
Would you want to bet against him?
http://www.theglobeandmail.com/servlet/sto...SpecialEvents2/
Keith
An article from the October 25th edition of the Globe and Mail (Report on Business). Excerpts:
You buy Canada, says Mr. Narayanan, who can`t believe the way the loonie has been savaged. "The currency is ridiculously undervalued. I can`t think of any country in the world that has no fiscal deficit, no trade deficit and no inflation – except Canada. I think the Canadian dollar should go through parity.
"I like the whole Canadian market. I don`t particularly dig the banks because I just don`t know what`s in there [on the balance sheet]. But I`d say virtually everything else is fine."
There are, however, some things The Smartest Man wouldn`t touch. They happen to be the assets the investing masses have flocked to in this crisis: U.S. Treasuries and the greenback. "I don`t think it can hold for that much longer." Once the world has to absorb trillions of dollars in new U.S. debt – watch out. In fact, he thinks the odds of the U.S. having its own currency crisis are "at least 30 per cent."
Would you want to bet against him?
http://www.theglobeandmail.com/servlet/sto...SpecialEvents2/
Keith