Mr. Cheerleader has gone Mad?
This YouTube video explains how much Jim Cramer loves Ben Bernanke for the time being!
Will Bernanke just like Greenspan did in 2001, lower the interest rate and inflate the US-economy even more with access to cheap money? Ultimately i think he will. This will come with the costs of a:
- Devaluation of the dollar against other fiat currencies.
- Creation of an highly inflationist environment (Because of an inflated money supply).
In that kind of environment I would favor "real assets" like gold & silver stocks and the energy sector (which is likely to be one of the candidates for the next "bubble" due to the up coming oil crisis).
// Björn
