This bit of G&D from our very own Ron Paul, quoted in the Financial Times:
At some stage – Mr Paul estimates it will be between one and four years – the dollar will implode. “The dollar as a reserve standard is done,” he says. He sees little hope for other currencies where central banks have also created too much liquidity dating right back to the early 1970s.
Read the whole thing here.
Forget the second-half recovery if you believe our guy Ron.