Oldsouljer said:
caryking said:
Oldsouljer said:
caryking said:
Oldsouljer said:
The ongoing bond market crash of the past month has hammered the precious metals but not as badly as you might think. Down over a hundred dollars, I'd have predicted at least $300 down which demonstrates gold's relative strength. After a weeks-long beatdown, gold went vertical tonight with a pattern suggesting more upside to come. Part of that is likely because a relief rally is about to start for Treasuries but I doubt it will last long.
What is REALLY interesting about where we are now, is that the Fed has to pick its poison. Buy bonds to stabilize all markets and let inflation's afterburners kick in, or don't, and watch an eventual market meltdown of unprecedented scale leading to social unrest, political upheaval, and more war.
Hasn't the Fed sold roughly 1T in bonds recently?
I think that's ballpark, they have reportedly reduced their balance sheet. But their damned finances are as arcane as particle physics, it's hard to figure them out. One reason is that their past Treasury purchases are technically underwater now, and by a significant margin, such that some have said that the Federal Reserve has taken a loss for the first time in its history. The problem is that the Fed, like a black hole, seems to distort the laws of physics and finance in ways that just don't make economic sense. But if the Fed doesn't buy Treasury's now, the bond vigilantes are treating Treasuries like junk and demanding ever-increasing premiums for the risk of holding this stuff. That's why this thing is getting scary.
Do you blame them? We have to balance the budget immediately!
Love him or loathe him, Matt Gaetz seems to be the only one willing to call out the precarious state of U.S. finances.
I agree! In fact, we wouldn't have the ability to call certain things into account, without his actions this year. Too many people are Party first people…
I am a Republican through and through; however, I know the Party has significant flaws and, more importantly, I appreciate people like Matt Gaetz calling things out, where needed. Unfortunately, for the country, we don't have a similar Democrat doing the same thing to their party.
On the illegal or criminal immigrants…
“they built the country, the reason our economy is growing”
Joe Biden