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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (82272)	5/31/2007 11:47:42 AM
From: orkrious	Read Replies (1) \| Respond to of 110194

Bottom line on the past five years is if you didn't protect yourself for inflation you have fallen much farther behind. Was Mish, Fleck, Tice or any eternal doom and gloomer telling you or I that 2-3-4 years ago? All three have been advocating gold (Fleck and Tice especially so).

To: John Vosilla who wrote (82272)	6/1/2007 11:28:32 PM
From: renovator	Read Replies (1) \| Respond to of 110194

The only inflation Goldman et.al. care about is wage inflation. Since so many of the new jobs created in the last few years are either at poor wages or are in some way governmental the real squeeze will be when things slow enough to cut tax revenues. Suddenly all those government hires will be on thin ice and the benefit packages will start to shrink fast. Instead of a meltdown or even a suddenly cratering dollar it seems like we are just going to get a glacially slow constriction. Joe will spend every dollar available to him, people will carry houses way past any possible breakeven, corporate balance sheets will continue to accrue debt via buybacks and LBO's until way down the road when the general awareness level changes. Very frustrating, but this forced patience does allow for some of us to make real adjustments over a couple of years.