How Low Will DEFLATION Go????
New Jobless Claims Jump to 26-Year High
Consumer spending posts fifth monthly drop, income contracts
Durable goods drop 1 percent in November
Oil falls towards $37, tracking global equity losses
U.S. Nov. PCE core inflation unchanged at 0.0%
Are we now at the inflection point??? With prices falling even at the core?????? Don't worry, I know.....Gold can still be a relatively decent hedge against deflation.......but I doubt it compared to the dollar. Most jewlers today are in the gold buying business....not the gold selling business. We will see in the next three to six months whether the recent run up in the price of gold was a cycle spike or the foundation for continued upward movement??
At this point, no one really knows, but some like to tell you they do.......we all have our biases in life........and the differences my friends......isn't that what makes it A Wonderful Life.
FWIW, if it really is deflation, paying off debt and building savings would not be bad advice. Merry Christmas.