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Currency War

Nouriel Roubini recently tweeted, "Currency wars coming, but don't bet on gold."


Roubini is an economist affiliated with New York University, Stern Sch. of Business. He has had an on-and-off relationship with the International Monetary Fund, and is probably best known to the general economics-literate public for the book Bailouts or Bail-Ins? (2004).


That Roubini believes "currency wars" are coming means that opinion has gone well beyond the "usual suspects."


But why does he mean you shouldn't bet on gold? In essence, he believes that as all currencies are about to drop in value relative to real assets, you should do your best to turn your currency into real assets. And this doesn't mean shiny metals. It means real estate and equities.
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