The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: maceng2 who wrote (19876)	4/22/2009 1:50:54 AM
From: axial	1 Recommendation Read Replies (1) of 71426

Let's see... globally we have massive unemployment, still growing; we have a credit crisis and governments trying to jam liquidity past banks that won't lend; we have billions in inventory sitting unsold and for which consumers have no money; banks with trillions in overpriced assets on their books that no one can price and no one wants; we have US capacity utilization at 10% below historical norms (and falling), crude oil inventories approaching historic highs, natural gas inventories high, and prices falling; no conceivable immediate pressure on wages or commodities - the list goes on, and on... ... not to mention the real possibility of a global economic crash at any time... ... and this guy is telling us to get worried about inflation? Can we take it one step at a time? How about we find a bottom first? Then see employment rise, with sustained production? See inventories decline? Then wait for people to start spending, and for liquidity to reach consumers? For wages to begin feeling pressure? How long will that take? Not one year, and not two. Maybe not five. Good grief. Inflation is the least of our concerns. Jim

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