Replies to post #18288 on Mostly: Classical

[KastelCo]

global money and fiscal reflation will remain necessary for years to come even after the current global financial crisis.

I keep hearing that the US GDP is 70% weighted to the US consumer.. That should take lots of time to correct. although I continue to cringe upon hearing daily on the business channels.. that we need to get consumers borrowing again.. Gold looks to me to be a 'everything else is $hit' play, not inflation yet.

MM's line sounds pretty reasonable to me. The question being (OK I'll go out on a limb here LOL) when the US economy starts to recover will the guys in charge be smart/tough enough to to reign in inflation early enough...

What do you think of Mr. Chen's call on platinum, I don't get it's benefit in a depression.

B

EDIT: If everything keeps going down the crapper his gold numbers will come much sooner than later... He must be an optimist LOL