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Strategies & Market Trends : Financialsense (FSO) - Jim Puplava forum

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To: sea_biscuit who wrote (48)12/9/2007 7:22:16 PM
From: the navigator  Read Replies (2) of 125
 
I found today that if I take notes as I listen, I actually get more out of the program...imagine...

According to my notes from the 3rd hour up to other voices segment...after a LOT of discussion about what is happening and where the indicators are pointing, Jim concluded that we may rally into the end of the year and then move into a "pain then gain" scenario.

Looking more like first the pain, then the gain

Puplava believes there may be a rally into the end of the year after Tuesday's rate cut, then in Jan & Feb the bad news starts to hit hard on the economy and the earnings front so expecting another major downdraft into the first quarter as it will take time for the monetary coordination to begin.
Then widespread monetary coordination to come from central banks worldwide. When it happens, market indexes will show new highs with a 15 to 20% gain by the end of next year.
Puplava said he is hearing about deflationary depression but with fiat world nothing inhibiting currency printing he doesn't see how that is possible. Deflation is contracting money supply and he's not seeing that. He's seeing double digit money growth in 18 of 20 nations.
We will eventually get deflation after hyperinflation runs its course sometime after 2008.

Puplava believes the US Dollar and other currencies following in the path of the reichsmark.

He also said he is working on his 2008 forecast so this is a rough draft of what he's expecting.

I also took notes on the first segment but need to smooth them out so they are understandable to others.

Almost forgot...Puplava also pointed out that he believes that the real issue investors should be focusing on is the object of obsession for the reflation – he believes it will be commodities.
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