The fire-sale prices in stocks are not here yet, given all the problems in store, but when the cost of government interest gets to where the Biden Administration (like Trump), and especially congress, starts maximizing Powell pressure to lower rates..
We discuss his recent comments regarding Gold and Silver, where he says there is "Blood in the Streets." Furthermore, we talk about CPI numbers, inflation, Gold heading east, the Housing Market, and more.
Fed tightening just doubled to the fastest rate of tightening in history by far. That’s why it has suddenly gotten very rough in the marketplace. This is a massive flow of money the size of the Niagara River..
We permabears should be careful what we wish for, however, since deep hardship affecting the broad middle class, the poor and even the very affluent could persist for a long time -- perhaps a decade or more...