Wednesday, July 15, 2009

Harry Dent call, US Dollar, US real estate, illiquidity

Last evening I had the opportunity to attend a conference call with Harry Dent. I left the call absolutely certain that the single most effective way to tie oneself to the US dollar is by owning US real estate debt free. Illiquid, impossible to trade in other currencies, devaluing rapidly over the next several years - both the dollar and the real estate, so by combining them you have the opportunity to leverage your stupidity!