Loading ...Not sure why I actually post these things, because I’m not sure they matter all that much.
Nevertheless, seems pretty mild and tilted in our favor. Nothing that would indicate the pop we got yesterday.
CFTC Commitments of Traders Report – CMX (Futures Only)
Thinking about Waller’s comment that the Fed may reverse QE/twist etc. If the Fed were to reverse course, it seems that the dollar would crater, not necessarily against the other dead currencies in the basket, but against real goods. Yesterday for example, the dollar only fell slightly against the other fiat, but fell against gold, silver, the stock and bond market, crypto, etc. Went to the store yesterday and bacon and hamburger were up 10% from last week.
Maybe what we’ve been seeing is the Zimbabwe rally in paper for the last few years? I get this bad feeling that inflation may explode, regardless of whether the Fed cuts or not. I don’t see how they actually can cut, and yet they almost have to in order for Gov’t. debt to be manageable. Seems everything except housing is in this massive bubble.
People are getting rich in stocks and crypto as they’ve outperformed gold and everything else by a wide margin, but how will they do in a banking/economic crisis? Will crypto be widely accepted at Walmart and other stores and businesses at crunch time? Certainly, if we have a grid problem, how would they be accepted? Then again, will gold and silver coins be accepted in that environment?
Trying to predict the future is a fruitless task. I get this feeling that this is the shaky calm before a massive storm, and a lot of people are being lulled into a sense of security with their paper wealth, just as at the same time, the poor are getting much poorer. Can the rich survive without the poor? Somehow, I don’t think so.
Sorry for the Saturday morning babble.