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Old June 11, 2003, 07:47 AM
Boyd Stone
 
Posts: n/a
Default Re: Hungarian dinner or wise words?

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Disclaimer: I am not a licensed investment advisor or broker. Nothing contained in any communication from me shall be construed as investment or any other advice.
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Hi,

Thank you for your message.

You wrote:
> Investment Items bought with cash go up.

I've been trying to understand whether deflation or inflation is coming, so I can figure out how to position myself. Some people are predicting deflation while others are predicting inflation. On another forum recently someone posted an article by The Mogambo Guru in which he said, essentially, "here's why hyperinflation is coming," and in a followup message someone else said "he must be a gold bug: the reasons he gave actually prove that deflation is coming." Frankly, it makes my head hurt. Economics is incredibly confusing, and apparently even the high-paid big brains with degrees from Ivy League schools don't really have a tight grip on it. One thing I recently read predicted simultaneous deflation and inflation (with inflation being used in the Joe Sixpack sense of rising prices); hence my message. In my message where I mentioned the possibility of rising prices for items purchased with cash, BTW, I wasn't talking about investment items but rather about normal commodities.

Best,

- Boyd