Save, Invest, Speculate, Trade or Gamble?
By Doug Casey, The Casey Report

For some time I've been saying that the economy is in the “eye of the storm” and that when it emerged, the weather would be far rougher than in 2008. The trillions of currency units created since the Greater Depression began in 2007 have papered over the situation, but only temporarily.

In some ways, the immediate and direct effects of this money creation appear beneficial. For instance, by averting a sharp and complete collapse of financial markets and the banking system – or by allowing a return to some approximation of normalcy in the daily lives of most people.

However, a competent economist (as distinguished from a political apologist, many of whom masquerade as economists) will correctly assess the current prosperity as an illusion. They’ll recognize it as a natural cyclical upturn – a “dead cat bounce.” The Greater Depression hasn’t been chased away by Quantitative Easing – it’s developing and about to get much more severe.

What we’re really interested in, however, are not the immediate and direct effects of “Quantitative Easing” (I love the way they fabricate these euphemisms…) but the indirect and delayed effects. In particular, how do we profit from them? What is likely to happen next in the economy? Which markets are likely to go up, and which are likely to go down?

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