Sprott Asset Management's John Embry, interviewed today by King World News, scoffs at assertions that inflation is low.
Embry says: "Aside from the fact that inflation numbers are severely doctored by governments to understate the inflation and thus overstate real growth, with the U.S. being a leading offender in this regard, the true manifestation of inflation is seen in the value of the financial assets -- stocks and bonds and global real estate. The prices in these markets bear no resemblance to what is really going on fundamentally, but rather reflect the staggering liquidity that has been introduced in the global system over the past seven years. This is an example of financial asset inflation at its finest."
Embry's comments are excerpted at KWN here:
http://kingworldnews.com/john-embry-the-crack...verywhere-in...
