THE AMAZING THING IS THAT THE FED AND WASHINGTON ARE PRAYING FOR ASSET INFLATION AS THE SINE QUO NON FOR THE SO CALLED "RECOVERY"...
WELL LETS HOPE THEY GET IT...
A REALLY REALLY BAD INFLATION...EVEN A HYPERINFLATION... WOULD THAT MAKE THEM HAPPY...?
WE ARE IN LALA LAND NOW...
THE BIG THING IS TO REINFLATE THE HOUSE BUBBLE...AND THE STOCK BUBBLE...
BUT WHAT IF OIL ALSO STARTS TO REINFLATE IN THE FACE OF THE FED MONEY PRINTING...
THEN WE ARE BACK IN THE SOUP LIKE LAST SUMMER...
ONLY GOLD IS ACTING RATIONALLY...
AND AS TO WHY BANKS WONT LEND...WELL MAYBE THEY KNOW THAT THE DOLLAR WILL BE WORTH SHIT IN A COUPLE OF YEARS...
AND CREDITORS HATE TO BE PAID BACK IN CHEAPER MONEY THAN THEY LOANED OUT IN THE FIRST PLACE...
THIS FRANKLY DEFIES ALL RATIONAL ECONOMIC DESCRIPTION...
BEST TO JUST WATCH IT FROM AFAR...STAY WITH GOLD, CASH, OIL AND THE EURO...
AT LEAST THE ECB IS NOT CHEERLEADING FOR EUROLAND HYPER-INFLATION...!!
