So Who’s Right?

Clif Droke says election year cycles and other trends will keep the markets afloat …

Mish says money supply trends are deflationary and we're all doomed.

So who's right? What if they're both right? What if the trend in real estate is deflationary on the one hand, but on the other hand, the Fed and Treasury pull every rabbit out of their hats in a bid to keep the markets afloat through the election.

Meanwhile, the decoupling of emerging markets from the US continues. Commodities (gold, oil, more) still look good to me, longer term.

Check out my new gold and energy blog at MoneyAndMarkets.com