Bills fan. Art fan. Truth fan. DoubleLine Founder.
It’s only one indicator, but one that has been particularly useful: the Copper/Gold ratio suggests the 10-year US Treasury fair value yield is below 2%.
A relative of mine in middle America just had her rent contract expire. The re-up for the next twelve months is up over 40% from last year. Let’s see how far from reality the shelter component of the CPI is tomorrow.
Excessive stimulus caused inflation. An intelligent twelve year old was able to predict it. Ms. Yellen, long serving Fed Chair…..yes, Fed Chair,…admitted today she was not. On the inflation bright side, and it is a very bright side, Build Back Biden did not pass.
The U.S. Treasury Department today admitted to a $3 Trillion “borrowing” need in the next quarter. (I’ll take the “over”.) If endless borrowing is a viable solution, why did we have any taxation in the first place?
I doubt I am the only person frustrated by National-Debt-financed bailouts of companies that leveraged up large to buy back stock to levitate share prices to enrich shareholders and company executives.