We are stuck in a mild stagflation at the moment. Not getting the needed growth from Big Beautiful Bill yet. Tariffs, IMO, could be helpful longterm, but are part of the problem right now.
Should have been .50%.
Well the bank is already hitting the interest rates on my savings account. Money that I need going down the tubes. People that try to be responsible always get the shaft in this world. People that borrow, default and go bankrupt get the high end of the deal. And here comes another hit on the crack pipe.
The feds policies should not be contingent on employment at all. This was something cooked up during the Carter years. The fed needs to be concerned about dollar stability period.
Yeppers…rate cuts very, very, very good for PM’s.
Gold Price Performance USD
Change Amount %
Today +25.44 +0.60%
30 Days +96.81 +2.36%
6 Months +882.23 +26.53%
1 Year +1,486.21 +54.62%
5 Year +2,367.12 +128.65%
20 Years +3,680.14 +698.47%
goldprice.org - 15:43 NY Time
Silver Price Performance USD
Change Amount %
Today +1.46 +2.43%
30 Days +9.43 +18.52%
6 Months +24.22 +67.01%
1 Year +28.35 +88.57%
5 Year +36.41 +152.12%
20 Years +51.35 +570.29%
silverprice.org - 15:45 NY Time
A. Ghoulsee was an Obama flunkie. Smiles too much.
Ford for thought:
Avg inflation last 50 years: 3.8%
Last 20 years: 2.75%
Last 10 years: 3.1% (Avg is higher due to temporary COVID spike to 9%).
There is no big inflation problem, yet.
I may be wrong, but I always figured that although inflation may be down, it is still based on highly inflated prices mostly created during the Biden administration. That wiuld mean that much of the reduced-inflation prices are still too high.