<Well, now they've done it. And what inflation has it produced? The only things that inflated were the very garbage the Fed purchased. Gee, we got junk bonds and the stock market to jump. Where else has Fed action led to inflation? >
Well, as one of "Austrian" bent, I believe the inflation has happened already, and the purchase by the Fed "makes it real" so to speak... note POG, dollar, price of most other things "not adjusted by idiots".
<So I say again, unless and until we see a further increase in debt monetization and Fed asset purchases, inflation will not be the problem.>
Well, I agree going forward, that is why I'm very concerned about deflation. If the fed stops doing what it is doing even for a year, this market, Gold, and prices are going DOWN.
Either way, unemployment is going UP.
JMO
DAK |
