Stop looking at goods inflation and oil. The fed cares about wage inflation and services inflation. That is what they are now looking at and that is their focus. Powell is also concerned about his legacy. He does not want to be remembered as the guy who pivoted too soon and caused inflation to come back as Volker did back in 1979-1980.
%% Exactly\ good news + bad news. I record stock\ETF prices more than gasoline + egg prices. BX almost hit $150, in 2022\ bad news its $72, but maybe investors ''woke up''. Warren Buffet called BX \ESG goals ''asinine'' [stupid]. Eggs are a bit hi, but hens tend to lay less eggs in winter; the egg kings + queens @CALM had a super run uptrend 2022. But price calmed down a bit\DEC
What are you talking about? Inflation did not "come back" under Volcker. He actually crushed the inflation so much that it caused a massive recession, far worse than the recessions following the 2000 Nasdaq crash or the 2008 subprime crash.
%% Silver inflation did spike alot\ but he for sure helped crush that attempted silver market corner. Liquidation only made sense , also in hindsight. Personally i would never try to corner the silver +soybean market[ if i couldLOL]\ . Also i think mr Volker took it very personal when[ Bro Hunt ]+ Bunker Hunt said buy silver; any fo*l can run a printing press
Powell's legacy is locked-in: most reckless central banker, world-wide, since formation of Fed, 1913 (possibly excluding Turkey, China, Russia.)
Oil and goods have fallen alot but the fed is looking at wage inflation and services inflation which are still stubbornly high. The fed also seems to focus on speculation in financial markets which they kind of imply.
Stop looking at “ goods inflation” and oil. stop listening to your innervoice. ---> Start looking at inflation impact and also oil. start listening to your outervoice.
Maxinger If you listen to me you may become somewhat successful opposed to being a spoiled brat that trolls this site because you are weak.
IIRC the house changed the rules so that more margin was required for Silver. This is where the Hunts and their Arab friends got fucked and the death-spiral of perpetual margin-calls came in. As Niederhoffer often says, the house always wins. Don't bet against the house. Cornering the market is a fools errand.