Barclays Bk PLC iPath Dow JonesUBS Platinum Subindex Total Return ETN Exp 24th Jun 2038 V.PGM

RE:RE:Inflation driven investing

[kirk15]

in his presser Powell admitted that the Fed was too slow to respond to the increased liquidity, and the early signs of inflation. CB's around the world have all fallen into the same trap, too much liquidity for too long, gov't spending leading to greater deficits, Covid supports, and the fear that if the boozy punch bowl is taken away that equity markets would suffer. The perception of Presidents and Joe Normal is that the +/- of the Dow is an indicator of financial health is completely wrong headed, but that's it and it won't be changed.
I agree a more aggressive posture is/was needed from the Fed and others CB's, but this too is affording us opportunity, I would say fire away and push rates harder, but they are deathly afraid of killing the goose that has been one of the greatest wealth creators of our time.
I disagree on the pain idea, I traded and lived through Paul Volker and Gerald Bouey inflation busting effort, oh there was pain alright.
The problem with the gold standard is that large quantities of gold are hard to move, this doesn't work in our digitized world of instant transfers and payments, and is one of the reasons the Bank of Canada sold all of our gold reserves to hold things like SDR's. Now you are into the discussion of fiat vs physical, and that one is well worked over by greater minds than mine.