What does it mean when we have inflation and the economy is failing?
*JSMineSet, by James Sinclair, May 9, 2007:
"The statement of the Federal Reserve Open Market Committee
concerning inflation as enemy number one while leaving the discount
rate unchanged speaks to Stagflation. As such, it is long term gold
positive.
The US economy has rolled over and the Fed cannot pump rates without
causing a major bust. They would put the final pin in the credit bubble
blowing what is left of housing all to hell and launching the Federal
Budget Deficit to the next galaxy."
*This information is solely a highlight of the opinion of a third-party publication and is incomplete. Please subscribe to this publication for the full and timely opinion of the author and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
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