— but it’s like a rubber ball … it bounces up temporarily and then
heads back to the floor and then bounces again but with less veracity, to again
hit the floor and so on. That is the economic performance and outlook — brief
bounces but the overall trajectory is down, not up. The primary trend, and this is
definitely not in the mainstream, is one of deflation, not inflation. The fact that
so many believe in inflation makes this theme that much more appealing.
Remember Bob Farrell’s Rule number 9: “When all the experts and forecasts
agree, something else is going to happen.” The most dangerous thing anyone
can do right now is follow the herd mentality, and yet that is exactly what is
starting to happen.
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