This is not a value-based argument. But it IS an argument for why nominal gains in stock markets are not inconsistent with rampant or even hyper inflation. We’re not saying that’s what’s going on right now. And of course, in our one-two Big Crash dance card, asset deflation precedes the Melt Up.
March 23rd, 2010 | Dan Denning | 4 comments | ContinuedAll Posts Tagged With: "sovereign bonds"
Price of Gold Communicates U.S. Monetary and Fiscal Policy is Lousy
It’s also possible that the Fed thinks a weak dollar will reduce America’s trade deficit, boost its export competitiveness, and lead to higher employment. We think this is a pipe dream. And we’re not talking about a lead pipe. We’re talking William Blake-style opium.
November 5th, 2009 | Dan Denning | 3 comments | Continued
