The Treasury announced another bombardment of unexpected new supply today, as government finances continue to spiral out of control to levels beyond even the pessimistic forecast of the government’s advisory panel of just two months ago. Making matters worse, the Fed seems unwilling to help the market absorb the burgeoning supply. Unless that changes, it’s likely to lead to even more liquidation pressure as the Treasury crowds out other forms of investment. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.
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Crowding out. How does this end?
BTW
A.Krowne is clueless when it comes to money/debt devaluation/”inflation”.
His current piece on “hyperinflation” on his blog is a less informed embarrassment.
He no longer has the credibility necessary to share the WSE podcast stage with you and Russ.
For several weeks now I have debated dropping my subscription following his inane comments.
adios then. I find his comments quite insightful.
Aaron is a partner in these podcasts. I certainly do not agree with him all the time, but he is brilliant guy with a strong track record of recognizing trends very early on, and bringing crucial issues into the public eye early enough to do something about it. We all get some things wrong sometimes, and we all can fall victim to fuzzy logic at times, but only the passage of time can provide judgment as to the value of our prognostications. So far, Aaron has gotten most big investment decisions absolutely right. His contributions to the podcast are invaluable.
As for the issue of inflation, I don’t know what article Muckraker is referring to specifically, so I don’t know whether I would take issue with Aaron’s logic in that particular case. In most cases where we hold differing viewpoints, I can agree to disagree, because I have huge respect for his intellect and insight.
He’s talking about my article posted on ML-implode the other day, where I basically argue that what we’re seeing in commodities is the beginnings of the first-ever global hyperinflation.
Frankly, I don’t see what’s so controversial about that. Certainly everyone sees there is SIGNIFICANT inflation in this area; my point is that the dynamics behind it are the same dynamics that could turn into “real” hyperinflation.
Here’s the link to the article.