The over 10% vote description is contradictory. Bond investors are currently fleeing the eurozone in favor of the US. This is driving down bond yeilds and providing plenty of credit to be thrown on the fire. When investors figure out the USD is no safer, they will bail, and THEN the printing press will go into spam mode.
Why havn't we seen any real inflation from the trillions dumped into the M3 over the past 4-5 years? Because it is still creeping around the banks and high level institutions. Once it makes its way down the pecking order to the man on the street, the velocity will accelerate and we'll start to see that hyperinflation.
3 Comments
All the options seem somewhat
All the options seem somewhat skewed, and narrow.
6.5% would be my pick, but not for the reasons you have determined for that level in your survey.
Where are the options that
Where are the options that project Deflation? ie: Lower floating than now.
The over 10% vote description
The over 10% vote description is contradictory. Bond investors are currently fleeing the eurozone in favor of the US. This is driving down bond yeilds and providing plenty of credit to be thrown on the fire. When investors figure out the USD is no safer, they will bail, and THEN the printing press will go into spam mode.
Why havn't we seen any real inflation from the trillions dumped into the M3 over the past 4-5 years? Because it is still creeping around the banks and high level institutions. Once it makes its way down the pecking order to the man on the street, the velocity will accelerate and we'll start to see that hyperinflation.
Buy gold while you still can boys...