Fed underrates inflation - expert 4:36-Cnn

Fed underrates inflation - expert 4:36-Cnn

money.cnn.com

Inflation underrated. Suprise, suprise...

(visit the link for the full news article)

Scary times indeed.

money.cnn.com
(visit the link for the full news article)

Good post.

All the signs are that our dollar is tanking severely. Cost of gold, oil, food, exchange rate against other currencies (Euro). Not looking good at all.

biz.yahoo.com...

and

www.bloomberg.com...

[edit on 6-3-2008 by 2 cents]

[edit on 6-3-2008 by 2 cents]

finally a "economist" who has not been politicized or intimidated by other investors to "paint a rosy picture". Not that what he says is good news though


the interesting tidbit is that he says inflation will be getting higher , especially in food and energy, stocks will fall, bond prices will fall as a weaker dollar put upward pressure on long term rates, BUT to hold cash (cause you gotta be liquid) and a small % metals to hedge inflation.


i see stagflation and then depending on the lengths our gov't takes to "bail banks and lenders and consumers" out possibly a depression and possibly a deflationary one at that. Look for the fall in commercial real estate to start a cascade of rising unemployment and then slowing consumer spending, and this could by self re-inforcing.

get the "gov't work camps" ready