Market Watch with Tom Waitt

January_18th_2012.mp3 Inflation ? / Deflation ?    Inflation or Deflation; too many dollars chasing too few goods or too many goods with too few dollars. Consumer Price Index (Click For Larger Picture) Tomorrow the Consumer Price Index will be released for 2011. For those that remember the 80's with the Consumer Prices rising 14%, current levels are likely to show a mild 3.2% indeed there is a near-term risk of flipping to deflation with European concerns and the World Bank reducing its estimate of world GDP growth in 2012 from 3.4% to 2.5%. Over the last decade we have seen Consumer prices as high as 5.6% in July 2008, and as low as -2.1% in July of 2009. Inflation as a concern is relegated to the distant future. Developed economies have not fully healed and consumers are not yet ready to stand on their own two feet, any meaningful inflation is still a couple of years away. Perhaps it is time to reassess ones exposure to Golds and Oils that are so prevalent in Canadian Stocks and over