Bush and his alleged big government “conservatives” are spending money as if it was toilet paper. The government, in order to compensate is raising rates every time the fed meets. Part of the housing bubble is simply due to inflation created by government spending. I think that we may be looking at stagflation in the near future where there is inflation and a stagnate/recession in our economy due to a crazy government and rising interest rates.
We moved all of our brokerage accounts to Euro Pacific Capital last year.So far so good.Peter has a good track record and I believe his strategy is a sound one.All of our Canadian energy trusts are paying excellent didvidends,and we are diversified in other industries in Hong Kong,Australia,New Zealand, and Norway.
I think that we may be looking at stagflation in the near future where there is inflation and a stagnate/recession in our economy due to a crazy government and rising interest rates.
It’s interesting to hear somebody else come to this conclusion. This is where I think we are headed as well but on a much more terrible level than in the 70’s.
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