John Williams of Shadowstats.com, a leading online alternative economic-resource sees the potential for an explosive move in the PMs sector/commodities.According to Shadowstats, the official inflation numbers are significantly understated - consumers are being robbed as the pace of price increases exceeds wages.Shadowstats finds that the GDP is slowing at a rapid clip, which will be reflected in next week's official tally.The troubling sign for the domestic economy could result in the first recession amid one of the longest economic expansions in US history.Inflation is typically good news for the commodities sector, including crude oil, gold, silver and PMs shares, all of which are poised from a technical vantage point for a potential rally.The event that leads to the economic tipping point could be an expectedly sharp decline, even a crash in the US Greenback.John Williams expects that policymakers will return to quantitative easing (QE) in an attempt to stabilize the US dollar; the move could backfire resulting in a panic to procure inflation safe haven investments, such as energy shares and PMs.
Walter J. "John" Williams has been a private consulting economist and a specialist in government economic reporting for more than 30 years. His economic consultancy is called Shadow Government Statistics (shadowstats.com). His early work in economic reporting led to front-page stories in The New York Times and Investor's Business Daily. He received a bachelor's degree in economics, cum laude, from Dartmouth College in 1971, and was awarded a master's degree in business administration from Dartmouth's Amos Tuck School of Business Administration in 1972, where he was named an Edward Tuck Scholar.