U.S. Economy Entering Twilight Zone

Published: September 27, 2007, 5:26 am

Tags: housing bubble, depression, banking, wall street, mortgages, sub prime, economy

A very clever and interesting post by Gary Dorsch, Editor, Global Money Trends on the possibility of hyper-inflation in the U.S. Calling it the Twilight Zone. Nowadays, there are numerous signposts indicating that inflation in the United States is getting out of control. The US M3 money supply is 14% higher than a year ago, its fastest growth rate in 35-years, the US Dollar Index is plunging to 15-year lows, gold is surging toward $725 /oz, a 28-year high, crude oil is cruising above $80 /barrel, wheat prices have doubled to $8.75 /bushel, an all-time high, and the Baltic Dry Freight Index has zoomed 300% higher to stratospheric levels. It's like entering a fifth dimension beyond that which is known to man, that lies between the pit of man's fears and the summit of his knowledge. It is an area called the Twilight Zone, Mr Serling explained. Could it be - the fifth dimension that lies ahead is hyper Inflation, and the re-ignition of the Commodity Super Cycle? Money

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