One again, I am not surprised by anything this economy does. We are in a free fall. The biggest buyer of treasury notes are selling them as quickly as they can. One for political reasons, and the other because they are smart. They see a monumental crash and a lack of a return so they are getting out while the getting is good. The one company, an ally has had a financial collapse years ago and I think they want to avoid it again. And, yes, the USA was heavily involved in its problems.
To save ourselves, buy metals. Most of us cannot buy expensive musical instruments, sports cars or antique vehicles. We cannot buy pieces of art. Anything of real value is out of our reach at this time. My suggestion, as Greg has said, is buy silver. By pre 1964 dimes. Yes, it is only 90% silver, but they are a tier 1 coin, truly backed by US fed. There aren't many left to buy but it is one of the best ways to have real wealth. Thanks to Greg, I have been buying silver.
Greg I used to work at an armored car company (the people who fill ATMs). These companies are not doing well and they have very high turnover rates. I got paid $21 per hour to do a risky job and that was in a relatively high cost of living area. 21 bucks isn’t worth it to sit at an ATM with $100,000 when anyone can just drive up and shoot you. I think if people aren’t able to withdraw cash it is because whichever armored car company they use is not doing well.
You are 100% right. The sad thing is that we have no representation. Greed and power are the keys to controlling this process. Votes haven gotten us anywhere for as long as I can remember. I mean Congress members stay in office until they die...sad. Keep up the great work that you do. Take care Greg!
Under the law, being represented also means being held incompetent to do so yourself. The attorney you hire to represent you is beholden to the court first. Then you.
Besides, no pleb has ever been represented by anyone in government anyway.
I think if oil prices continue going down, inflation will slow giving the federal reserve the ammunition to lower rates. They need to make Biden look good.
... the U.S. and rest of the West is just collateral damage now to the money changers/printers and their weaponized dollars... what we ignore is more important than what we read.
[What was notable about Powell’s presser after the FOMC meeting, however, was how much he had to talk about the possibility of a rate hike in order to deny that one was likely coming. Talk of a rate hike had never even occurred in recent Fed meetings until now. Methinks he doth protest too much. Equally interesting was how the mainstream press was now pointing out that talk of a rate hike, instead of a cut, has become popular. A few months ago, I was the only one I heard saying it. Now it’s popular because the need has become obvious.
As Wolf Richter notes,
“Hike” and “rate hike” were mentioned 8 times by reporters and by Powell during the FOMC’s post-meeting press conference today. Those terms weren’t mentioned at all in the press conferences during Rate-Cut Mania, which were all about “rate cuts,” how many and when.
Powell was obviously unenthusiastic about rate hikes, and thought it “unlikely that the next policy rate move will be a hike” – “our policy focus is really how long to keep policy restrictive,” he said. But rate hikes weren’t even on the table before, so that alone was a big shift, from a bunch of rate cuts to having to deal with the possibility of a rate hike. One step at a time….]
As I was once told long ago: "Buckle up butter cups." No matter when they choose to lower everything the damage done is incapable. It's all a guessing game. Great article today Greg. Praying 🙏 for your s I sister's recovery, and your strength all the same.
I fully expect the MMRI to continously creep above 300 to the 305 to 309 level with the market crashing each time creating dips. Each time the FED will intervene buying the debt and lowering the MMRI below 300. My advice would be buy these dips and cash out each time. Then wait for the next dip. Rinse and repeat.
With $2 Trillion plus annual deficits and extreme geopolitical political turbulence causing major supply disruptions, inflation is unavoidable. The best Powell can do is tease the Market with rate cut babble.
One again, I am not surprised by anything this economy does. We are in a free fall. The biggest buyer of treasury notes are selling them as quickly as they can. One for political reasons, and the other because they are smart. They see a monumental crash and a lack of a return so they are getting out while the getting is good. The one company, an ally has had a financial collapse years ago and I think they want to avoid it again. And, yes, the USA was heavily involved in its problems.
