tag:blogger.com,1999:blog-11719208.post716029765824748475..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Marc Faber sees hyperinflationTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-11719208.post-37790305764444351692009-05-28T14:26:04.486-07:002009-05-28T14:26:04.486-07:00We'll get 500% inflation but the government will r...We'll get 500% inflation but the government will report it as 4.5%. Problem solved. The killer will be energy prices. Throw in the unintended consequences of "cap and trade" and $20 gallon gasoline is in your immediate future.John Snoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-75784154343544976602009-05-27T08:40:20.601-07:002009-05-27T08:40:20.601-07:00the only way to prevent it at this point is if the...the only way to prevent it at this point is if the fed winds down and eventually reverses the printing presses as the financial sector heals. If we don't destroy the dollars printed to cover the credit crunch as credit returns, that will almost certainly set us into massive inflation.dangermikenoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-57034162042098498682009-05-27T07:51:20.332-07:002009-05-27T07:51:20.332-07:00Marc Faber is going crazy at his old age. US byp...Marc Faber is going crazy at his old age. US byperinflation also means world hyperinflation because the rest of the world is pretty well levered up. Hyperinflation for the entire global economy cannot end well and will probably result in war.<br /><br />I do not believe we will get to hyper inflation.Newshttp://news.yahoo.comnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-68701590104498036022009-05-27T07:19:26.412-07:002009-05-27T07:19:26.412-07:00I see tax receipts are down 34% at the IRS in toda...I see tax receipts are down 34% at the IRS in today's news. Meanwhile the "projected" deficit is what, $1.8 trillion just this year. Meanwhile we're maybe just months away from the interest the govn't has to pay on all their debts going way up. (at some point it easily consumes all tax receipts). We owe $60 trillion more in unfunded entitlements that we don't have the money for even if we didn't run deficits. Meanwhile our govn't seems to be doing whatever it can to quash any industrial revival here and we are not competitive in a global economy. Energy costs will continue rising for decades. <br /><br />So to cover all this, I assume all we have is "printed" money/monetization/etc. So why not hyperinflation ultimately? It seems to be almost a mathmatical certainty. What would reverse the trend?<br /><br />I think what's causing all the bizarre activity in the markets recently (stocks going up even though their futures look bleak, a massive deleveraging last year that took down even commodities in a mistaken thought that dollars were valuable and safe, etc) is that for a large segment of those too close to the picture to pick out the details, they think this is all just another downturn. The status quo went on their entire professional lives so they assume that's how it goes. I'm not sure it is going to be normal. I think it may be the end of the dollar, period. Whether that's in 3 years or 20, I can't calculate. But at some point it really is silly pieces of paper and little else.Bruno Tnoreply@blogger.com