Did anyone think that gas at 2.75 would NOT leach into the economy eventually?
Did anyone think that the housing bubble would Not be a cost factor eventually...?
These various asset bubbles have had an amazing run...and until recently none of it sloshed into the consumer economy...thanks primarily to the Great China Deflation...which arrives with every boatload of cheap imported goods!
But HYPER-LIQUIDITY HAS CONSEQUENCES...
That is the lesson the Greenspan Bubbles have taught us... Driving down gold only gets you so far. Eventually "reality" has to be dealt with... After the $44 gold plunge yesterday...it will be interesting to watch the central banks and their shills handle this dismal inflation news.
Likely the dollar will rally and gold will plunge because now Bernanke has to keep raising rates! LoL...
