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Reply #4: Sorry...but... [View All]

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Home » Discuss » Topic Forums » Economy Donate to DU
brokensymmetry Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-18-04 08:13 AM
Response to Reply #3
4. Sorry...but...
I can't disagree! :)

There's a real chance that the Fed will use their "secret weapon" - the printing press - and start buying back debt and printing lots of greenbacks to pay for it.

That would make the value of the dollar go down, and would tend to ignite inflation. Funny, is it not, that the spot price of commodities is up about 20% in the last year? And a basket of gold stocks is up in value roughly 30% over what they were a year ago?

I think we're in for some interesting times...
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