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.
Will retail investors come to understand the difference between real metal and "paper gold"? If they do come to understand, they'll want more of the former and less of the latter.
