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Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (3830)	3/28/2003 12:06:58 PM
From: jrhana	Read Replies (2) \| Respond to of 5423

The wild card for your scenario is the ability of the Fed to print dollars. I believe that in herky jerky fashion your deflation /deep recession picture will be overtaken first by stagflation and then a runaway inflationary boom. (I am talking over the next 10 years or so.) Greenspan will not allow a deflationary depression even if he has to personally stand on a street corner and hand a $100,000 bill to every man woman and child. POG should do well with extreme volatility (ST and IT). All I know about real estate is that the last time we were in a prolonged weak dollar cycle, foreigners came in and gobbled up real estate in select markets. In fact real estate did well until interest rates began to seriously rise. At least in the two areas I am familiar with and own property: Miami and Washington, DC (Georgetown). This I imagine would also apply in spades to ares like Manhattan and California. Just my perhaps overly optimistic vision for the future.