"It used to be that the Fed would tell us that they wanted CPI to be 2% on average, and I think we've moved to a world where now, very clearly, 2% CPI is the floor."
“I think they have, without stating positively, ditched the 2% inflation target, and they’re looking to cut rates. People say it’s for normalization purposes. They’re looking for any excuse to cut rates.”
A ten-year S&P 500 chart, thanks to The Chart Store:
Save the housing market? Isn’t it still at all-time highs nationally?
Same article:
“Housing isn’t a bubble that is likely to pop overnight, nor can prices be forced lower in the short term with government intervention.”
Forced lower? EVERY single government program is designed to keep house prices higher than they’d otherwise be.
Gold!
Why Gold?
A Chemist Explains Why Gold Beat Out Lithium, Osmium, Einsteinium...
“So we're down from 118 elements to 30, and we've come up with a list of three key requirements:
Not a gas.
Doesn't corrode or burst into flames
Doesn't kill you.
Now Sanat adds a new requirement: You want the thing you pick to be rare….At the same time, you don't want to pick an element that's too rare…
"For the earth, with every parameter we have, gold is the sweet spot," he says. "It would come out no other way."”
I am really tired of my jokes becoming reality…
We may indeed be “90 seconds from midnight,” just not for the reasons the Bulletin of the Atomic Scientists think.
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