The Fed's enormous, unforgivable miss on inflation

Inflation is politically unpopular.

"I grew up in France, so I had a good dose of Marx in my education. The first thing Marx teaches you is that revolutions are typically the result of inflation."

Louis-Vincent Gave

“Gold stocks are one of the best performing groups this year. The GDX share count has fallen by almost 15% - particularly in the last two months, as they’ve taken off….not only are people not investing in gold equities, and liquidating, at least via the ETF’s, but they’re actively betting against them.”

- comment from a very glitchy Twitter Spaces recording I came across, hosted by Mike Green

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