Newmont Mining(NEM) & Newmont Gold(NGC) Message Board

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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC)

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To: Broken_Clock who wrote (426)	12/14/2000 4:13:56 PM
From: ahhaha	Read Replies (1) of 587

What do you mean? Those aren't inflationary factors. They rise long enough to provoke a response on the side of lenders. No one will lend under a regime of rising expectations for future inflation. Rates then will rise sufficiently high due to constraint on supply to send the activity level to whatever is enough to cool the factors driving them. That usually means crashed stock market and crashed dreams of rising compensation. Real estate then follows with a lag. Because of the above mechanism debt is never a problem. It solves itself. Debt never can be so much of a problem such that the system goes bust. Long before that occurs the availability of credit disappears. The FED's general bumbling only tends to prop up the excesses in any cycle. The FED no longer has the trust it had during the '50s because they have become activist which is so social and trendy, so they can't commandeer the markets and create such great extremes that an environment like the '70s can recur. They can certainly continue with the "good job" and provide us with another, batting 4/4, crash next year.

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