1620 to 2450 Recession intervention by Arthur Burn and Nixon 2.0since 1987 every time overbought stock market goes down fed comes to save the rich
which was easy to do because there was no inflation
but post pandemic things changed and they can't do it anymore and result is fed stuck in stagflation
usa recession begin in september 2022 after hawkish 75bps hike but because election
arthur burn rapidly lower the rate hike size from 75 to 25
and later did QE on SVB bank run to stop recession.
Fed didn't stop there to turn recession into a economic boom just one year from election
first fed daly directly intervene bond market to ease high rate fear in bond market than in November fomc fed intently made ultra loose financial condition easing and ignored the inflation rising again by saying bump aka transitory 2.0 to make sure economic boom continue at least through april 2024 in election year
now nixon 2.0 have left you in recession and fed has no recession to intervene recession
because it is already to late to election
if no policy support comes to rescue the economy than gold can peak at 2450
wxy wave ending from 1620 to 2450 with 1.382 projection of wave Y
if powell repeat fed put again which he is doing since 2018
this week boj did to stop black monday market crash than no limit to gold meltup
