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December 22, 2008

Money and Markets: The coming biggest sea change of our lifetime

Topics: Economics
M & M has an interesting article on what Martin Weiss calls the biggest sea change of our lifetime - the shift from rising prices to falling prices, from booming asset values to crashing asset values, from wealth creation to wealth destruction, from inflation to deflation. It's Weiss's version of a quick read of a survival guide on how get through this inflation-deflation switch that is turning the entire world of investments upside down and inside out.

One of the unnerving take home messages from the article is that not even Washington can print enough money fast enough to halt this deflationary spiral; it's just too huge. And all the printing press money in the world won't do much if it's not lent or spent. However, as scary as this sounds, there does appear to be some promise of at least one bull market. Keep in mind that Weiss's piece represents his and his associates' opinion, and that surely there are other so-called financial experts that may disagree.

Posted by Hyscience at December 22, 2008 4:02 PM



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