RE:RE:RE:RE:RE:RE:RE:RE:PCE Deflator is out on 30th. If it continues at 1.3%I agree with most of what you said. Yellen is either an idiot or just the perfect puppet/salesman. Short little grandma, how could you get mad at her.
I agree things should rotate to gold but it won't be today, inflation is easy to fake as are job numbers, etc. The charts I liked the other day showed lower income and corporate tax income in many years. Which Im sure you saw but for anyone else it means, either you are lying about the lower unemployment number or the jobs are part time and/or low paying.
If Hilary had won I believe we would have much higher gold prices today, probably 1600 and 21-24 for silver.
I can't see them continuing to rate hike it just makes no sense and case in point look at Canada. Trudy-o was printing money and raising rates, at the same time and its ballooned the debt and put a damper on housing. Why on earth would the USA ever want to pay more interest on their own debt unless inflation is a hell of a lot higher than they are saying it is?
I don't know a single person thats gotten a raise in 10 years (bay street excluded), personally I have been on an austerity freeze since 2006, not even inflation based raises and I sure as hell pay more than double for almost everything now.
I believe we are getting a massive war or massive bankruptcies coming soon.