Home › Forums › Financial Markets/Economics › Inflation – Has it arrived?
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davelj.
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February 22, 2011 at 8:06 PM #670974February 22, 2011 at 9:59 PM #669877
CA renter
Participant[quote=sdrealtor]Said the Deflationista while looking at rising prices….[/quote]
LOL. 🙂
Actually, I have ALWAYS acknowledged the threat of a currency crisis as a result of all the debt *and fear of deflation,* which is what we’re experiencing. Deflation IS the primary and most powerful force all around the globe right now, and inflation is the central banks’ answer to that threat. The problem is that the money is getting into the hands of the financial industry/gamblers/speculators, rather than the workers, and this is why all the riots and protests are happening. I don’t see an end to this anytime soon.
I started buying GLD the day after it came out, and had a large position in Swiss bonds, which I had purchased in 2007. Also had a fairly large position in a variety of currencies via the Evermarket FC CDs. Too bad I sold the bonds and currencies last year (for a profit, but not as much as I’d be getting today), as the dollar strengthening during the “crisis” freaked me out a bit. I also had the now-infamous Icelandic Krona when it fell apart, so began to be more fearful of FCs after that.
Personally, I think we’re going to start seeing some high volatility around the corner, as price controls and currency shifts beging to happen around the globe. We are about to enter the second leg of the downturn, IMHO.
February 22, 2011 at 9:59 PM #669939Participant[quote=sdrealtor]Said the Deflationista while looking at rising prices….[/quote]
LOL. 🙂
Actually, I have ALWAYS acknowledged the threat of a currency crisis as a result of all the debt *and fear of deflation,* which is what we’re experiencing. Deflation IS the primary and most powerful force all around the globe right now, and inflation is the central banks’ answer to that threat. The problem is that the money is getting into the hands of the financial industry/gamblers/speculators, rather than the workers, and this is why all the riots and protests are happening. I don’t see an end to this anytime soon.
I started buying GLD the day after it came out, and had a large position in Swiss bonds, which I had purchased in 2007. Also had a fairly large position in a variety of currencies via the Evermarket FC CDs. Too bad I sold the bonds and currencies last year (for a profit, but not as much as I’d be getting today), as the dollar strengthening during the “crisis” freaked me out a bit. I also had the now-infamous Icelandic Krona when it fell apart, so began to be more fearful of FCs after that.
Personally, I think we’re going to start seeing some high volatility around the corner, as price controls and currency shifts beging to happen around the globe. We are about to enter the second leg of the downturn, IMHO.
February 22, 2011 at 9:59 PM #670548Participant[quote=sdrealtor]Said the Deflationista while looking at rising prices….[/quote]
LOL. 🙂
Actually, I have ALWAYS acknowledged the threat of a currency crisis as a result of all the debt *and fear of deflation,* which is what we’re experiencing. Deflation IS the primary and most powerful force all around the globe right now, and inflation is the central banks’ answer to that threat. The problem is that the money is getting into the hands of the financial industry/gamblers/speculators, rather than the workers, and this is why all the riots and protests are happening. I don’t see an end to this anytime soon.
I started buying GLD the day after it came out, and had a large position in Swiss bonds, which I had purchased in 2007. Also had a fairly large position in a variety of currencies via the Evermarket FC CDs. Too bad I sold the bonds and currencies last year (for a profit, but not as much as I’d be getting today), as the dollar strengthening during the “crisis” freaked me out a bit. I also had the now-infamous Icelandic Krona when it fell apart, so began to be more fearful of FCs after that.
Personally, I think we’re going to start seeing some high volatility around the corner, as price controls and currency shifts beging to happen around the globe. We are about to enter the second leg of the downturn, IMHO.
February 22, 2011 at 9:59 PM #670687Participant[quote=sdrealtor]Said the Deflationista while looking at rising prices….[/quote]
LOL. 🙂
Actually, I have ALWAYS acknowledged the threat of a currency crisis as a result of all the debt *and fear of deflation,* which is what we’re experiencing. Deflation IS the primary and most powerful force all around the globe right now, and inflation is the central banks’ answer to that threat. The problem is that the money is getting into the hands of the financial industry/gamblers/speculators, rather than the workers, and this is why all the riots and protests are happening. I don’t see an end to this anytime soon.
I started buying GLD the day after it came out, and had a large position in Swiss bonds, which I had purchased in 2007. Also had a fairly large position in a variety of currencies via the Evermarket FC CDs. Too bad I sold the bonds and currencies last year (for a profit, but not as much as I’d be getting today), as the dollar strengthening during the “crisis” freaked me out a bit. I also had the now-infamous Icelandic Krona when it fell apart, so began to be more fearful of FCs after that.
Personally, I think we’re going to start seeing some high volatility around the corner, as price controls and currency shifts beging to happen around the globe. We are about to enter the second leg of the downturn, IMHO.
February 22, 2011 at 9:59 PM #671029Participant[quote=sdrealtor]Said the Deflationista while looking at rising prices….[/quote]
LOL. 🙂
Actually, I have ALWAYS acknowledged the threat of a currency crisis as a result of all the debt *and fear of deflation,* which is what we’re experiencing. Deflation IS the primary and most powerful force all around the globe right now, and inflation is the central banks’ answer to that threat. The problem is that the money is getting into the hands of the financial industry/gamblers/speculators, rather than the workers, and this is why all the riots and protests are happening. I don’t see an end to this anytime soon.
