How can you believe that there is safety in the US dollar or US dollar certificates?

Obama’s Spending Spree, Budget Numbers "Have All Gone Mad," Analyst Says
Posted Aug 27, 2009 09:00am EDT by Heesun Wee

When retail expert and all-around economy watcher Howard Davidowitz appeared on Tech Ticker in February declaring the worst was yet to come for the U.S. economy and that Americans’ standard of living has changed permanently, our comment boards lit up.

But surely with the latest rally off the March lows, bearish Davidowitz is more bullish, right? Not a chance. Look at your financial history books.

Two of the biggest rallies of more than 40 percent occurred during the Great Depression, says Davidowitz of Davidowitz & Associates,a retail consulting and investment banking firm. "People were sucked in and ultimately were destroyed," he says. It’s a warning to today’s investors, who are hoping to extend the rally.

Don’t get Davidowitz started on the economy or fundamentals. "Barack Obama’s numbers have all gone mad," Davidowitz says. The Obama administration recently announced the U.S. budget deficit will be $9 trillion during the next decade; $2 trillion higher than the original forecast.

And, the proposed price tag for health-care reform? "Minimum $3 trillion," Davidowitz says. "One trillion? Are you kidding?"

More…

http://finance.yahoo.com/tech-ticker/artic...kers=^dji,^gspc,