With weak U.S. retail sales and a rise in producer prices, many economists ― along with Fed Chairman Ben Bernanke ― believe this is further evidence of “stagflation” in the U.S. economy.
Stagflation? These guys are behind the times. We’ve had stagflation for the last three years! I warned my Real Wealth Report subscribers back in May 2005 that stagflation was already beginning. Now the economy is moving again ― towards a hyperinflationary depression!
Posted Wednesday, July 16, 2008 by
Larry Edelson
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Posted by: Andrew Baird on Thursday, July 17, 2008
Larry, today the sugar market declined quite a bit. I know that recently you have proclaimed that sugar is headed higher in the long run. Is this a buying opportunity, or is sugar finsished going up?
Posted by: Larry on Friday, July 18, 2008
Even after this pullback, sugar is still up 15.7% since the beginning of June! I am very bullish on sugar over the long term. I believe it’s a great buy.
Posted by: Steve on Tuesday, July 22, 2008
Larry, Another big day for stocks as oil and commodity's get hit hard. Buying opportunity for commoditys or is it time to get back into some equities? Sittng 100% cash other than GLD, SLV, DBA and BPT
Posted by: John Frederick on Wednesday, July 23, 2008
Larry, You had mentioned earlier that oil could move down to $108, or around there. You didn't say how that move would effect the price of gold. Is there a bottom price that you see for gold at this time? It looks like the Euro, which has been tied to the price of oil, is going to fall with the price of oil, which in turn gives strength to the dollar. This in turn weakens the price of gold. How strong will the dollar get, and where will it take the price of gold? Thanks.
Posted by: Larry on Wednesday, July 23, 2008
Stay in cash! Except for existing natural resource plays. Conserve your ammo during this commodity correction, that get ready to buy more!
Posted by: Larry on Thursday, July 24, 2008
Gold should hold up better than oil. Having said that, I wouldn’t be surprised to see gold fall to $900. But keep things in perspective: This is merely a correction. Ditto for the rally in the dollar. The major trends -- down for the dollar, up for inflation and natural resources, remain intact.