Powell: A Breathing Weapon of Mass Destruction
The comments below are an edited and abridged synopsis of an article by Matthew Piepenberg
Piepenberg discusses how Fed Chair Jay Powell serves as a contemporary weapon of mass destruction.
Powell’s so-called war against inflation will fail, but not before crushing everything from risk assets, precious metals and currency pricing to the US dollar. Just as important, Powell is accelerating global market shifts while sending a death knell to the ignored middle class.
Up for discussion: The Fed: Creators of their own rock and hard place; America can’t afford Powell (or his rate hikes); the credit markets are screaming “Oh-Oh!”; a summer of credit drought; the dangerous US dollar Powell ignores; emerging markets looking east, not west; gold is waiting for the US dollar to snap; a Comex in transition; for now, more lies, empty phrases and distractions; and translating Powell’s ‘softening demand.’