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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RJA_ who wrote (69334)	9/23/2007 6:09:22 PM
From: koan	Read Replies (1) \| Respond to of 116555

Prechter, is sometimes out of touch with reality I have found. In the 1980's he was calling for $150 gold. Just use straightforward sequential logic: Liquidity, liquidity, liquidity. The world is creating money as fast as they can and spewing it to the trade winds of the world. The entire world pumped liquidity during the last DOW plunge. When you need a suitcase full of dollars to buy a hamburger gold is not going to be woth less dollars. The fed will take hyperinflation over a deflation depression. The rich and corporations can deal with hyperinflation. They have vehicles that float up with it. It is the poor who get hurt. So who will the rich and powerful look out for???? The above concept was a main thesis of the great John Kenneth Gailbraith who worte the definitive work on the Great 1929 Depression. And this is where the helicopters comes in-lol. cheers