Thursday, 4 November 2010
FTSE6000 in 2010
The Hedge funds and their computer algorithms who generate 60% of the US market trades and 30% of the FTSE ones know this, the institutional investors know this too. We could see and extended Santa Rally.
In the long-term this debt is going to get monetised and the US dollar is going to get de-rated from being the World's currency within a few years, if not next year at this rate. In the meantime the mercantilist Countries like China are going to take a hot bath of rapid inflation . 2011 will be a crazier year than 2010 that is for sure.