new stimulus planof 1.9 Trillion on borrowed money. Fed balance continues to expand $120B a month. All the base metals, corn, fruits, grains, meats have gone up in price. $2000 for everyone. negative real interest rate. sky high valuation for companies even with negative cash flow. $15 minimum wage, guaranteed basic income for all (oh it's coming). And the dems talking about giving $2000 for everyone per month...?!
BTW this is a massive amount of money directly injected into the economy, not bailout money to some lucky failed banks.
So...tell me again why there will not be hyperinflation??? Are you playing us for fools?? I'd really like to see how the fed get out of this one without yield curve control. The bond market is doomed. I estimate we already have inflation north of 10% if not for the convoluted way it is measured.
POG's been range bound but I think this is the news that will start the next leg up. $2300 is my call based on fib extension.