RE:ShadowStats’ John Williams: inflation now is really 13.5%BB it is essentially a race of how long the Fed and other central banks can keep a lid on all the inflated assets from imploding.
Powell and all the others will just talk the talk. In the end it is a confidence trick. A crack will appear at any time and the whole house of cards will fall. It will be GFC mark2 but a lot nastier.
Gold and precious metals will rocket up. We already saw that on Monday gold was not deciding which way to turn. Normally it would have been pushed down hard.
KNT pushdown apart from algos doing their normal jig makes no sense but lets treat it as an opportunity.