What Now?

June 10, 11:29 AMPhoenix Economic ExaminerGregory Carmichael

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The last few weeks have been one drastic economic change after another. We have GM and Chrysler in total chaos, but the banks are starting to pay off there TARP loans. The stock market seems to be rising even with all the uncertainty surrounding the entire financial system. Here is what I see. The US dollar has been on a steady decline from 20 April to 2 June. During that time commodity prices (oil and gold in particular) have risen dramatically. Taking advantage of this rise is difficult for most investors. The average investor just uses their 401 K or IRA account to run a long term buy and hold or dollar cost averaging strategy. The result is that billions of dollars of average investor funds are being drained off by professionals that know how to use the system to take advantage of the fact that most investors are naïve to the tools necessary to take advantage of big economic changes.