The Dark Years are here
by Egon von Greyerz – Matterhorn Asset Management
In this newsletter we will outline what is likely to be the devastating effect of the credit bubbles, government money printing and of the disastrous actions that governments are taking. Starting in the next 6 months and culminating in 2011-12 the world will experience a series of tumultuous events which will be life changing for most people in the world. But 2011-12 will not be the beginning of an upturn in the world economy but instead the start of a long period of economic, political and social upheaval that could last for a couple of decades.
We will discuss the three areas that we for some time have argued will determine the fate of the world for the foreseeable future, namely the coming unemployment explosion, the next and much more serious phase in the credit markets and finally the likely hyperinflationary or just inflationary effect this will have on the world economy and investments.
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http://matterhornassetmanagement.com/newsletter/?newsletter=20
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A Shocking Fall
by Egon von Greyerz – Matterhorn Asset Management
http://matterhornassetmanagement.com/wp-content/plugins/st_newsletter/stnl_iframe.php?newsletter=21&code=jBqAsEA8BM9FymArcrcC
Paper money eventually returns to its intrinsic value ZERO" - Voltaire 1729
A Shocking Fall
by Egon von Greyerz – Matterhorn Asset Management
This month we will discuss what is likely to be a major change both in sentiment and in the economy in the next few months. The autumn of 2009 will be full of shocking surprises in the banking sector, in financial markets and in the world economy. The events that we outlined in our previous newsletter, “The Dark Years Are Here” are going to start unfolding. There will also be shocking falls in stockmarkets, in the dollar and in bond markets.
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