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Reason #1: There Is No Inflation
Whether it’s collapsing home prices, discounts on automobiles or reductions in stock prices, asset values across the board are
declining, not increasing.The gold bulls state that enemy number-one of the dollar-denominated currency is inflation. I agree wholeheartedly, and so does
the Federal Reserve.There are many backseat drivers that are claiming that the Federal Reserve does not truly fight inflation. That is a crock.
In reality, inflation during the last bull market occurred due to massive amounts of private capital leverage. Indeed, the Federal
Reserve did keep interest rates too low for too long in the early part of this decade, but do not forget that the stated goal
of the central bank is to fight inflation.Today, the numbers do not support an inflationary environment and fear over current spending and stimulus of the government
creating inflation is misplaced.I say be not afraid!
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