Back to gold, here's a chart of the CPI-adjusted gold price -
depicting gold nearly 40% below its ALL-TIME high...
However, if the TRUE CPI was utilized - care of John Williams of Shadow
Stats - the "adjusted" gold price would be closer to 75% below
its 1980 highs, as is the case with the current Dow. Of course, if
the "apples-to-apples" Dow was utilized - including stocks
deleted due to bankruptcy or nationalization (Eastman Kodak,
General Motors, Citibank, and AIG) - the Dow's "adjusted decline"
would be closer to 85%...
In conclusion, you can see why the Fed is TERRIFIED of announcing
a "new QE" initiative (which is probably why they'll couch it in
"Fedspeak")...
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