Contrarian Chronicles
Bill Fleckenstein is at it again, and I agree with some of the observations.
"the most obvious would be to raise short rates to a level higher than the underlying rate of inflation (i.e., 5% to 6%) and take back some of the absurd stimulus that Alan Greenspan has foisted on the economy repeatedly over the last decade. This would simultaneously increase savings, reduce consumption and hurl us into recession. But we are headed there anyway. So let's get on with it before even more damage is done."
Contrarian Chronicles
"the most obvious would be to raise short rates to a level higher than the underlying rate of inflation (i.e., 5% to 6%) and take back some of the absurd stimulus that Alan Greenspan has foisted on the economy repeatedly over the last decade. This would simultaneously increase savings, reduce consumption and hurl us into recession. But we are headed there anyway. So let's get on with it before even more damage is done."
Contrarian Chronicles
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