View Full Version : Deflation is a Non Sequitor

mick silver
16th October 2008, 23:12
Ed Bugos
Oct 16, 2008

It looks like Bill Gross has stumbled upon his bull market.

But so have gold bugs and, after today, maybe gold share investors also.

There are only two things gold bulls should worry about from this point forward, now that the general commodity correction is out of the way and the froth has been worked out of the market: deflation in the strict sense of the term (monetary, not asset deflation) or a suddenly brightening economic outlook, both of which, in this writer's opinion, would require a political austerity hardly imaginable these days