Predictions for the Coming 'Flation' [View article]
There will be inflation down the road. But will it be here in America? Or will it be abroad? Or here and abroad? This remains to be seen. Suppose all that money sitting in the banks is loaned out and invested, not in America, but in China, India, Brazil, etc. My point, in other words, is that while we can predict the creation of another bubble, we cannot predict where or how it will manifest.
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There will be inflation down the road. But will it be here in America? Or will it be abroad? Or here and abroad? This remains to be seen. Suppose all that money sitting in the banks is loaned out and invested, not in America, but in China, India, Brazil, etc. My point, in other words, is that while we can predict the creation of another bubble, we cannot predict where or how it will manifest.
Jan 12 15:35 pm
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