Take a look at Mr. Toscano’s article titled,”What’s in store for 2008″. Located in the upper right-hand frame of this web sites home page. I have to agree with him. Monetary policy in the US has been to lower rates in times of economic slow down. Inflation takes a big back seat to economic growth. Greenspan brought the rate down to about 1% during the 2002 recession. The recession of 2002 is going to look like a picnic at the lake compared to what’s coming this year! You dont think the Fed’s going to lower rates again and again this year as the bad news keeps coming in? Hard assets that are in global demand will probably be the only things that rise in price.