This from the ArabianMoney.net blog.
China crisis threatens global financial markets
the authorities have unexpectedly tightened bank lending, leading to fears that the local stock and housing asset bubble will now explode.
However, it is really the longs who should watch out. For a correction in Chinese stocks will drag the entire global financial market down, and the extent of the recent rally will come under critical scrutiny.So selling out of long positions and going into global short positions might also be very wise. Don’t get burnt by the Chinese dragon.
I've mentioned this before. By itself, it is bad enough but then add to this, the extremely volatile nature of the US economy, housing -OH MY! Commercial Real Estate - Hold on to your hats! Jobless at 22-25% Good Grief! More still to come.
This is like waiting for a mouse trap to spring. Oh Yeah, if you're in the dollar, get out. Same for stocks. Treasuries etc. Head as fast as your feet will carry you to the nearest purveyor of gold or silver and load up. The real deal, you don't want no damn piece of paper.
Get the stuff in your hands and in your safe.
I'm just sayin'. Actually, I've been sayin' it for some time now. I hate always being right.
Want to know more? Click here.