fomc member repeatedly saying this is not stagflation like 1970s
but gold bug on social media constantly pump stagflation narrative after gold historic run from $2000 to $3000 in just one year
with usa cpi and gold chart in one image you can get idea
how gold moved in last stagflation crisis with big political news : when paul volcker comes into fed and when Ronald Reagan wins election
gold first makes double top before multi year bear market
inflation peaked after volcker get fed control but before election result.
is this is really replay of 1970s ?
we got same old president trump and same old fed chair powell
✅ biden forced fed to do big size 50bps cut pre election to choose inflation over higher unemployment which is stagflation
✅ in his first term trump in election year March 2020 use covid as excuse to cut 0% and do QE and trillion dollar fiscal policy stimulus check. choosing inflation over high employment which is stagflation but it was biden who has to face most of the inflation spike to 9%
✅trump raise tariff to 100 years high to choose high employment over inflation which is recession
✅ in next 4 years it will be clear is this replay of 70s or not.
in future we will have more inflation and gold price data to confirm
but gold bug on social media constantly pump stagflation narrative after gold historic run from $2000 to $3000 in just one year
with usa cpi and gold chart in one image you can get idea
how gold moved in last stagflation crisis with big political news : when paul volcker comes into fed and when Ronald Reagan wins election
gold first makes double top before multi year bear market
inflation peaked after volcker get fed control but before election result.
is this is really replay of 1970s ?
we got same old president trump and same old fed chair powell
✅ biden forced fed to do big size 50bps cut pre election to choose inflation over higher unemployment which is stagflation
✅ in his first term trump in election year March 2020 use covid as excuse to cut 0% and do QE and trillion dollar fiscal policy stimulus check. choosing inflation over high employment which is stagflation but it was biden who has to face most of the inflation spike to 9%
✅trump raise tariff to 100 years high to choose high employment over inflation which is recession
✅ in next 4 years it will be clear is this replay of 70s or not.
in future we will have more inflation and gold price data to confirm
Note
when inflation start falling from its peak powell rapidly pivot to monetary policy easing but decreasing cut size from 75bps to 25bps meeting by meeting and doing emergency QE by using SVB crisis as excuse to choose inflation over high employment because of this stagflation there was no recession under biden term
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.