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Don't Doubt Bernanke's Ability to Create Inflation

By Implode-Explode Heavy Industries

"Roubini, Prechter and Dent have been wrong about the overwhelming majority of their economic forecasts over the past decade. When it comes to their latest predictions about deflation, they will actually be right to some extent. We will see deflation in some assets like stocks and Real Estate, but only when priced in terms of real money - gold and silver. In terms of dollars, prices for pretty much all goods and services are guaranteed to rise dramatically over the next few years. Creating inflation is the only thing in the world Federal Reserve Chairman Ben Bernanke knows how to do and is good at."

Full post as published by Mortgage Lender Implode-o-Meter on May 26, 2010 (boomark / email).