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https://www.zerohedge.com/markets/solid-gold-broken-world
Below, we look at gold in a broke(n) world of hubris, debt, Realpolitik and a rising east.
For well over a year, we’ve openly declared that the Fed is cornered.
That is, Powell knows he needs higher rates to allegedly “fight” inflation but also knows that raising rates into an historical debt bubble means one “credit event” (or “crunch”) after the next, from tanking USTs in 2020 to tanking banks in 2023.
It seems only now that the WSJ (Mr. Timiraos), along with a former Indian central banker (Mr. Rajan) is confessing the same. |
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