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mas

03/08/09 12:04 PM

#77189 RE: RobertG #77188

Based on the 1930s there won't be any mega inflation. 20 trillion dollars have been destroyed in the US housing/stock markets and just as much in the EU and another 10 in Asia making an instant 50 trillion black hole in the World Economy. Deflation is the first and last enemy here. Targeted Quantitative Easing which buys real assets and secure IOUs in solvent companies, solvent people and sensible governments will help us all have a soft landing and a secure reset future without hyperinflation. The fear of inflation and Gold bubble is a head fake here.
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tecate

03/08/09 12:56 PM

#77191 RE: RobertG #77188

I'll go on record as saying, we are past the worst.
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Joey Smith

03/08/09 1:57 PM

#77196 RE: RobertG #77188

re:We haven't even gotten to the bad part of the financial crisis.

I picked up a few thousand shares of Citi at $1 on Friday..If there are any talks of accounting changes or eating bad loans, I'll be cashing out at a double or triple..
J