Friday, May 8, 2009

Big Inflation coming

I am more convinced than ever before that the government's efforts to stimulate the economy have gone way too far.
There will be a period of rampant inflation.
There will be price controls.
There will be currency controls.
There will be shortages.
You would think the wealthiest nation on Earth would understand the basics of economics and avoid these pitfalls… but politics rule our country, not economics.

It will be a long time before policymakers react appropriately by raising interest rates significantly.

This gives us plenty of time to rack up very large gains in equities.

I hope you've taken my warnings seriously. It's coming.

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