Yes, a lot of mind-twisters these days
Maybe something in the air or water?
I am wondering when Jerome Powell is going to tell us the truth about productivity gains, that be universal equalization of cost and leveling of revenue, and about the stock market, that it is a proxy for monetary inflation in favor of the have against the interest of the have-nots
Let us be fair, lots of folks, including Jerome, are being vague on the details
Re Jerome spin, “you wouldn’t want to bet against [essentially meaning the “FED”] ...”, we must ask why not
As long as Jerome refrains from dragging in the inconsequential dividend payments of the stock aggregates I shall hold off on the reckoning of imputed option premiums along the way
2020 Krugerands continue to be unobtainium in my adopted home, as we meander into Day 79 in Cape Town even as our stay in HK of 60 2020-days rapidly becoming a vague memory. What a year! Nearly half gone and no plans to do anything other than wait & see, watch & brief, eat & nap, ...
Presumably at some juncture the unwashed are going to figure out that trouble-free dollar-cost-average savings program in gold beats passive speculation in shares. Also, given that Warren Buffett cannot beat gold, what chance is there for the vast majority money managers?
Fighting the FED is a bi+ch, Jerome is correct as he works to boost gold supply in nominal terms, more dollars worth of gold even as the mines and mints and sales outlets were shut down.
Was only able to find photos of 2020 Krugerands, and I am at where the little things are manufactured!
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