Loading ...One Shoe Down, One To Go
In my Monday post calling for the likely SHOCK of gold and silver blowing through resistance to a new higher level, set of targets, I listed the two possible catalysts(excuses). The first was the hot PPI and CPI numbers, already dropped and gold and silver popped. The second is about to drop anyday now. When it gets announced that Powell is out and Brainard in, the second shoe should lead to a huge stock market drop and gold and silver upside explosion!
Please explain why Brainard will be the choice and what difference his would be from Powell
thanks CM
She is a definite dove as oppossed to Powell being more mainstream.(still a dove as all FED members basically are) or we never would have gotten to this level of zero interest rates and two years of QE. It is a subtle difference but the market doesn’t like change and uncertainty. These outcomes are going to happen anyway. Maybe at a different pace. That is why I always cite specific news items or data releases but add that they are just excuses for what is going to occur anyway. They are catalysts but not the actual reasons, why.
You assume the govt is running the show and gets to decide.
the pres and the other “elected” folks, dance to the tune of the Fed.
The Fed is the govt. Unelected. privately owned.
No matter who’s running the govt … follow the money.
The inflation cat is out of the bag. The public knows it now. Did you see the cover page of Drudge Report yesterday? This is not about Republicans or Democrats now.
Until a Volcker is reincarnated … what are the chances of that?
The transfer of paper wealth to the Bezos and Musks and Gates is done. For “they” sold what the Robinhooders bought.
Now with their new billions, “they” will buy up all farmland and all the commodities and all PMs and conquer the other, tangible wealth too.
Crypto is another “game” which has been an exceedingly successful distraction for the public … yes some public may have made money in crypto … but are they able to convert their gains into actual dollars?
Hyberbole? May be.
But I’m following the money. And making some, since the 9/29/2021 bottom in my portfolio.
GL
Crypto is another “game” which has been an exceedingly successful distraction for the public ” Well at least when tulip bulbs were the distraction of the day when it all crashed down you still had some pretty flowers to grow.