November 04, 2008

You guessed it… Helicopter Ben. On October 27, the Fed once again invoked its “lender of last resort” rights. It created the Commercial Paper Funding Facility and started purchasing unsecured commercial paper from institutions outside of the banking industry. After three days of implementation, the Fed has already added $144 billion in unsecured debt to its balance sheet and continues pouring gas on the fire that now burns across the financial world.

Does the Fed have enough gas in its tank to inflate its way out of this recession or will the deflationary pressures be to powerful to overcome? The just released November issue of The Casey Report features a spectacular debate between co-editor Terry Coxon, making the case for inflation, vs. deflationist Robert Prechter, best-selling author and president of Elliot Wave International.

Choose your side of the debate today, plus catch Bud Conrad’s Crisis Update, Doug Casey on the Greater Depression, and much more in The Casey Report. Click here for details on our Special Trial Offer.  


 

 
The Casey Research web site & Kitco Casey web site, Casey’s Investment Alert, Casey's International Speculator, Casey's Gold & Resource Report, Casey’s Energy Confidential, Casey's Energy Report, Casey’s Energy Opportunities, Casey's Trend Trader, The Casey Report, Casey's Extraordinary Technology, Conversations With Casey, and Casey's Daily Dispatch are published by Casey Research, LLC. Information contained in such publications is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. The information contained in such publications is not intended to constitute individual investment advice and is not designed to meet your personal financial situation. The opinions expressed in such publications are those of the publisher and are subject to change without notice. The information in such publications may become outdated and there is no obligation to update any such information.

Doug Casey, Casey Research, LLC, Casey Early Opportunity Resource Fund, LLC and other entities in which he has an interest, employees, officers, family, and associates may from time to time have positions in the securities or commodities covered in these publications or web site. Corporate policies are in effect that attempt to avoid potential conflicts of interest and resolve conflicts of interest that do arise in a timely fashion.

Any Casey publication or web site and its content and images, as well as all copyright, trademark and other rights therein, are owned by Casey Research, LLC. No portion of any Casey publication or web site may be extracted or reproduced without permission of Casey Research, LLC. Nothing contained herein shall be construed as conferring any license or right under any copyright, trademark or other right of Casey Research, LLC. Unauthorized use, reproduction or rebroadcast of any content of any Casey publication or web site, including communicating investment recommendations in such publication or web site to non-subscribers in any manner, is prohibited and shall be considered an infringement and/or misappropriation of the proprietary rights of Casey Research, LLC.

Casey Research, LLC reserves the right to cancel any subscription at any time, and if it does so it will promptly refund to the subscriber the amount of the subscription payment previously received relating to the remaining subscription period. Cancellation of a subscription may result from any unauthorized use or reproduction or rebroadcast of any Casey publication or website, any infringement or misappropriation of Casey Research, LLC's proprietary rights, or any other reason determined in the sole discretion of Casey Research, LLC. © 1998-2009 by Casey Research, LLC.