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What Happens to Gold if We Enter a Recession or Depression?
By Jeff Clark, Casey Research
Mayan prophecies aside, many of the senior Casey Research staff believe that economic, monetary, and fiscal pressures could come to a head this year. The massive buildup of global debt, continued reckless deficit spending, and the lack of sound political leadership to reverse either trend point to a potentially ugly tipping point. What happens to our investments if we enter another recession or – gulp – a depression?
Here’s an updated snapshot of the gold price during each recession since 1955. Continue reading
Stagflation – What is it?
By Tim McMahon
The simple definition of Stagflation is a “stagnant economy coupled with price inflation”.
Thus the term Stagflation.
In other words, in stagflation prices are going up while the economy is going down. The word was coined during the inflationary period of the 1970′s.
Under normal conditions one would expect inflation to heat up the economy. That is one reason the FED generally increases interest rates during periods of higher inflation. This helps to cool the economy and prevent inflation from spiraling out of control. Continue reading
