US dollar would tank if traders understood implications of economic data. Trade deficit continues to break records month after month. Strong economies have trade surpluses; we have a bubble economy. We’re only consuming and importing because we’re printing a currency the world still values. Massive trade deficits aren’t a problem
Elon Musk needs a rocket ship to find Tesla’s PE. Bakkt Holdings rises on crypto partnership with MasterCard. Jack Dorsey warns of imminent hyperinflation. Stanley Druckenmiller doesn’t realize the Fed is the problem. When politicians aim their weapons at the billionaires, they always hit the middle class the hardest.
Netflix and Tesla stocks make all time highs. Trump SPAC makes a splash. Investors buying WeWork SPAC are putting lipstick on a pig. Gold price gains on inflation news, which means bigger gains may be around the corner. Oil price increases while oil production decreases. Inflation in 2022 will eclipse
Bonds are never a safe haven against inflation. Consumers can’t afford to buy houses for what it costs builders to construct them. Zillow bails on home flipping business. Biden describes inflation as a high class problem. US government now using Soviet propaganda tactics to explain inflation. Bitcoin futures ETF BITO
The inflation that we were emphatically told would be transitory and unmoored continues to persist and entrench. As the troubles gather momentum Washington is doing its best to ignore the problem or actively make it worse. The latest batch of data shows that the Consumer Price Index rose 5.4% in
Markets turn risk on. Producer prices rise to levels not seen since peak inflation of the 1970s. Inflation is double the Fed’s benchmark now and will be triple by year end. Bitcoin rallies on ETF news, but will likely sell off on ETF launch. Putting profits first is putting people
Expecting accurate inflation reports from the government is like expecting accurate crime reports from the mafia. Dollar falls and gold rises as investors begin to see through Fed’s fantasies. Inflation is here to stay and markets may finally be acknowledging that reality. Only the government can make the prices of
Jobs numbers come in lower than anyone expected. Investors aren’t buying gold as an inflation hedge because they don’t think there is any real inflation to hedge. Buying gold won’t be as hard as selling bitcoin. US lead tax cartel pushing the world to less freedom through collusion.
Gold stocks going down because investors are disappointed they aren’t going up. Fed President Jim Bullard admits inflation is here to stay. The digital revolution has made gold more valuable than ever. Jerome Powell on the chopping block means the Fed’s composition may soon change for the worse Janet Yellen