May 03, 2008
Markets and Intervention

Eric Englund on the economic shitstorm created by state intervention:

The Fed lowers interest rates, inflation is raging, and precious metals get hammered downward while bonds remain in a bull market. All the rules have changed. There was a time where inflation was bullish for precious metals and death on bonds. Today, up is down, right is wrong, black is white, and smart is dumb. Just buy stocks and all will be well.

Posted by Karen De Coster