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December 14, 2012

Transitory & Permanent Inflation

The Fed has been saying that rising food and energy prices are transitory, they have been saying that for 10 years and I am still waiting for the transition.

The fact is they are not transitory, they are permanent and prices are going to keep on getting higher.  - in Ben Bernanke throws the dollar over the Currency Cliff videolog

Related: United States Oil Fund ETF (USO), SPDR Gold Trust ETF (GLD), Powershares DB Agriculture Fund ETF (DBA)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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