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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Amots who wrote (380364)1/31/2009 2:48:50 AM
From: Cactus Jack2 Recommendations  Read Replies (1) of 436258
 
This comment to that column sums it up for me:

I will no longer argue the inflation / deflation thesis. The massive bailout numbers being thrown around make the outcome all too obvious to anyone who can fog a mirror. The longer the deflation thesis holds sway, the more new money will be pumped into the system trying to reflate it, and the higher the ultimate peak will be in gold. I will be selling my PM's to current deflationists when they finally panic and change their minds, right at the peak.

Go Mish. Keep on reelin' 'em in, buddy. I'm through trying to stop the destruction of the US Dollar. When this is over I'll be able to look in the mirror.

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