The US dollar will rule for a long long long long long long time. Do you think the government would devalue the dollar and give Russia an opening? lol, C’mon, not going to happen. The more you want the dollar to devalue, the stronger it will become. The new norm is here to stay.
It has to be one or the other, a recession, or a weak dollar. I don’t think the people wearing black suits will allow or let both events to simultaneously occur.
That would be a threat to our National security, and would globally intensify all kinds of funky stuff already happening, or in the early stages, like a Chinese Taiwan confrontation, the death of crypto, Iranian fission bomb, Russia DEFCON 1 status, submarine war, no country travel sanctions, and a global economic meltdown, to name a few. 😂
Instead, dollar remains strong until at least early 2025, recession subsides, peace on earth, and we all live happily ever after. 😃
I like the line:”maybe inflation is not a bad thing”... I wonder at what point the narrative is going to swing. After all, what makes 2% inflation the “right” amount? It could be any %, just needs the right justification and acceptance then we’re off to the races.
I guess we won't hear from that numbskull Paul Krugman that he was wrong to be screaming that we didn't borrow enough when rates were low. Of course he will not take any blame when the interest expenses are 100's of billions a year more.
So, what you're suggesting is there will be a Fed pivot after all. But if the pivot comes during a global recession will it even save stocks? Gold is way down for the same reason as stocks, rising rates. Maybe I will be glad I've been buying gold & silver all summer. I hope so.
If the Fed hangs tough throughout 2023, which is doubtful, I would not be surprised to hear leftists in Congress float the idea of debt repudiation; just zero it all out. So what if bond holders are tens of millions of American citizens who hold bonds directly or via insurance companies and banks; and, foreign govt.'s like China and Japan retaliate? Of course, debt repudiation will not happen, but I wouldn't put it past Congressional leftists to float
Yes. I am buying gold in GBP, so thats a very different proposition. So gold is protecting me against currency debasement, I expect that when/if the dollar goes gold will take off. Silver has even more potential.
Yep, it makes you wonder how the Fed can be considered foolish for doing what it has to do. Maybe the Fed just needs to go away!
Amen brother
Excellent article!
The US dollar will rule for a long long long long long long time. Do you think the government would devalue the dollar and give Russia an opening? lol, C’mon, not going to happen. The more you want the dollar to devalue, the stronger it will become. The new norm is here to stay.
ES: I wish you were right, but sadly I don't think you are. But I think we will find out within the next year or maybe sooner.
It has to be one or the other, a recession, or a weak dollar. I don’t think the people wearing black suits will allow or let both events to simultaneously occur.
That would be a threat to our National security, and would globally intensify all kinds of funky stuff already happening, or in the early stages, like a Chinese Taiwan confrontation, the death of crypto, Iranian fission bomb, Russia DEFCON 1 status, submarine war, no country travel sanctions, and a global economic meltdown, to name a few. 😂
Instead, dollar remains strong until at least early 2025, recession subsides, peace on earth, and we all live happily ever after. 😃
Which of the two sounds more realistic? Hahahaha!
ES: I like the last scenario; but not holding my breath.
Question; can they inflate away the debt? And if so, perhaps that’s their plan.
I like the line:”maybe inflation is not a bad thing”... I wonder at what point the narrative is going to swing. After all, what makes 2% inflation the “right” amount? It could be any %, just needs the right justification and acceptance then we’re off to the races.
I guess we won't hear from that numbskull Paul Krugman that he was wrong to be screaming that we didn't borrow enough when rates were low. Of course he will not take any blame when the interest expenses are 100's of billions a year more.
OK. I get it. $90+12 zeroes of Total US debt, $30+12 zeroes of which is US government debt.
That wasn't so hard after all.
So, what you're suggesting is there will be a Fed pivot after all. But if the pivot comes during a global recession will it even save stocks? Gold is way down for the same reason as stocks, rising rates. Maybe I will be glad I've been buying gold & silver all summer. I hope so.
If the Fed hangs tough throughout 2023, which is doubtful, I would not be surprised to hear leftists in Congress float the idea of debt repudiation; just zero it all out. So what if bond holders are tens of millions of American citizens who hold bonds directly or via insurance companies and banks; and, foreign govt.'s like China and Japan retaliate? Of course, debt repudiation will not happen, but I wouldn't put it past Congressional leftists to float
the idea.
Yes I'm staggered by the stupidity of some of these people, like the one who was berating Jamie Dimon this week. Absolute insanity.
Yes. I am buying gold in GBP, so thats a very different proposition. So gold is protecting me against currency debasement, I expect that when/if the dollar goes gold will take off. Silver has even more potential.