Inflation: The next stage of the Global Financial Crisis 2007-2031

Blain’s Morning Porridge/Bill Blain

Repost from 7-16-2021

graphic image of a no exit sign“Fed watching today is about understanding how Jerome Powell and his merry gang are now hamstrung and tripping over themselves about not spooking markets over rate rises, taper-talk or doing anything that might unwind what they’ve being doing the last 12 years – frothing markets with unlimited QE, inappropriate rates, regulation and spin. The brutal reality is the Central Bankers, who are all honourable men and women, understand the levers they pull no longer function as they once did. Why? Well, these honourable men and women have broken the system as a consequence of their actions. Oops. Now they have no choice but to follow…which means trouble ahead until the global financial system can be resolved.”

USAGOLD note: How that will be resolved is anyone’s guess. Now, says Blain, the financial asset inflation ignited by central banks everywhere is spilling into the real economy.

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