@Barton_options Interesting that some are so averse/afraid of taking a covid booster shot,
While having ZERO qualm about eating junk food and become overweight, which would put them on a path for daily injection of Glucagon-like peptide-1 receptor agonists (for type 2 diabetes) in their 60s.
The US is a monetary sovereign, i.e. it can use Fed QE (blue) to anchor yields in the face of big fiscal deficits (black). What the US can't do is make foreigners buy its debt. In net terms, foreign buying stopped years ago (pink), very different from the post-2008 recovery...
@real_MikeBarnes because long end rates are moving higher. You dont need gold if long end rates will compensate you for inflation. Gold will take off once fed caps those rates from moving higher
When it comes to #inflation the Fed has two options. A) Admit it's a problem, raise interest rates to contain it, crashing stocks, bonds, & real estate while forcing the @JoeBiden administration to slash Govt. spending, or B) claim inflation is transitory and ignore the problem.
Powell is literally shouting in your faces: sell the fucking $ - exploding current account deficit with no material monetary tightening, the bitch is going ⬇️ - no Milkshake for that ho