I was posting Schiff weekly here for a couple of years but he is making the exact same predictions he made in 2009, making it sound imminent.
He has no way of knowing exactly how inflation will be played out especially the timing.
The European debt crisis kept some of his predictions from happening so far.
posted on 12/06/2012 8:33:32 PM PST
(Has Bohner caved yet? And called it historic again?)
I understand his frustration. Even NBER called the Fed's efforts to prop up the economy "extraordinary."
What's happening is a mutual game of "let's pretend." Both sides of the Atlantic are playing it. They give each other credit lines and pretend it's real money.
The house of cards will come tumbling down; a long wave contraction like this requires it.
It's the "when" that has everyone guessing (except the clowns in DC, who think they can print to "infinity").
posted on 12/06/2012 9:01:38 PM PST
(Riding the Long-Wave Economic Contraction, Baby!)
Peter has trouble understanding inflation in certain ways.
He is on the hyperinflation, gold 5K bus. But, we already have high amounts of inflation! The Dow is inflated, housing, and we exported 'inflation' to China.
posted on 12/06/2012 9:07:17 PM PST
(Romney is a Pyrrhic victory.)
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