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Napanee, Ontario | I stand corrected on the use of immediate. But in terms of him saying a crash is going to happen "immediately", you are taking it out of context.
here's how it looked:
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"So what will this look like? How will it play out?
Consider the following as an order of immediate events (in brief form):
1.The Dow crashes, in downward lurches, interspaced with false recoveries.
2.As the crash unfolds, we will see innumerable people who bought on margin selling everything to cover their losses. (If they hold gold or gold stocks, these will be sacrificed even if the holders remain confident about gold. Their goal will be to cover immediate losses, at whatever cost.)
3.Due to the dramatic selloff in gold, the price of gold plummets."
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to me, the use of immediate is more about him describing the interval between them. Ie, from 1 to 2 and 2 to 3. I guess I can understand how it would be confusing, but I disagree that the author used the word in the sense to imply a crash is going to happen as such... rather it was used to describe the events that would take place once one does.
In any event, I guess there is no wager then eh, ?? ;)
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Inflation, deflation, or both?
