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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: orkrious who wrote (182708)8/3/2002 9:44:34 PM
From: sylvester80  Read Replies (2) of 436258
 
Problem with this hypothesis is that deflation and economic problems are not in US alone. Take a look at Europe and Asian countries, currencies and markets. This is a GLOBAL issue. The writer of the article is clueless and sounds like is losing his behind by having bought gold stocks much higher than they are now. Without inflation, gold is not going up. And without a growing economy, it will be deflation to worry about. Even on Friday from a raise that everyone expected the Fed's move to be next, now they are forecasting a 50-75 basis points decline this year.

JMHO.
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