Wednesday, December 31, 2008

Happy New Year!

Here's to 2009, "The Year of the Wheelbarrow"

"As broad money growth accelerates, inflation will increase. When heavy dollar selling… leads to dumping of dollar-based assets held by foreign investors, the Fed will… have to monetize accelerating Treasury debt… I am moving ahead in time the possible onset of hyperinflation into 2009."

John Williams








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