Friday, 8 October 2010

V-shape.........from Rico

We're still hearing a lot of prattle and nonsense from the media about whether or not we'll have a v-shaped "recovery" or a double-dip w-shape recovery. While purely idiotic and akin to "the world is flat" or "how many angels can dance on the head of a pin" debates of our forbears, it also misses the point...perhaps intentionally because it is an inconvenient truth...that we're still on a downward skid and there can't be a recovery if we're still sinking!

Here is a v-shape you won't hear discussed much, if at all. Look at the Dollar tanking and Gold rising. Put the charts side by side. There is your "V"'s just not one of recovery.

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