The Left reacts with horror to any attempt to question “climate change.” Let’s do everything we can to stop the “climate change” fanatics from destroying our economy!
One thing is certain, inflation isn’t going to go back down to target with interest rates being lowered, so we’re going to have stagflation until the economy flushes harshly enough to possibly take inflation away, but that’s a worse set of troubles.
Fed policy more typically focuses on one side of the mandate, then swings the opposite way when the goal seems achieved. Hence, the “punchbowl” analogy I described last week. Need more employment? Fill the punchbowl. Then drain it when inflation picks up.
The dollar is weakening and on the cusp of breaking down from the channel pattern it has traded in since 2008, signaling the start of a new secular bear market.
Gold stocks had been such a cast-off area. Producers, royalties, and maturing developers of mines. The whole world appears to be getting in on the play now.
