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Gold/Mining/Energy : Precious and Base Metal Investing

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To: austrieconomist who wrote (9898)4/17/2003 1:52:52 PM
From: Little Joe  Read Replies (1) of 39344
 
Your analysis is thoughtful and incisive. However, whether we will have inflation followed by depression or go straight to depression, is largely in the hands of the govt, including the fed. As has been stated by others on this thread, before the govt. allows depression, they will hand out money on the street corners. I can't envision the govt. allowing a depression to occur without pumping the money supply out of sight. The theory being that it will bail out debtors, etc. The question is what will it take to do this and what will the result be. I think either the stagflation of the sixties or hyper inflation. of course if hyper inflation is the answer, it will likely be followed by depression. If stagflation is the result, we may haves years of tough times.

At least that is what it looks like from here.

Little joe
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