To save ourselves, buy metals. Most of us cannot buy expensive musical instruments, sports cars or antique vehicles. We cannot buy pieces of art. Anything of real value is out of our reach at this time. My suggestion, as Greg has said, is buy silver. By pre 1964 dimes. Yes, it is only 90% silver, but they are a tier 1 coin, truly backed by US fed. There aren't many left to buy but it is one of the best ways to have real wealth. Thanks to Greg, I have been buying silver.
Greg I used to work at an armored car company (the people who fill ATMs). These companies are not doing well and they have very high turnover rates. I got paid $21 per hour to do a risky job and that was in a relatively high cost of living area. 21 bucks isn’t worth it to sit at an ATM with $100,000 when anyone can just drive up and shoot you. I think if people aren’t able to withdraw cash it is because whichever armored car company they use is not doing well.
Most guys would last 2-3 months. Uncoincidentally that was when you had to start training to do ATMs (the worst part of the job)
Thought you were taking time off? Electronic free Saturday!
There is nothing more to say. We got this. Go rest and get the copo running again.
You are 100% right. The sad thing is that we have no representation. Greed and power are the keys to controlling this process. Votes haven gotten us anywhere for as long as I can remember. I mean Congress members stay in office until they die...sad. Keep up the great work that you do. Take care Greg!
It’s a trip .. people ask for term limits .. why? It’s called voting that is your term limit
Under the law, being represented also means being held incompetent to do so yourself. The attorney you hire to represent you is beholden to the court first. Then you.
Besides, no pleb has ever been represented by anyone in government anyway.
Makes sense the fed would wait until it's closer to November to cut rates so markets jump and the rotting bag of oatmeal ends up looking good.
5•106.788=X(533.94)/1.618=Y(330)
Too many tequila shots, had to edit LoL. The numbers were right, it was just written wrong.
I think if oil prices continue going down, inflation will slow giving the federal reserve the ammunition to lower rates. They need to make Biden look good.
Absolutely!!!
We all love you:) God Bless and Protect you for telling the truth and keeping us safe:)
... the U.S. and rest of the West is just collateral damage now to the money changers/printers and their weaponized dollars... what we ignore is more important than what we read.
Inflation is Transitory Again
Because it has to be in order to fund Bidenomics.
https://www.thedailydoom.com/p/inflation-is-transitory-again
Excerpt below from full article above.
[What was notable about Powell’s presser after the FOMC meeting, however, was how much he had to talk about the possibility of a rate hike in order to deny that one was likely coming. Talk of a rate hike had never even occurred in recent Fed meetings until now. Methinks he doth protest too much. Equally interesting was how the mainstream press was now pointing out that talk of a rate hike, instead of a cut, has become popular. A few months ago, I was the only one I heard saying it. Now it’s popular because the need has become obvious.
As Wolf Richter notes,
“Hike” and “rate hike” were mentioned 8 times by reporters and by Powell during the FOMC’s post-meeting press conference today. Those terms weren’t mentioned at all in the press conferences during Rate-Cut Mania, which were all about “rate cuts,” how many and when.
Powell was obviously unenthusiastic about rate hikes, and thought it “unlikely that the next policy rate move will be a hike” – “our policy focus is really how long to keep policy restrictive,” he said. But rate hikes weren’t even on the table before, so that alone was a big shift, from a bunch of rate cuts to having to deal with the possibility of a rate hike. One step at a time….]
As I was once told long ago: "Buckle up butter cups." No matter when they choose to lower everything the damage done is incapable. It's all a guessing game. Great article today Greg. Praying 🙏 for your s I sister's recovery, and your strength all the same.
I fully expect the MMRI to continously creep above 300 to the 305 to 309 level with the market crashing each time creating dips. Each time the FED will intervene buying the debt and lowering the MMRI below 300. My advice would be buy these dips and cash out each time. Then wait for the next dip. Rinse and repeat.
With $2 Trillion plus annual deficits and extreme geopolitical political turbulence causing major supply disruptions, inflation is unavoidable. The best Powell can do is tease the Market with rate cut babble.
Good luck kid, we're gonna need it.
Han to Lando Circa 1983
they just make things better and better,don't they? lovely people.Let's invite them over for high tea