Here is the roadmap I am using for the economy:
Bubble--Deflation--Reflation--Stabilization--Stagnation--Inflation--Hyper Inflation.
The government is putting us into so much debt the only way they can solve it will be to print money...it is going to create massive inflation in a few years which will kill the retirement of Senior Citizens on fixed incomes.
We don't have any major growth drivers, we are using the policies that got us into the housing bubble and applying them to fiscal stimulus.
A new world is here. Prepare for long term inflation and long term interest rates in the double digits.
The Government stabilized the economy but only by taking on massive debt and burdening future generations. The dollar is going to be hit big time.
The only way to protect wealth is going to be to hedge against inflation. The stimulus plan was a wasted opportunity.
We are right now in the reflation-stabilization period. The story of the next decade is going to be major inflation. It will be vital to own some gold, real estate, and hard commodities.
what are other hard commodities besides gold and real estate - how long do you think we have before moving will be too late
Posted by: kto | May 28, 2009 at 08:27 PM