Lael Brainard is rumored to be the next Fed chair after Jay Powell's term is up in February. She would make Powell look like Paul Volcker.Clear signs of tapering coming as well.
Going to be interesting to see what happens in the new year
Lael Brainard is rumored to be the next Fed chair after Jay Powell's term is up in February. She would make Powell look like Paul Volcker.
Fed people are talking about tapering the money printing. Currently printing $120 billion a month. 80 billion of us debt and 40 billion of mortgages. Will be interesting to see if the markets can handle this if the Fed follows through.
Not good for the Petrodollar
Inflation is really going to take a bite out of the economy. I hope the 40 million that voted for this are happy.
Own something! Your car, stocks, businesses, land, art ..... don't have too much money just sitting around in a savings account. We have a few more years of inflation coming, its not too late.
The best hedge versus inflation it to own assets. The next best hedge is your job / education / ability to earn new dollars.