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  • John Doody: A Winning Situation for Gold Stocks [View article]
    So far, the Fed IS taking the advice of the "Dean" of the Chicago School. It was Dr. Friedman himself who said the best way to avert another Great Depression was to sharply lower interest rates and print money like crazy. This is one point on which the Chicagoans and the Keynesians both agree.

    The subsequent problem will be how to take the excess liquidity out of the economy, assuming this (multi-trillion dollar) foray is successful. The question then becomes will the Fed have the stomach to jack up interest rates to the 15% to 20% (just a guess) required to pull this trick off?

    Those of us (including this writer) who think not should invest in hard assets, such as gold, copper and oil. Because clearly, then, the coming inflation will be a whopper.
    Jan 22 11:12 am |Rating: +1 0 |Link to Comment
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