Friday, May 20, 2005


The Prudent Investor - seeing too many bubbles: For a stable currency turn (not too far) east
Bud did you ever read about the currency of a major nation that excels in high GDP growth while managing to lower inflation at the same time? A country that is building up its foreign exchange reserves relatively faster than China and improving its trade account, all built on private enterprise with only 12 percent of GDP coming from government spending.