Mr. Practical

As posted on the Emmy-winning Minyanville, some very good and practical advice for navigating the markets.

The gist:

• Stock market have moved more in the past 50 days than they have moved in the past 50 years.
• Stock price fluctuations are becoming more and more influenced by currency swings.
• As more private debt is made public via government bailout, currency swings will only become more volatile.
• Initially, as debt is destroyed, the currency (US dollar) moves higher.
• Ultimately, as public debts grow beyond serviceable taxation, a currency debasement becomes the end-game.
• This hyperinflation may cause stock prices to move higher, with all other assets, but it won't matter. There will be no wealth creation in hyperinflation.