April 28, 2011 Reading Time: < 1 minute

“Depending on what you read, your political leanings, and philosophical beliefs, some scenarios like these could be on your mind. But reality is seldom that outrageous, so here is what I think will happen. First of all, prices are going up. Economists have underestimated increases because, whenever a trend emerges, the bean counters are always behind the curve. This is true with a stock that’s on fire, and it’s true in situations like the 2008 crisis when many analysts undestimated the situation’s severity.” Read more

“Inflation – What It Is, What It Isn’t” 
David Russel 
Nasdaq, April 27, 2011. 

Image by nixxphotography / FreeDigitalPhotos.net.

Tom Duncan

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