Deflationary?
With Japan, the US and now Europe (about to start through bond purchases)printing money like its going out of fashion?
More paper chasing same amount of goods raises prices I would have thought?
The deflationary argument is used to justify the QE process and everyone is racing to devalue their currency to remain competitive, currency wars if you will.
Once the banks actually start releasing money into the system and stop sitting on it, the deflationary model doesn't make sense.
Where has all the extra money gone????? Thin air????
This is all too macro a perspective and gets away from evaluating the fundamentals of a company which in the end prove its true worth and the market eventually wakes up to the fact.
I'm no economist but half the world economists are right just like a broken watch is right, twice a day.
Actually the broken watch is more accurate.
How does all this translate into me making money is my question?
FMG management have done a stellar job reacting and restructuring the company and refinancing debt at a time when it's been crucial. Lets see if they can continue to control and reduce costs.
FMG Price at posting:
$2.96 Sentiment: None Disclosure: Not Held
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