global inflation, page-9

Food for thought... a quote from today's Daily Reckoning article, The Hyperinflationary End Game, by Greg Canavan


We?ll leave the last word to Tony Boeckh, who is far smarter than we are.

"When the acts of borrowing and speculating push market values far beyond what is historically normal, it is time to look for the exists. Even though you may be a year or two early, the money made at the end by taking large balance sheet risk is never kept, except by luck."