RE:RE:RE:RE:Are more throwing in towel?What a pickle, how can Powell stop tightening? We are on the cusp of late 70's style inflation. You think turning on the spigot of helicopter money will make the situation better?
We all know that most of the value of the general stock market is all smoke and mirrors, pumped up by decades of easy money (i. e. quantitative easing). Shouldn't we get back to normality at some point?
Need I remind you that for the majority of our republic's history, we had little to no inflation (due to sound money). Normal is not double digit inflation with the DOW tacking on thousands of points annually. We live in fantasyland right now.
I agree with you that Powell is stuck: he either sacrifices the economy and the stock market or he sacrifices the USD and the power that comes along with being the world's reserve currency.
Either way the FED is f***ed. Sacrifice the economy and they break one of their primary mandates (full employment and a sound economy). Sacrifice the USD and they break their other primary madate (low inflation and a sound dollar). The public is now seeing these fraudsters for who they really are!!
In the end, the FED's days are numbered. Won't you be glad you've loaded up on WRN once we return to gold-backed money? To understand our future, you have to understand our past. The Founding Fathers were so much wiser than most of the politicians we've seen recently.