Jay Powell: A Breathing Weapon Of Mass Destruction?
Jay Powell: A Breathing Weapon Of Mass Destruction? Authored by Matthew Piepenburg via GoldSwitzerland.com, Below we track how the Powell Fed serves as a contemporary weapon of mass destruction. Powell’s so-called “war against inflation” will fail, but not before crushing everything from risk asset, precious metal and currency pricing to the USD. As importantly, Powell is accelerating global market shifts while sending a death knell to the ignored middle class. Let’s dig in. The Fed: Creators of Their Own Rock Hard Place In countless interviews and articles , we have openly declared that after years of drunken monetary driving, the Fed has no good options left and is literally caught between an inflationary rock and a depressionary hard-place. That is, hawkishly tightening the Fed’s monthly balance sheet (starting in September at $95B) while raising the Fed Funds Rate (FFR) into a recession was, is and will continue to be an open head-shot to the markets and the economy
Jay Powell: A Breathing Weapon Of Mass Destruction?
Jay Powell: A Breathing Weapon Of Mass Destruction? Authored by Matthew Piepenburg via GoldSwitzerland.com, Below we track how the Powell Fed serves as a contemporary weapon of mass destruction. Powell’s so-called “war against inflation” will fail, but not before crushing everything from risk asset, precious metal and currency pricing to the USD. As importantly, Powell is accelerating global market shifts while sending a death knell to the ignored middle class. Let’s dig in. The Fed: Creators of Their Own Rock Hard Place In countless interviews and articles , we have openly declared that after years of drunken monetary driving, the Fed has no good options left and is literally caught between an inflationary rock and a depressionary hard-place. That is, hawkishly tightening the Fed’s monthly balance sheet (starting in September at $95B) while raising the Fed Funds Rate (FFR) into a recession was, is and will continue to be an open head-shot to the markets and the economy