IT BEGINS: The Fed. Is Sending A "Message." PAY ATTENTION TO IT! This Is All A Game... Mannarino

Oct 22, 2021

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I just read a Bloomberg writers take on the coming stagflation versus the 1970's

and this article they "never" speak about higher interest rates in the current fiasco.

You go back and look at the 1970's stagflation period and you'll see that "INTERESTS

RATES" went to 20% and what is your interest rate now to buy a car or home?? This

is the difference and a big difference. I remember my brother in 1978 purchased a

Chevy Pickup Truck with a sticker price of like $17,000 and the interest on the loan

was 21% interest rate. This is what the financial "experts" fail to touch upon in their

comparison to the 1970's stagflation. So, if bond yields spike and people with cash

to loan want more interest for their loans, how is that stopped by merely pumping

and dumping more cash which in fact continues to dilute the value of the currency

so your buying power becomes less and less while prices remain elevated or higher.

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