I got my ECON degree at Roanoke College 39 years ago, and I agree with my old professors - - which is the one and only cause of inflations is creating/debasing currency. So, for today, what the FED needs to do is erase all these dollars that they fabulously and ridiculously created -- by squashing these dollars out of the stock, bond and real estate markets (and also the markets for Ye Sneakers and all other such nonsense). So, Powell seems to finally be pursuing this righteous path. He surprised me, especially the week before an election. IF he continues to delete all these excess dollars -- I am anticipating the DOW at below $20,000 - etc etc. TRW
The market is signaling to the Fed that it still lacks credibility and though stocks react to Fed speakers comments in real time, the market seems primed to melt up as potential catastrophe’s build. Such strange times. The Fed will keep tightening through the stock declines and likely a mild recession and spike in unemployment but the market is anticipating something worse that forces the Fed to turn tail. I assume the Bonner team still agrees, as do I, that the fed will pivot when something breaks and more or less declare victory as a means of saving face. I’d say that’s how the market is behaving as well, which seems totally rational.
I am not clear as to what “cash now, gold later” means. Please help me understand. Is this suggesting to be in cash now and purchase gold later- when the price drops further? OR does this suggest that cash is strong now and gold will be strong later? OR something else?? :)………I purchased gold at the beginning of the year, and as the price has dropped quite a bit, when I read this statement- it makes me wonder if I misunderstood the gold report and purchased gold too soon. Thank you
What is the possibility that, until Powell decides to stop raising the Fed rate, foreign central banks will raise their pwn rates enough to neutralize the Fed rate effect on assets?
I got my ECON degree at Roanoke College 39 years ago, and I agree with my old professors - - which is the one and only cause of inflations is creating/debasing currency. So, for today, what the FED needs to do is erase all these dollars that they fabulously and ridiculously created -- by squashing these dollars out of the stock, bond and real estate markets (and also the markets for Ye Sneakers and all other such nonsense). So, Powell seems to finally be pursuing this righteous path. He surprised me, especially the week before an election. IF he continues to delete all these excess dollars -- I am anticipating the DOW at below $20,000 - etc etc. TRW
The market is signaling to the Fed that it still lacks credibility and though stocks react to Fed speakers comments in real time, the market seems primed to melt up as potential catastrophe’s build. Such strange times. The Fed will keep tightening through the stock declines and likely a mild recession and spike in unemployment but the market is anticipating something worse that forces the Fed to turn tail. I assume the Bonner team still agrees, as do I, that the fed will pivot when something breaks and more or less declare victory as a means of saving face. I’d say that’s how the market is behaving as well, which seems totally rational.
I am not clear as to what “cash now, gold later” means. Please help me understand. Is this suggesting to be in cash now and purchase gold later- when the price drops further? OR does this suggest that cash is strong now and gold will be strong later? OR something else?? :)………I purchased gold at the beginning of the year, and as the price has dropped quite a bit, when I read this statement- it makes me wonder if I misunderstood the gold report and purchased gold too soon. Thank you
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Cash now and gold later ?
But Tom in is break down of Portillo ( safe mode )
We suppose to have 35 % of gold already , don’t we ?
What is the possibility that, until Powell decides to stop raising the Fed rate, foreign central banks will raise their pwn rates enough to neutralize the Fed rate effect on assets?
NONE