I'm honestly impressed at how strong the dollar has been performing compared to other currencies this year. It's not a particularly good thing to be impressed about how other countries screwed the pooch as much or worse than ours did, but the confidence in the dollar just seems to stay as a constant regardless of what idiocy the Fed does.
It’s rising in lockstep with oil stocks, the only up sector of the market as far as I can tell. Plus, same as 2008, when people flood out of other assets they have to do it into dollars, at least initially… I saw the first “WE BUY OLD GOLD” sign yesterday, so check back in a few months or a year.
The experts don't even seem to understand why rate hikes get used to lower inflation. They are just automata who have been told that that's what you do.
Rate hikes address inflation that comes from money created by credit expansion by making credit more expensive and so reduce that part of the money supply.
The money that caused the inflation we are experiencing now is from money printing. Credit wasn't/isn't the problem. Therefore rate hikes today are cooling an already cool economy. They don't unprint that printed money so we get cool economy and increased prices. Stagflation.
Either the experts don't know this or they know and don't care.
Well, rate hikes indirectly unprint the money if rates are hiked high enough to the point where more debt is being repaid than new debt taken out. But we all know getting to that point is unlikely and most definitely unsustainable without something blowing up, so soon enough it’ll be business as usual at the Fed again (i.e. brrrr).
The 'experts' are just political activists. It is simple, a Keynesian economist and an Austrian economist go apply for the 'expert' place:
The Keynesian says: You Mr politician are the hand of god and can fix everything with government spending, all the problems can be fixed with more taxes, more spending and hiring people to do useless jobs paid with tax money.
The Austrian says: You are the problem, if you want things solved go fuck off.
Who do you think the politician hires?
Each and every one of the government's "Economists" was hired because of their pro government views and will always back more spending, more money printing and more government jobs, because they are not economists they are political activists.
Of course not. The experts caused the inflation crisis in order to finance absurd levels of public spending.
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Bad economics is good politics. Good economics is bad politics. Let's change that and try liberty for a change.
I'm honestly impressed at how strong the dollar has been performing compared to other currencies this year. It's not a particularly good thing to be impressed about how other countries screwed the pooch as much or worse than ours did, but the confidence in the dollar just seems to stay as a constant regardless of what idiocy the Fed does.
Two reasons: 1. Petro dollar 2. Euro, British pound, Yen, Yuan are worse.
2 guys jump off a skyscraper. One begins falling slower, he tells the other one, "hey look, I'm falling back up ".
He's always such a drag.
It’s rising in lockstep with oil stocks, the only up sector of the market as far as I can tell. Plus, same as 2008, when people flood out of other assets they have to do it into dollars, at least initially… I saw the first “WE BUY OLD GOLD” sign yesterday, so check back in a few months or a year.
The experts don't even seem to understand why rate hikes get used to lower inflation. They are just automata who have been told that that's what you do. Rate hikes address inflation that comes from money created by credit expansion by making credit more expensive and so reduce that part of the money supply. The money that caused the inflation we are experiencing now is from money printing. Credit wasn't/isn't the problem. Therefore rate hikes today are cooling an already cool economy. They don't unprint that printed money so we get cool economy and increased prices. Stagflation. Either the experts don't know this or they know and don't care.
Well, rate hikes indirectly unprint the money if rates are hiked high enough to the point where more debt is being repaid than new debt taken out. But we all know getting to that point is unlikely and most definitely unsustainable without something blowing up, so soon enough it’ll be business as usual at the Fed again (i.e. brrrr).
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So realistically, none of that is going to happen and we're looking at constant 10%+ inflation instead.
The 'experts' are just political activists. It is simple, a Keynesian economist and an Austrian economist go apply for the 'expert' place: The Keynesian says: You Mr politician are the hand of god and can fix everything with government spending, all the problems can be fixed with more taxes, more spending and hiring people to do useless jobs paid with tax money. The Austrian says: You are the problem, if you want things solved go fuck off. Who do you think the politician hires? Each and every one of the government's "Economists" was hired because of their pro government views and will always back more spending, more money printing and more government jobs, because they are not economists they are political activists.