Fantasy is fun while it lasts. But reality eventually intercedes and interferes with even the mildest fantasy. Those way out in fantasy land are especially vulnerable to disappointment. So it is for those betting on the stock market and an economic recovery. More Bad Information There is no economic recovery despite all the media and Washington [...]
Tag archives for Zerohedge
Is Bernanke Being Kept Awake By Gold?
Readers of this site know that I believe gold is a likely safe haven in the trek toward economic Armageddon. Zerohedge thinks the chart below keeps Ben Bernanke up at night. Whether that is so or not is moot. Mr. Bernanke has other things that may affect his sleep even more. Mr. Bernanke is less [...]
Inflation Is Political Cowardice and Chicanery
It is no secret that politicians prefer inflation over tax increases. Zerohedge explains why: If the authorities raise taxes explicitly and openly, voters know exactly why they have less spending power. They also know how much less spending power they have. But if the authorities instead raise money by simply printing it, they raise the revenue [...]
How Can Hyperinflation Be Avoided?
Kyle Bass, via Zerohedge, provided his thoughts on how the current economic mess might end: Trillions of dollars of debts will be restructured and millions of financially prudent savers will lose large percentages of their real purchasing power at exactly the wrong time in their lives. Again, the world will not end, but the social [...]
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