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Gold/Mining/Energy : Gold Price Monitor
GDXJ 147.31+2.1%4:00 PM EST
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To: Bob Dobbs who wrote (27117)1/27/1999 7:41:00 AM
From: Little Joe  Read Replies (2) of 116925
 
Bob:

"The reason I say that is because today, unlike 1931, the US government is laden with debt. Should it be unable to service debt
in a slowdown, ie. if it defaults on bonds, or if it has to print its
way out, this could bring down the house. We'll see."

Is there any serious doubt that they will print their way out? Haven't they already started the process. This means debts get paid off in funny money. This leads to inflation not depression.

Live long and prosper,

Little joe
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