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<p>[QUOTE=&quot;Cloudsweeper99, post: 963460, member: 3011&quot;]Before it hits? I&#039;m not sure.&nbsp; I guess it would be characterized by a general shortage of money in the economy that would lead to a significant rise in defaults on debt and, subsequently, crashing markets.&nbsp; </p><p><br /></p><p>My expectation is that the road ahead will be somewhat different than the traditional inflation or deflation scenario.&nbsp; We may see the price of necessities rise [inflation] at the same time the prices of luxuries fall [deflation].&nbsp; A lot of bonds will default [deflation] while the dollar falls [inflation].&nbsp; Real estate may continue to fall [deflation] while PMs rise [inflation].&nbsp; Low interest rates may continue longer than most people expect, but will have the effect of destroying capital formation rather than helping it.&nbsp; These are strange times, and the old rules may not be sufficient to enable most people to navigate through them.&nbsp; It&#039;s going to take new thinking, new strategies, and a creative understanding of an economic landscape that no living person has ever experienced in order to prosper.&nbsp; I have no confidence that I can do this, but I&#039;m trying.&nbsp; Good luck to all of us.[/QUOTE]</p><p><br /></p>

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