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

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To: ggersh who wrote (88262)10/31/2007 4:50:39 PM
From: Mike Johnston  Read Replies (3) of 110194
 
Given that Helicopter has just lowered a real Fed Funds rate to negative 5.5% ( 4.5% - 10% inflation ) my targets of $150 oil and $2500 gold by the end of 2009 might be too conservative.

Given that nominal rates will keep going down while inflation accelerates from here big time, we should start talking about a prospect of $500-600 oil and $10,000 gold.
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