Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: getanewlife who wrote (14850)	6/28/2002 11:46:19 AM
From: Jim Willie CB	Read Replies (2) of 36161

slowmotion dollar effect will soon be realized: INFLATION it will be from foreign imported product and domestic production using widespread foreign components a cascading effect will begin domestic producers will raise prices with or without the presence of higher priced foreign components nothing can stop this inflation refusal to allow higher prices will erode profit margins badly price inflation begets higher TBond interest rates after seeing evidence in CPI later this autumn or early winter which results in lost principal value of bonds which begets more dollar losses then mortgage rates rise and real estate values come down which erodes consumer purchasing power and corporate earnings are hurt worse which begets stock declines which hurts corporate earnings even more then even more dollar losses and even more price inflation and even higher interest rates foreign investors lose twice!! from dollar losses and from stock/bond losses THIS IS THE VICIOUS CYCLE coming this autumn sometime, or winter I already read that foreign import product inflation for May was 8.5% (annualized) the process has begun A DECLINING DOLLAR IS GREENSPASM'S WORST NIGHTMARE couple this price inflation with the unprecedented monetary inflation (i.e. Fed money printing, which will come to bite us) THE NEXT INFLATION CYCLE WILL HAVE BEGUN ANEW I am patiently watching the golds, now consolidating I wonder if they will come down somewhat, from low season more dollar declines might occur this late summer August is a very dangerous month for currencies in several months, the realized price inflation will be showing up very clearly in the CPI, despite all efforts to subdue it and gold will go ballistic I believe evidence of price inflation will be the impetus behind gold's next stage of steep rises / JW

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