Senile Prognosticators: Richard Russell, Don hays & Lazlo Birinyi

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-------- Original Message --------

Subject:	America's Senile Prognosticators – Re: Richard Russell: The Dollar Has Lost All Stability
Date:	Wed, 26 Jan 2011 17:43:18 -0800
From:	Jas Jain

America's Senile Prognosticators – Re: Richard Russell: The Dollar Has Lost All Stability   

Posted by Lando:

The Scary Chart: Richard Russell: The Dollar Has Lost All Stability   

http://www.businessinsider.com/richard-russell-get-out-of-dollar-assets-2011-1

 

Richard Russell and Don hays have been senile for a while and now Lazlo Birinyi has joined the ranks. These people think that the markets of 1970s, 1980s and 1990s have relevance for forecasting the 2000s and 2010s.

History of Germany and France from 1750-1913 has lot more relevance in forecasting where America is heading! American past may be a good guide for where China is heading but not for where America is heading. Someone needs to tell that to Warren Buffett, a poor prognosticator of the path of the US economy for the next 50 years.

Jas

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