Loading ...I skimmed the article for his remarks. We are seeing some deflation in manufactured stuff and some in food as well. I mentioned I got 60 eggs from Walmart for $6.25 a couple of weeks ago, same package went up to $7.43 two days ago. More likely Walmart greed than the onset of more inflation. That being said, gasoline is on the move higher with oil and we are seeing higher copper and other commodities as well. So, it’s a mixed bag. Things we need to live may see more inflation, things we can live without coming down as the economy rapidly slows.
I have to think that Gov’t. debt is the real reason rates need to come down, at 6-7% it is unserviceable.
Gold needs to act as our hedge hopefully.