Wednesday, October 8, 2008
Hyperinflation vs. Deflation
The battle between deflation and hyperinflation continues. The big reversal in the 10 year yield along with gold closing back above the 200 DMA would have to be a check mark in the hyperinflation column.
Central banks around the world have now turned the printing presses on full blast. I expect the world to run out of trees within the month. Will it be enough to halt the deflation monster? That's the million ...trillions of dollars question isn't it?