BUT WHO CARES...! IT'S ALL ABOUT SAVING THE VARIOUS BUBBLES NOWADAYS...
THE US ECONOMY IS COMPLETELY DEPENDANT ON IT'S ASSET BUBBLES... THE REAL MACRO ECONOMIC SITUATION HAS BEEN IGNORED FOR SO LONG...THERE IS SIMPLY NO TURNING BACK TO "REAL" FUNDAMENTALS...
CAN THE ASSET BUBBLES BE SAVED IS THE ONLY QUESTION THAT IS RELEVANT TO THE US ECONOMY NOW... AND THE ANSWER SEEMS TO BE YES!... BUT ONLY BY CONTINUOUSLY DEVALUING THE DOLLAR...
A RETURN TO RATE HIKES, ALA THE 1970's, IS OFF THE TABLE INDEFINITELY BECAUSE THE FED IS ESSENTIALLY STOOGING FOR THE SPECULATORS ON WALL STREET... AND IT ALWAYS HAS BEEN SINCE THE GREENSPAN BUBBLE DAZE OF THE 1990's...
SO...
SLOW DEVALUATION. BASHING GOLD AT EVERY OPPORTUNITY. AND RATHER UNFORTUNATE INFLATION ARE THE RESULTS OF THIS DISMAL STATE OF AFFAIRS...
