http://wallstreetpit.com/11964-roubini-people-deluding-themselves-with-gold-at-2k-are-talking-nonsense Wed, 17 Mar 2010 23:20:30 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://wallstreetpit.com/11964-roubini-people-deluding-themselves-with-gold-at-2k-are-talking-nonsense#comment-79056 John Smith Mon, 09 Nov 2009 20:32:29 +0000 http://wallstreetpit.com/?p=11964#comment-79056 The market is going up and up. The Fed is throwing money at wall street and the economy is getting worse for everybody but the bankers on wall street. But the money is trying to get out will eventually burst through the walls of wall street and flud main street. At which point gold will be more like $5000 not $1300. The market is going up and up. The Fed is throwing money at wall street and the economy is getting worse for everybody but the bankers on wall street. But the money is trying to get out will eventually burst through the walls of wall street and flud main street. At which point gold will be more like $5000 not $1300.

]]> http://wallstreetpit.com/11964-roubini-people-deluding-themselves-with-gold-at-2k-are-talking-nonsense#comment-79037 John Ryskamp Mon, 09 Nov 2009 18:16:24 +0000 http://wallstreetpit.com/?p=11964#comment-79037 As always, it comes down to what underemployment is doing among people with a Bachelor's degree or higher. They're the ones who count politically. The true rate is about 15% in the U.S. It will have to go to 40% before the "collapse" inflationary scenario occurs. But watch out for this happening because of things he isn't observing: above all, a collapse of the supply chain. Look for it to occur in agriculture. Capacity is shrinking, not "idling." As always, it comes down to what underemployment is doing among people with a Bachelor’s degree or higher. They’re the ones who count politically. The true rate is about 15% in the U.S. It will have to go to 40% before the “collapse” inflationary scenario occurs. But watch out for this happening because of things he isn’t observing: above all, a collapse of the supply chain. Look for it to occur in agriculture. Capacity is shrinking, not “idling.”

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