GREY:HGGOF - Post by User
Comment by
Trg418on Oct 25, 2021 2:32am
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Post# 34043476
RE:RE:RE:Some one put a cork in Powells mouth
RE:RE:RE:Some one put a cork in Powells mouthGreat points, but the truth is they already lost control of the control they thought they had. The narrative has changed from inflation being transitory to being more persistent than anticipated. And with supply chain issues projected to last years, not to mention the ever increasing budget deficits via money printing(2.3 trillion for U.S in 2021, 29 trillion debt discounting future obligations) and they are screwed. A ridiculously small 5% interest rate(compared to historical averages), would obliterate them, and with how inflation is going they will need to raise rates and raise them soon. Either way, they're doomed. Hold onto your gold and gold stocks.