BK GUY

Big Risks, Big Opportunities

"At some point the interest rates are going to take a big jump and if you believe like I do it will be a MONSTER JUMP." Not necessarily, the Fed can print money to buy treasuries to keep yields (rates) artificially low.

As for inflation/deflation, I am firmly in the deflation camp (for now). There is no velocity of money. No matter how much the Fed prints, it just sits there in the bank -- having no inflationary impact. Someday it may start to flow. Wherever it flows, there will be increased demand and so rising prices. If it flows to American consumers, you may have hyperinflation. If it is expatriated, some other country may have hyperinflation. If it all flows to oil, the Great Depression will look like a picnic.

Agree that dollar is being devalued. This is the explicit goal of the Fed (whether it is wise or not is another question).