The story referenced in the title being whether or not global policy
makers can cook up an inflationary up phase in the global economy. I
had used the term ‘i2k12′ early last year referring to the prospects for
what might ultimately be an inflationary 2012. Well, they came with
the QE at year-end and now the theme shifts forward to the prospects for
i2k13.
A subscriber forwarded to me an audio of Don Coxe talking
about the changes coming out of Global Policy Central in “Basel
Greenlights Banks Big Time” and it turned out to be a good starter for a
post in which I would like to try to delineate some things.
You may have heard me belly ache in the past about the raving
inflation bulls who lump gold and gold stocks in with the entire
inflation trade? Gold is copper is oil is hogs?