Interesting So the Fed gets scared. And at the first hints of less free money, stock markets also get scared. Anyone else feel like it feels like a 10% US indexes stock drop could happen any day now?
And then it will be interesting how quickly the Fed will start singing from a different hymnal if the indexes continue to drop. I think 33 1/3% total drop would be reasonable, but I am basing that on my feeling that economies all over the world are not in good shape. For sure Europe , China, and Japan would be like that , to name 3 of the top 4. I don't know what to think about the US economy, but have problems feeling it is all hunky dory now. And a big stock market hit tends to dampen the economy. Makes sense now why Biden didn't replace Powell, be a terrible thing to hand the mess to someone else.
And Covid? Could get pretty interesting there, but I really hope it doesn't. Anyone feel my hope carries any weight?
So what we have all been waiting for for so long now: $50 EDV, by way of high gold prices, by way of big inflation, stagnant, or worse, economies, tanking stock markets, and a virus that just wont stop.
Gee , isn't there another way to get that $50?