On Wednesday’s two-year anniversary of the bull market, cycle watcher Charles Nenner is sticking with a forecast of Dow 5000 sometime over the next three years.
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deflation
Inflation is coming! Deflation is coming! If you’re confused as to which is correct, this video will not help you come to any conclusions. Both Peter Schiff of Euro Pacific Capital and Gary Shilling of A. Gary Shilling & Co. have been dead on in many past predictions. Personally, I’m reading Gary’s new book, The Age of Deleveraging, right now and he makes a compelling case for a decade of deflation. Then again, I’ve followed Peter’s work and he knows what he’s talking about too.
Only one can be right, so how do you protect yourself?
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There hasn’t been a time in history when economists and investors have been so torn between whether we’ll see inflation or deflation in the near future. The most dangerous, and what keeps the Fed up at night, is the prospect of deflation.
Dr. Gary Shilling, who has in the past been right more than most others, argues convincingly that it’s deflation and slow growth that is coming, and which will be with us for some time. Shilling has just released a book on this subject, called The Age of Deleveraging. The book also includes advice on what you should and should not invest in during this time,
In this 2-part video, Shilling gives a fascinating interview on deflation and how to profit from it.
Part 1
Part 2
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There is a great debate going on among economists and investors about whether we are about to have inflation or deflation. The brilliant Peter Schiff and Robert Prechter, who both agree that the world, and particularly America, will see an economic collapse soon, disagree on if it will come with deflation or inflation. It’s a fascinating discussion, one that is sure to leave us confused even more than we were before. Listen to both sides and weigh in with your thoughts on who is right.
One interesting point they both agree on: gold and the Dow will be the same price at some point in the future. The difference is that Schiff thinks that number will well over 10,000 and Prechter believes it will be closer to 1,000.
http://www.youtube.com/watch?v=wRFWsQvUOPs
http://www.youtube.com/watch?v=zjyBWKq45sY
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