Sunday, November 14, 2010

Whither the economy?

Here at the Nauvoo Commuter, we are still monitoring the economy. We don't know any more than you do.

Recently I've talked to Wall Street investment bankers, prop traders, global hedge fund managers. They don't know more than you do.

One group believes the U.S. is headed for hyper-inflation, with dire consequences for the planet. The other group is convinced that we are headed for deflation, as the current recession continues. They are nearly opposite scenarios.  And yet both groups have compelling stories to prove the accuracy of their predictions.

Does it matter? You need to move forward with faith in the future. Hedge, but don't procrastinate because of the stock market levels.

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