Population growth is slowing and will turn negative soon (absent more immigration). We need higher productivity to maintain economic momentum. But again, it’s not enough to have a job for every worker. They have to be the kinds of jobs those workers can do..
This raises another issue with the government CPI data. It is intentionally formulated to understate rising prices. The CPI is nearly double the official numbers.
Each government and central bank is trying to satisfy its own appetite and hoping markets will not notice the lack of cohesion. Markets do notice, and they hedge that uncertainty with gold.
The lone dissenter, Trump appointee Steven Myron, actually wanted a larger half-point cut, underscoring how little appetite there was within the committee for holding the line.
We cut rates even though inflation is alive and well because the economy can’t keep creeping along without another dose of its easy money drug. The economy is addicted.
So-called democracy is about grabbing as much of the trillions of dollars of spoils that the US government dispenses every year as possible—and gaining control of the apparatus of the State.
After fifteen years of stagnation, platinum has woken up in a big way with an impressive 50% surge over the past four months. Even more exciting, this bull market may just be beginning.
Gold and silver markets surged over the last few days, with gold climbing near record highs near $3,750 per ounce and silver touching $44 in Monday morning trading.
