See this
article in
The Washington Post which reports an interview with Ed Yardini, who has long been one of the investment gurus of Wall Street. Ed is looking forward for investment-influencing "black swans," events that are rare but important. One of my favorite quotes:
There's a growing recognition that the dollar is the best of a dodgy breed of currencies. There's a greater risk that the yen, the pound or the euro would take a dive before the U.S. dollar does.
Ed Yardini elaborates:
A euro currency crisis looks to be a plausible black swan -- much more so than the collapse of the dollar.
Apropos of what we posted yesterday:
China, over a very short period -- one year -- has inflated a big real estate bubble, just as we did not too long ago.
Forecasters like Yardini aren't always right but they are almost always interesting, go see the entire article.
