Deflationary

Smash?

Get Totally Out of Stocks – Deflation Coming – Charles Nenner

So, where is Nenner telling people to stash their cash? Nenner says, “Put your money in the bond market.  A new bull market in bonds is developing. . . . The people in the Fed are now in their 60’s or 70’s, and what they remember is inflation, inflation and inflation.  I think they are on the wrong side.  It’s very hard for them to turn around and say deflation, deflation and deflation as it is for most market people because they haven’t lived through deflation.  In the last 500 years of investing, deflation is the norm. . . . I think deflation is the problem, and I see hawkish comments from the Fed, and I don’t think they are going to raise interest rates. . . .We are going to have a deflationary crisis coming up.  . . . Interest rates will go lower because we are going into a recession and even a depression.”

Nenner is also long term bullish on gold. Why does he like the yellow metal?  Nenner says, “Gold goes up 50% of the time in inflation and also 50% of the time in deflation.  Most people don’t know that.  If stocks go down and bonds are not safe and real estate goes down, where are you going to put your money?  You put it in gold.”  

Charles Nenner also is predicting oil will fall to $20 a barrel. He says it’s all part of the coming global deflation crisis that is coming.

 DYI