|
Best Quotes of December 2008
January 1, 2009.
'No Inflation, Constant Expansion' was a misnomer to start with, the lie of the first half
undone by the scam of the second. Plenty more academics (most of them policy-wonks, too) also
stepped up to put a name on that era, variously calling it "The Great Moderation" (Ben Bernanke)
or "Great Stability" (Tim Besley, again at the BoE). Fact was, however, there was nothing stable
or moderate about the 10 years to summer 2007. Joy it may been to live through that phase of history,
that final blow-off in the seven-decade bubble of spending and debt that followed the last Great
Depression. But "non-inflationary" does not apply not when you remember that, just like More...
Gold and Silver in 2009
December 28, 2008. From the December 22, 2008 edition of James Turks
Freemarket Gold & Money Report: This letter is
the last one for this year, so its time to look ahead to 2009. Its shaping up to be an ugly year
for financial institutions and the economy, but a good one I expect for the precious metals. Here
are my 2009 targets: 1) Gold will climb into 4-digits in the first quarter and this time will remain
in 4-digits for the rest of the year. The potential high is $1800 per ounce ($57.87 per goldgram).
More... |