Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Seeker of Truth who wrote (44182)	1/2/2004 1:06:43 AM
From: Raymond Duray	Read Replies (1) of 74559

Do you realize that you are forecasting inflation of approx. 24% over the next 12 months? As to wicked financial plots, I can't and don't even want to ignorantly deny their existence but they won't produce 24% inflation that soon. The important gauge of inflation is the the value of the US$ versus the Euro, gold, CRB index, etc. By all of these standards, inflation is raging in America today. The figures on inflation that will be provided to us by the Dept. of Commerce or the FRB will be fantasies designed to cheat entitlement recipients out of COLA increases.

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