Markets blessed Fed’s decision to begin tapering. Jerome Powell says the economy is healthy but requires the monetary policy of an economy in crisis. Full employment is subjective and rarely achieved. Powellnomics: It’s inappropriate to have interest rates above 0% in an economy that’s not at 100% employment. Fed knows the economy is hanging by a thread, and that thread is 0% interest rates.
It doesn’t matter who the President of the United States is. What matters is who runs the Federal Reserve. Dollar falling may be investors buying the rumor and selling the news.
No bad news in sight for gold, and no good news in sight for the dollar. Don’t pick up pennies in front of steam rollers. Zillow’s moronic house flipping business model caves.
Don’t confuse brains for a bull market or a bubble. Taper is fully priced into the gold and silver market. Don’t jump onto a moving train; get on it before it leaves the station.
Video Length: 00:55:47
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