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We’re At Risk Of A Frightening Hyperinflation~Art Cashin
kingworldnews.com / October 12, 2012
Today 50-year veteran Art Cashin shocked King World News when he issued the following warning concerning hyperinflation: “I think you are certainly at a ‘flashing yellow alert.’ You have in place a variety of things that could begin to react somewhat domino-like.”
Cashin, who is Director of Floor Operations for UBS ($612 billion under management), also warned, “There are some potentially eerie parallels (today vs the Weimar Germany era).” He also cautioned, “There is a kind of delayed effect (from all of the money printing), and you want to watch very carefully.”
Here is what Cashin had to say: “I can’t believe things are that well managed. There’s a Three Mile Island lurking everywhere, just when you think you have all of this stuff nailed down. I wrote about the Weimar Republic a little earlier this week and one of the notes I pointed out was that even when they were printing money, literally printing, the inflationary spiral didn’t happen instantly.”
It’s not inflation, it’s the markets “showing signs of improvement”. I mean, how does the media describe house price inflation? They call it “an improving market”. Well, fair’s fair, so I’m saying the gasoline market has improved substantially over the past ten years, the higher education market has drastically improved since I was in college in the late 1980′s, the food market has improved quite a bit over the past year or two, … It’s really wonderful, all these improving markets.