and as they pull out the money is going to OandG. XOM for instance after getting pounded by the powers to be all last year including removing the company from the indexes, is now around 60, still paying a 6% dividend, after a run up from near 34 late last year.
I howled when I heard the Fed Chief say that rates were trending up a tad but they were holding to their free money plan. IOW, we will continue to print worthless script currency to keep fueling the deficit spending. More dollars, less goods equals rampant inflation, not the tame variety. Look at the housing market. One can put their arms around a house figuratively. That is why the prices are zooming beyond belief. Farm land, same thing. People have an instinct to what is happening and the instinct now is to buy hard assets or invest in firms that actually make money as the cost of their products go higher.
“we will continue to print worthless script currency to keep fueling the deficit spending.”
THEY..will continue.
The problem is that the gubermint has so much debt that a minute increase in interest will result in the increase of the expense of that portion of the debt. The result. if they increase interest rates, will be that interest payments will be the biggest part of the budget.