Supply-Side Forum

THE GOLD VOLATILITY MODEL: Latest Updates

Ed Breen, September 29, 2009 (© 2009)

The GVM shows continued decline in the YOY Core PCE through the end of this year into Q1 of 2010 and than an apparent bottoming starting at the end of Q1 2010. The actual PCE has continued to follow the predicted trend, so the actuals should continue to decline from last month's 1.4% to something below 1% before we see a bottoming. There is nothing in this prediction that shows any emergent inflation in the next six months.

EDWARD BREEN was a long-time friend and confidant of Jude Wanniski. He served as a director of Mr. Wanniski's consulting enterprise, Polyconomics, Inc. Mr. Breen is an attorney licensed to practice law in the state of New Jersey and he currently serves as an active director of a private manufacturing business. In his career, he has served as the President of a real estate development company, as the founder and director of a publicly listed regional bank and he has been involved in a number of entrepreneurial investment ventures. Mr. Breen can be reached by e-mail here.