James Passin: The Feedback Loop
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Source: The Gold Report; interviewed by Karen Roche, Publisher 11/20/2009
Today’s extraordinary loose monetary conditions are "benefiting hard assets," according to James Passin, co-founder and manager of Firebird Global Fund and Firebird Global Fund II. Surplus liquidity is flowing into ETFs that buy commodity futures and physical commodities, which James says, is "creating a feedback loop" that is driving up the price of resources.
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