RE:RE:RE:RE:RE:Completely sick
GorgeousGeorge1 wrote: Gold investors just jittery over the trajectory of real rates. I heard an interview with chief fixed income strategist at HSBC yesterday, says there's no way fed can raise rates into the 2's without destroying the economy. Then you've got the ex NY fed chair saying Powell will raise well into 2's to curb inflation. Two smart guys, two opposite opinions on inflation, rates etc. It's a tough market, volatility is everywhere, think you need to get used to that for the next 12 months or so
It's probably already too late to tame inflation.... or it will require some rather extreme medicine. Some of us are old enough to remember Paul Volker the Fed Chair in the late seventies and early eighties. They had to raise the Fed rate past 15% to quell inflation !
That's what it took ... however back then they actually had an option to do so, since the Government, corporations and individuals were not stricken with/ buried in debt like now.
They likely won't have the stomach nor the ability to go passed 3 without creating a calamity.
Got gold?
MM