Tuesday, December 30, 2008

Wesbury: Fed Balance Sheet Expansion Is Not Hyper Inflationary

What is interesting about the title of this piece is Wesbury doesn't say "inflationary", he says "hyper-inflationary". I think him and James Grant are more or less on the same page (see Grant article previous to this post), but Grant apparently sees more inflation than Wesbury.

As you can see we have a huge range of opinion on where money is going - its a range that is from hyper-deflationary to hyper-inflationary and everywhere in the middle. I'm on the inflationary side.

Scott Dauenhauer CFP, MSFP, AIF