You don’t need a weatherman to know which way the wind blows
Lord, writing about money, you should be making a lot of it to write about it, just like writing about oil. Funnily enough, when I was at a young impressionable age, both were on the front pages, seemed to me they were both important, so I started learning about them. Over too long a time I came to realize people didn't care anything about either, unless the cost was too high or you couldn't get it.
My eyes were really opened about money reading William Greider's, Secrets of the Temple. That's the first time I realized whatever currency used, money is just created. A realization Greider joked to me later in conversation, similar to telling people, “There is no god,” then he hardily cackled through a throat which had passed decades of filter-less Camels.
It's pretty clear we've entered a new inflationary era, the first since the 70s, so scream the headlines of our august global financial press. Here's one clue about inflation, economists haven't a clue, but why should that be different than anything else? One thing dissimilar from this inflationary period is there's a lot more debt around than the last, like exponentially more.
The Fed will raise rates, cause that's what they know. Money hates inflation, the Fed will react from scorched memory, like old Boomers who hid under their school desks against commie nuke attacks. From behind, just whisper in their ear, “Ruski, Ruski,” watch the immediate cowering, followed instantaneously, as instant as they can get these days, by an overwhelming urge to strike.
The Fed will raise rates, bonds will respond, and then....place your bets. Inflation will be here to it's resolved – one way: purposefully destroy a lot of bad debt along with changing the oil economy that helped create it. That would in no way be easy, the highest and most radical political art.
yeah but if they raise rates…the stock market bubble will burst. can’t have that!