Crude oil prices surged to a 12-month high above $80/barrel Wednesday as the U.S. dollar tumbled to a 14-month low, prompting investors to embrace hard assets such as oil and gold. (Oil prices slipped under $80/barrel Thursday as the dollar enjoyed a reprieve from its recent rout.)
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Monday, October 26, 2009
The Dollar Is Dying a Slow Death, Says Niall Ascent of Money Ferguson
"It's clear where we're headed," says Niall Ferguson, author of The Ascent of Money. "Ten years from now there will be more than one international reserve currency," he tells Tech Ticker.
The Days of Buy and Hold Are Over, Says John Mauldin
Mauldin, who writes the Thoughts from the Frontline e-letter, does think there's money to be made in real estate. With prices so depressed in many markets, he says buying property on the cheap and renting it "is a prescription for making money."
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