“Curious about your rational. If you have the time a quick outline would be appreciated. Denninger has proven, I think, that almost all major banks are insolvent at the present time. Yet we continue to print money. Would not inflation be a more likely outcome? “
You’re right, of course...you cannot FLOOD the world with dollars and then expect deflation. People are trying to apply the old rules here and this situation is TOTALLY DIFFERENT and a lot worse.
Thanks BobL. I think inflation is the more likely scenario. For those wondering I think the foundation of the stock market is 401K automatic deposits. While anecdotal, I have talked to many at work and they chuckle at the idea of an economic collapse and then rationalize a “correction” with dollar cost averaging arguments. My little 401K is in money markets for capital preservation and I think I am going to transfer it over to a gold IRA if that is legally possible. Beyond all this I can see no any citizen can access the financial state of our government because of its mendacity.