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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: GST who wrote (62153)5/29/2006 9:31:10 AM
From: Mike Johnston  Read Replies (2) of 110194
 
I agree with everything you say. The bells are ringing: get out of the dollar now !

In the last five years:

1. House prices tripled.
2. Multi hundred percent increases in commodities.
2. Gasoline and oil tripled.
3. Food prices doubled.
4. M-3 has increased on average at 8%+ and accelerating recently.
5. Goldman Sachs etc are literally swimming in freshly printed money.
6. Middle class squeezed due to rising cost of living.

And Bernanke tells us that PCE at 3% overstates inflation.
By focusing on core PCE they claim inflation is at 1.6%

Even the Germans in April 1945 were not claiming that they were winning the war.
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