Recap on The Great Depression Ahead

[Sunfish]

Originally Posted by Sunfish
If you take this logic one step further: Is the US hoarding oil in the ground? They may be.

I don't know Sunfish, what can you tell me?

There are some who say it is so. I know nutting!!!

 

[.toe]

Hmmm. Interesting that the US government maintains supplies of oil to save it from what the oil cartel might do, but the Federal Reserve maintains stocks of gold to save it from what the Federal Reserve might do

 

[myoung]

http://finance.yahoo.com/blogs/dail...-commodities-already-20110331-080715-415.html


His predictions have turned out to be extreme with the benefit of hindsight, but he normally picks the right direction of movement IMHO. I think there are a few valid points in this one, particularly:

"As for the Fed, they are "checkmated," Dent says, suggesting the Ben Bernanke & Co. are damned if they do QE3 -- because the bond market will freak out -- and damned if they don't -- because the economy and financial markets are so dependent on easy money."

 

[Ausprop]

If he's right, no amount of rates easing or printing money can solve the problem, only a decade of deflation.

contrast this to how things have played out - amazing