Our show interviews the brightest minds on Wall Street and we get differing opinions on where the markets are heading, but we have had one common theme among every guest on the show----inflation. Some say it will be worse than others, but I am very concerned. I am currently short the DIA and long GLD in an effort to provide a hedge against inflation.
We have spoken to Jim Rogers, Peter Schiff and John Williams who all argue that inflation will be out of control. They suggest diversifying out of the U.S. Dollar immediately. All of these gentlemen take a strong approach and believe that our economy is headed for trouble soon!
We have spoke to Donald Luskin and Jerry Bowyer and they are both positive on U.S. equities in the near term. While both are positive on the dollar as well, they contend that we are headed for inflation in the near term. There is no doubt that the recent actions of the Federal Reserve will cause us to see inflation, the question is how it can be contained. Peter Schiff contends that we don't have the tools to contain it. Jerry Bowyer argues that we have the tools, but the Fed may not have the guts to use them because it will be tough on the markets.
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