Most people, myself included, see runaway hyperinflation on the horizon. Not so with everyone. Today there is an article on Veteranstoday.com exploring the possibility of deflationary depression. The article rightfully assesses that anyone with debt is going to get hammered if deflation rather than inflation takes place. True enough.
While property values are sinking, mostly due to market demand and availability of credit, the stock market is down for many of the same reasons. The Housing Bubble burst, the Stock Bubble has done the same. The Federal Reserve's only way out of these crises has been and will continue to be the printing press.
I don't think deflation is going to happen any time soon. Better to hold on to gold, silver, bullets and beans.
No comments:
Post a Comment