Too early my friend, it'll get there but this market needs to go through its ups and downs. Also, by the time we get there $10 may not to have the same value $10 have today. I believe inflation is creeping upon us, it'll be Jimmie Carter's / Reagan's inflation mess all over again, just the president names will be changed for the recent and current ones.
regards!
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Yeah, central banks have pretty much run out of options. Quantitative easing is really all they have. What’s next, helicopter money? If they do that, I’m going all-in on crypto and silver.
Exactly, And even with all that easing, they havent gotten inflation. We should have seen 3%-5% with the money they threw around.
A slight pullback in the economy and they are going to have to drop the rates rapidly again.
Part of the problem is that they believe their own bogus numbers. The official CPI is almost certainly grossly understated and http://www.shadowstats.com/alternate_data/inflation-charts is probably closer to the truth.
That is true..most of the government's numbers are total farces....
Like the unemployment number...other than charting trends, really doesnt tell much of a story.
Can't wait for a 10 dollar loaf of bread..
I dont buy the inflation argument. The Fed has been trying for that for 10 years...going through unprecedented easing yet has hit the 2% mandate only a couple time. They parked $13T in the banks vaults and still couldnt get it. We are on two decades without wage growth plus more of the economy is under the laws of IT.
That is a deflationary rate they cannot win against...and I dont think the Fed/Congress is even slightly aware of that. Their tightening is only going to put a foot on the throat of the economy, one which isnt quite as hot as they advertise.