I started buying GLD the day after it came out, and had a large position in Swiss bonds, which I had purchased in 2007. Also had a fairly large position in a variety of currencies via the Evermarket FC CDs. Too bad I sold the bonds and currencies last year (for a profit, but not as much as I’d be getting today), as the dollar strengthening during the “crisis” freaked me out a bit. I also had the now-infamous Icelandic Krona when it fell apart, so began to be more fearful of FCs after that.
Personally, I think we’re going to start seeing some high volatility around the corner, as price controls and currency shifts beging to happen around the globe. We are about to enter the second leg of the downturn, IMHO.
February 23, 2011 at 11:42 AM #670127raty4R
Participant[quote=Rich Toscano][quote=briansd1]What’s to complain about?
Our economy was misaligned toward too much consumer spending and not enough saving. Higher prices and interest rates will cause to eat less, buy less junk, and save more. Not too bad.[/quote]
No, higher REAL interest rates would cause that. Right now real interest rates are negative — a huge disincentive to save — and the Fed will ensure that they remain negative, to the extent it’s able (which as I’ve often said is until the foreigners pull the plug).[/quote]
The uprising in North Africa and the Middle East are showing what higher prices will bring. The Bernanke is flooding the world with money, exporting inflation in the process and it’s driving all commodities up. Rising food costs are catalyzing all the riots in North Africa and the Middle East. I think it’s also represents the fist steps of ‘foreigners’ pulling ‘the plug.’
February 23, 2011 at 11:42 AM #670189Participant[quote=Rich Toscano][quote=briansd1]What’s to complain about?
Our economy was misaligned toward too much consumer spending and not enough saving. Higher prices and interest rates will cause to eat less, buy less junk, and save more. Not too bad.[/quote]
No, higher REAL interest rates would cause that. Right now real interest rates are negative — a huge disincentive to save — and the Fed will ensure that they remain negative, to the extent it’s able (which as I’ve often said is until the foreigners pull the plug).[/quote]
The uprising in North Africa and the Middle East are showing what higher prices will bring. The Bernanke is flooding the world with money, exporting inflation in the process and it’s driving all commodities up. Rising food costs are catalyzing all the riots in North Africa and the Middle East. I think it’s also represents the fist steps of ‘foreigners’ pulling ‘the plug.’
February 23, 2011 at 11:42 AM #670798Participant[quote=Rich Toscano][quote=briansd1]What’s to complain about?
Our economy was misaligned toward too much consumer spending and not enough saving. Higher prices and interest rates will cause to eat less, buy less junk, and save more. Not too bad.[/quote]
No, higher REAL interest rates would cause that. Right now real interest rates are negative — a huge disincentive to save — and the Fed will ensure that they remain negative, to the extent it’s able (which as I’ve often said is until the foreigners pull the plug).[/quote]
The uprising in North Africa and the Middle East are showing what higher prices will bring. The Bernanke is flooding the world with money, exporting inflation in the process and it’s driving all commodities up. Rising food costs are catalyzing all the riots in North Africa and the Middle East. I think it’s also represents the fist steps of ‘foreigners’ pulling ‘the plug.’
February 23, 2011 at 11:42 AM #670937Participant[quote=Rich Toscano][quote=briansd1]What’s to complain about?
Our economy was misaligned toward too much consumer spending and not enough saving. Higher prices and interest rates will cause to eat less, buy less junk, and save more. Not too bad.[/quote]
No, higher REAL interest rates would cause that. Right now real interest rates are negative — a huge disincentive to save — and the Fed will ensure that they remain negative, to the extent it’s able (which as I’ve often said is until the foreigners pull the plug).[/quote]
The uprising in North Africa and the Middle East are showing what higher prices will bring. The Bernanke is flooding the world with money, exporting inflation in the process and it’s driving all commodities up. Rising food costs are catalyzing all the riots in North Africa and the Middle East. I think it’s also represents the fist steps of ‘foreigners’ pulling ‘the plug.’
February 23, 2011 at 11:42 AM #671281Participant[quote=Rich Toscano][quote=briansd1]What’s to complain about?
Our economy was misaligned toward too much consumer spending and not enough saving. Higher prices and interest rates will cause to eat less, buy less junk, and save more. Not too bad.[/quote]
No, higher REAL interest rates would cause that. Right now real interest rates are negative — a huge disincentive to save — and the Fed will ensure that they remain negative, to the extent it’s able (which as I’ve often said is until the foreigners pull the plug).[/quote]
The uprising in North Africa and the Middle East are showing what higher prices will bring. The Bernanke is flooding the world with money, exporting inflation in the process and it’s driving all commodities up. Rising food costs are catalyzing all the riots in North Africa and the Middle East. I think it’s also represents the fist steps of ‘foreigners’ pulling ‘the plug.’
February 23, 2011 at 5:42 PM #670317partypup
ParticipantI warned you fools 2 years ago.
Got gold?
February 23, 2011 at 5:42 PM #670379ParticipantI warned you fools 2 years ago.
Got gold?
February 23, 2011 at 5:42 PM #670988ParticipantI warned you fools 2 years ago.
Got gold?
February 23, 2011 at 5:42 PM #671128ParticipantI warned you fools 2 years ago.
Got gold?
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