Powell Flags Rising Inflation Risk While Playing Down Rate Hikes (US Dollar, 10Y Treasury Yield, Gold Fall With Powell’s Comments)

by confoundedinterest17 Like the old EF Hutton ads, “When Powell speaks, people listen.” Federal Reserve Chair Jerome Powell sounded a note of heightened concern over persistently high inflation as he made clear that the central bank will begin tapering its bond purchases shortly but remain …

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The Illusion of Getting Rich While Producing Nothing

by Charles Hugh-Smith By incentivizing speculation and corruption, reducing the rewards for productive work and sucking wages dry with inflation, America has greased the skids to collapse. Of all the mass delusions running rampant in the culture, none is more …

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