Precther said in Feb 2010,
the toxic assets which were built up in USA since 2000 to 2006 approximate USD40 to 50 trillion, will eventually evaporate into bad debt. No amount of bailout is sufficient to withstand that.
what was done since Sept 2008 is merely slowing down the crash or implosion of the toxic assets. his view was to be highly in cash while waiting for opportunity to invest in next 2 yrs. Preserve capital (next one to two years), then invest.
MyView
I believe investment or business is probability game. One has to knowledgeable and also using the correct tool to come up with a probability scenerio, i.e. the upside and the downside.
Reading the right materials and listening to the right advise wins have of the game, the challenge is to put those into action.
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