Economic forecasting — Greater Fool – The Troubled Future of Real …
But even if the deficits are trimmed 50% from here gold will still rise. (guess at 17.5%). When they get the deficit to a sustainable level (3% of GDP maybe? I don’t know) then gold will stop rising and probably it’s time to call a top. …. And no housing price crash (maybe a slow decrease through coming years, but no crash). Plus, if you look at the yield curve and its big spread (between short term and 5, 10 years) a small increase in BoC rate may have almost no effect …
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