Remember our last letter? We stated that we thought that commodities would rise in value and that inflation would return in the long run. Well that is the lead-in to this letter in which we cover some points omitted in our recent missive.
SHORT TERM INTEREST RATES ARE MORE IMPORTANT THAN PEOPLE REALIZE
In our opinion short-term interest rates are very important in determining the value of stocks and precious metals. Why would I say something like that? This is an issue that I discuss every few years in these notes and now may be a good time to . . .
Continue Reading: November 24, 2003
