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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Sharp_End_Of_Drill who wrote (15859)	8/7/2002 2:44:28 PM
From: Jim Willie CB	Respond to of 23153

NO, I argued that gold is a great deflation hedge only that notion is not the current conventional wisdom where did I argue against gold as deflation hedge? gold has shown itself to be a great deflation hedge empirically and eventually that notion will be widely known and accepted yes, we agree, the Fed will win yes, much of monetary expansion offsets "burned capital" from bankruptcy liquidations but I always see the Fed overshooting they raised rates too high in 2000 they will lower too low and for too long in 2002-03 they rely on incredibly shitty statistics e.g. CPI, PPI, Productivity, GDP / jim