How to Make Money In a "Bubblequake"

Do not let the housing bubble monopolize your agita. There are four other bubbles also deserving of attention, according to America's Bubble Economy: a stock-market bubble, a foreigner-supported-dollar bubble, a consumer-debt bubble and a US-debt bubble. When the five collide in a "bubbleq...

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Bibliographic Details
Published in:Barron's 2006-11, Vol.86 (46), p.15
Main Author: Witty, Susan
Format: Article
Language:English
Subjects:
American dollar
Asset management
Economic forecasts
Gold markets
Online Access:Get full text
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Summary:Do not let the housing bubble monopolize your agita. There are four other bubbles also deserving of attention, according to America's Bubble Economy: a stock-market bubble, a foreigner-supported-dollar bubble, a consumer-debt bubble and a US-debt bubble. When the five collide in a "bubblequake," the air will rush out of the pumped-up US economy, deflating the average American's assets and standard of living. But not to panic. Keep 10%-15% of your assets in gold, which is rising to a peak price of $2,500 to $3,000 an ounce.
ISSN:1077-8039