Alan Greenspan said

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Posted by jack cain on Thursday, September 20, 2007 at 14:24:15 :

In Reply to: US dollar plummetting posted by David Sherman on Thursday, September 20, 2007 at 13:56:30 :

Alan Greenspan said that he expects double digit interest rates to occur within the next 5 years because of current monetary policy and failure to control government spending.

So if you are comptemplating a large purchase and a long mortgage, now is probably the time to take the plunge.

Taking a position in precious metal stocks (not buying them directly) as a hedge against inflation might not be a bad play either.

And no, I am not a gold bug and have only intermittantly considered gold in the past 35 years.

Follow Ups:

Re: Alan Greenspan said - David Sherman 15:47:10 09/20/2007

Re: Good information David. - Doinco 19:08:40 09/21/2007

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