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To: Tommaso who wrote (241201)5/19/2003 6:13:23 AM
From: Earlie  Read Replies (3) | Respond to of 436258
 
T:

And all of it "self-inflicted pain" (i.e., the Fed).

Anybody who doesn't think gold has a future after this past weekend sure could use some history lessons. (g)
Should be an interesting stock market opening.

Best, Earlie



To: Tommaso who wrote (241201)5/19/2003 7:56:50 AM
From: zonder  Respond to of 436258
 
Real interest rates are already negative - in fact, the deepest negative interest rate in decades, iirc.

This is a perverse incentive to move into riskier assets and not lose money after inflation. It will be fun to watch this Fed policy promote another round of mal-investment.