With all the bluster about "patience" and "considerable time", today Turd takes a few minutes to explain in detail exactly why The Fed will not, and can not, raise short-term interest rates. Not today. Not next month. Not next year. If they do, they will surely wreck whatever is left of "the economy".
So a slightly different format and presentation today. First, when we're done, please be sure to read this very important link from David Stockman: https://davidstockmanscontracorner.com/todays-dip-is-a-warning-get-out-o...
And there's still time to register to join us for A2A tomorrow with Chris Martenson: https://attendee.gotowebinar.com/register/7419043033476580610
We discuss these three charts and the general disinflation tone of the markets:
Finally, we spend the balance of this podcast attempting to discuss something called "the yield curve", what it signifies and what it indicates if it is positively-sloping or flat or negatively-sloping. IT IS MY INTENTION AND HOPE that this simple discussion helps illustrate for you the fallacy and outright lies of the misinformation and SPIN being spoon-fed the masses through the Fedlines and outlets like CNBS.
These five, simple charts in order will make things very clear for you:
I hope that this makes sense and I hope it clears a few things up for you. Of course, maybe The Fed is so stooopid that they really will go ahead and completely wreck things again by raising short rates. Meh. Whatever. In the end it doesn't really matter. My physical metal has never been more valuable and the value of it increases with each passing day.