RE:RE:Got Gold ?Powell is just stalling for time, gold and silver look attractive as inflation spiral starts - Degussa | Kitco News My Comment: The Fed cannot raise rates much due to the ever expanding debt and due to the very real possibility of crashing the stock market. The bubbles will burst, however, because they are unsustainable and inflation could be the catalyst as it causes consumers to cut spending.
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Polleit said that rising home prices are good indications that sustained inflation across the board is "rearing its ugly head."
He added that the threat now is that inflation spirals out of control.
"The higher inflation has become, and the higher inflation expectations have risen, the more restrictive monetary policy must be," he said. "Unfortunately, central banks shy away from abandoning their inflationary policy course, fearing that stepping on the brakes would plunge economies into recession and crash financial markets."