posted on Mar, 7 2008 @ 07:26 AM
finally a "economist" who has not been politicized or intimidated by other investors to "paint a rosy picture". Not that what he says is
good news though
the interesting tidbit is that he says inflation will be getting higher , especially in food and energy, stocks will fall, bond prices will fall as a
weaker dollar put upward pressure on long term rates, BUT to hold cash (cause you gotta be liquid) and a small % metals to hedge inflation.
i see stagflation and then depending on the lengths our gov't takes to "bail banks and lenders and consumers" out possibly a depression and
possibly a deflationary one at that. Look for the fall in commercial real estate to start a cascade of rising unemployment and then slowing consumer
spending, and this could by self re-inforcing.
get the "gov't work camps" ready