by Chris Black
Bonds, Bullion, & Black Gold Battered As Hawkish FedSpeak & Inflation Fears Lift The Dollar https://t.co/x8LjjhPw6a
— zerohedge (@zerohedge) October 2, 2023
You can’t fix structural problems with a fresh coat of paint and saying everything looks good.
The Fed broke everything in 2009.
They managed to blow the biggest bubble of all time, but a bubble is just filled with air, supported by its ever expanding surface, getting thinner as it grows.
Apple is worth $3 trillion, but the actual worth to the world is zero.
If the company disappeared tomorrow, everyone who doesn’t own anything Apple would never notice.
Those that do would just need to buy a new phone.
Not an end of the world situation.
A sign of economic apocalypse is the fact that homes are unaffordable in 99% of the country.
That says that jobs can no longer provide a basic lifestyle.
No Gavin, making fast food places pay workers $20 an hour isn’t going to fix that.