Ann: BFS Advisory Committee Appointed, page-12

g’day Tran.

I’m with you on the $2.

i’m not so sure the current market correction is just noise. The fed have once again screwed up by the numbers. They are always too late to move. Now we have a triple whammy in play:
rising rates
slowing then stopping QE
& then to slam it all down, they have 7%+ inflation.

recipe for disaster imho.

when they finally realise they’ve got it wrong.... again and move, it will likely be too late, as usual.

this quote from Powell sums up just how out of touch they are:
“Fed Chair Jerome Powell claimed during his post-meeting press conference that the central bank has "quite a bit of room" to raise interest rates before it would harm the economy.”

So he said it won’t harm the economy so it won’t. Yeah right.

look out below.

cheers,

ned.
u