The Fed’s Treasury bond purchases enable the federal government to run up the debt without increasing taxes or paying punishingly high interest on the debt.
Inflation. It is on the tip of everyone’s tongue these days. Even hyperinflation although the use of the word hyperinflation is more like hyperventilation.
Sure, there's plenty of 'wealth' tied up in stocks, bonds and real estate. But valuations are so pumped with hot air that we might as well write off three-quarters of it..
The Gold market might be sniffing a change at the Fed. If Lael Brainard replaces Jerome Powell, what does that mean for the Gold and bond markets? MMT helicopter money?
