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Old 03-09-10   #2267
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Icon18 Dollar, Yen, Swiss Franc May Beat Go_ld in Any New Recession

http://www.bloomberg.com/news/2010-0...recession.html

“If there was a double-dip recession, increasing risk aversion, some assets are going to be preferred, and will be one of them,” Roubini said today in an interview on Bloomberg Television’s On The Move with Francine Lacqua. “But in that situation, things like the dollar, the yen, the Swiss franc have more upside in a situation of rising risk aversion because they are much more liquid than the market.”

Unable to understand this logic Is it another ploy of US to avoid other countries & individuals not to buy gol_d (man, why has mod banned this word, go_ld?? ). When Fed is in process of printing more & more $$, how will it appreciate further??

“Job creation is going to be very, very mediocre,” he said in an interview in Cernobbio, Italy. “It’s going to feel like a recession even if we’re not in a recession.”

I feel that further Indian growth will be more or less domestic market driven rather than global. Again the exports growth would be limited to Asia-Pacific region, with US & EU stagnated.
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