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Andrew Cullen January 12, 2014 at 2:02 pm


This last article of yours is absolutely on the money in my opinion. You nailed it perfectly with the analysis of probabilities for inflation versus deflation.

It leaves investment decisions though with some very tricky dilemmas. My hope is to see recovery in PM equities and further rises in bond yields. but as you say, that is very contingent on the ongoing impact – including unintended consequences – of central banks’ ZIRP and money creation policies.

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