Monday, June 14, 2010

Schultz: Deflation Now, Hyperinflation Soon

Deflation is the biggest worry now but it will turn into hyperinflation soon, says Harry Schultz, author of the successful International Harry Schultz Letter.

"We are poised at a heart-stopping moment in economic times,” Schultz writes.

“On one extreme side, the world is on the edge of massive deflation and depression. At the other extreme, hyperinflation.”

Schultz’ view: “Both these extremes are possible.”

Deflation is the issue now because money supply is actually declining, he says, according to a MarketWatch report. (more)

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