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Message: Re: Inflation -Gold Survey for fun and maybe more

Timing is not my forte, but I doubt we will see a severe inflationary number in the US next year. Two reasons, I don't expect a meaningful stabilization in real estate prices by the end of this year ... in fact the alt A and Option Arm mortgages are coming due and more mortgages are underwater than ever before (check this link out)

http://www.economicpopulist.org/?q=c...

and without confidence in home values consumer spending will remain sluggish offsetting the wild orgy of money printing by helicopter Ben.

Second the government will understate the issue using false numbers and restatements etc to hide the truth.

Although gold will have its day I think 1500 is a safer bet ... after all that itself is a 50% increase.

orgy



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