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Mix-Ansicht- Mogambo Guru - Importing Inflation -- The Big Bad News - politico, 16.10.2003, 20:16
Mogambo Guru - Importing Inflation -- The Big Bad News
-->Hier ein interessanter Auschnitt aus der neuesten Mogambo Guru Kolumne:
- Gary North, famous newsletter guy that he is reports that an in-house report by Christopher Wood, an economist for Credit Lyonnais Securities Asia, says some very interesting thing. Gary reports that"Wood predicts that by the end of the decade there will no longer be a possibility that the world's central banks can control the situation, and there will be a truly massive devaluation of the US dollar. 'The view here is that the US dollar will have disintegrated by the end of this decade. By then, the target price of gold bullion is US$3,400 an ounce.'"
Now, note that he did not say"in a decade," but"BY the decade." That is six lousy years away. Like most people I want to greedily count my chickens long before they are hatched, usually even before I even buy the damn chicken, and so with trembling fingers I dig out the old HP 12C, and enter $380 an ounce for present value of gold, a period of 6, a future value of $3,400, and I cannot help but let go with a girlish giggle - tee hee hee! - as my mind looks at that number in undisguised greedy glee, or gleedy greed in my best Lewis Carroll imitation, and then finally pressing the interest rate button, watching with nervous anticipation as it grinds its way through, grinding, grinding, any moment now, grinding out the answer, the program is running, running, wait, wait, okay! Here comes the answer: 44%! Are my eyes deceiving me? Is gold going to compound at 44% percent for the next six years? Wow! Super! Hey! Thanks guys! This is great! The next time you are down this way, it's Super-size for those fries, all around! On me!
Gary, lapsing into the familiar, then shows how he so effortlessly puts two and two together, and says,"Think about this estimate: gold in the mid-$3,000 range. Those of you who follow Richard Russell's newsletter will recognize the figure. Russell thinks the Dow Jones Industrial Average and the price of gold will meet at 3,000."
Schöne Aussichten für Amerika.
Hat jemand prognosen für Euroland?
Politico.
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