The dollar is plunging in value against other currencies and there are already worrisome signs of inflation creeping into the core CPI and the price of commodities and commodity based equities are rising. Also we are starting to see movement by large institutional investors into traditional safe havens like gold which has been rallying (gold was up $12.00 oz today). For those who don't have the appetite for long and admittedly dry articles on macro economics some witty illustrations have been appearing of late that seem to cover the essentials.
They say a picture is worth a thousand words...
1 comment:
I wouldn't worry about it right now. The macroeconomic bottom should be reached in 3Q or 4Q. In 2010, I'd start worrying if Bernanke weren't aware of the excess liquidity sloshing around. He's aware of the issue, and he's done a great job so far, despite what Stevie Forbes says.
The unsung macroeconomic hero of the hour is the TALF program.
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