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Investing in the Second Lost Decade: A Survival Guide for Keeping Your Profits Up When the Market Is Down by Tom J. Kopas, Joe D. Turner, Martin J. Pring

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APPENDIX BSUPPLEMENTARY OBSERVATIONS RELEVANT TO THE SECULAR COMMODITY BULL MARKET

In Chapter 4 we pointed out how inflation can slowly but surely eat away at portfolio values over the years and that the most likely outcome is for an extension of the secular bull market for industrial commodity prices for the balance of the current decade. In this section we examine two aspects of the inflation/deflation battle, the inflationary aspects of the recent unprecedented expansion in the monetary base and the deflationary consequences of the debt overhang and continued accumulation of obligations. First let’s examine the issue of the rapid expansion in the monetary base.

Expansion of the Monetary Base—Is the Gas Already on the Fire?

The monetary base ...

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