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 …

READ MORE

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 …

READ MORE

While America was distracted, the Federal Reserve Bank of Atlanta revised its GDP forecast DOWNWARD by 41%. Something’s VERY wrong here.

While America was distracted, the Federal Reserve Bank of Atlanta revised its GDP forecast DOWNWARD by 41%. Something's VERY wrong here. pic.twitter.com/kHy0Ujq7AJ — Glenn Beck (@glennbeck) September 13, 2021 🚨BREAKING🚨 Kaplan says he is worried about inflation, after vowing to …

READ MORE

Consumers max out credit cards while inflation hurts savers! Welcome to the Fed’s stagflation trap of its own making.

https://twitter.com/NorthmanTrader/status/1433773069231923205 Services Surveys Scream Stagflation In August As Wages Spike https://t.co/4TmNPaTOYN — zerohedge (@zerohedge) September 3, 2021 Headline #Inflation in the US and Eurozone! pic.twitter.com/0zlw0I991S — jeroen blokland (@jsblokland) August 31, 2021 The U.S. consumer is maxed out. They need …

READ MORE