Soar above the hubris and overconfidence to fortify your wealth.
“A growing deflationary hurricane is churning off the coast. At the same time, a massive inflationary warm front is surging toward us, threatening inflation like we have not seen in forty years. As if forecasting future economic conditions was not tricky enough, both systems are being fueled in unknown ways by the convergence of historical amounts of monetary and fiscal stimulus. The two ominous and encroaching weather systems make economic and market forecasting extremely difficult.”
USAGOLD note: Lebowitz does not mention gold in this analysis. We observe, though, that the greater the difficulty in predicting an economic outcome, the more important gold and silver become.