The U.S. government is functionally bankrupt and the Federal Reserve has no palatable options. From Matthew Piepenburg at goldswitzerland.com:
Below, we look at debt forces alongside supply and demand forces to help investors see (and prepare for) the darker forces within an entirely rigged end game and shifting financial backdrop.
As usual, the end game will boil down to yield curve controls and more money printing, which means more currency debasement and a central bank system that secretly (and historically) favors inflation over truth and markets over Main Street.
2018: A Template for 2023
Throughout the entire year 2018, as the Fed forward-guided rate hikes at 25 bps a pop, I warned investors of a massive year-end correction and to prepare their portfolios accordingly.
This required no tarot cards or market-timing hype.