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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Earlie who wrote (6558)5/17/2004 10:10:26 PM
From: mishedlo  Read Replies (2) of 116555
 
Earlie in your "depression" scenario, (assuming it is worldwide - and IMO if there is one it will be), why won't interest rates fall like a rock everywhere? I believe they will.

It will be like Japan pushing on a string except ot will be worldwide.

Everyone looks at the US$, but is the EURO much better? Tons of deficit spending, an aging population (worse than the US), higher unemployment, etc etc etc. The saving grace is lower overall debt but how much will that matter in a depression?

I am still sticking with my model of worldwide falling interest rates. That will be ultimately what is good for gold.

Thoughts on that and any thoughts on silver appreciated as well. Copper? Oil?

Mish
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