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Posted 16 June 2021 - 09:39 PM

and another on point comment from that same poster about today's Fed meeting:
"I think that as people sleep on this tonight they will wake up and realize what the Fed is really saying is "We have to talk about stuff like responsible adults, but we will NEVER, EVER raise rates" because as each year goes by the sheer volume of debt being added to the economy makes the explosion all the larger.

I don't think they can even modestly taper QE anymore without having a significant impact on the economy, especially in the 2H of this year as the Transfer payments/payment moratoriums end.

they are admitting that inflation can be 3 or 4% and they will excuse it."


Got gold/miners/silver?




#12 Russ



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Posted 04 July 2021 - 01:39 AM


haven't even mentioned wage inflation which has gained traction as well


Dharma and I have mentioned the coming "stagflation" for years, well its no longer "coming", it is here. I lived through the stagflation of the later 70's and early 80's when Volker raised rates to 13-14%! I remember being a rookie stockbroker at EF Hutton (are you "listening" lol) cold calling in 1982 with AAA rated Calif munis at 13% - hard to believe that ever happened isn't it?



13%. wasnt NYC 20% at one point? fortunes were made


And the government was the biggest borrower, they were shooting themselves in the foot by having high interest rates. The whole system will implode eventually according to Armstrong, the 'crash and burn' of western civilization, probably after 2032.95. Debt is not good in the long run. 

"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong