[PSYCHO-FREEP]

Historically, times like these it is the best financial move, to buy material assets like real estate property that is likely to retain it’s value. (Not in the middle of East L.A.)

But my broker, very sharply cautioned me on buying treasuries right now. Particularly because the government is borrowing money to spend what it does not have.

Stagflation is right around the corner, then deflation, and finally runaway inflation as interest rates go into the double digits.

[PerConPat]

Stagflation is right around the corner, then deflation, and finally runaway inflation as interest rates go into the double digits.

Concur, a very real possibility...Here is an excerpt from a 2002 Bernanke speech:

If we do fall into deflation, however, we can take comfort that the logic of the printing press example must assert itself, and sufficient injections of money will ultimately always reverse a deflation.