Well, when I checked Bitcoin a few minutes ago, it was up a couple of percent so far, that's pretty good. The 7% inflation print this morning also didn't hurt. Amazingly the 2 year note yield is actually flat for the day. Its real yield is something like a minus 6.1% even using the BLS phoney baloney inflation numbers. The real victim of this train wreck is the US dollar which appears to be breaking down from some sort of high consolidation area. Now let's see. If you import everything you use the way the US does and your currency starts losing value the way the dollar appears to be doing which will make all those imported things more expensive, how exactly is that supposed to help with the inflation? The FED Heads must be operating using alternative economics. I just wish that I could shop in a store with alternative lower prices.
Edited by Douglas, 12 January 2022 - 11:06 AM.