Tuesday, March 19, 2024

Tag: Rising Inflation

Rising Inflation, Falling Markets and False Facts All Point to Gold

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    by Egon Von Greyerz, Gold Switzerland:

    In Part I of this two-part interview series with Michelle Makori of Kitco News, Matterhorn Asset Management principal Matthew Piepenburg addresses the latest (and “official”) CPI inflation data. Higher than expected inflation figures sent risk asset markets tanking, but Matthew argues that Powell’s market-crushing rate hikes will likely continue to the tune of another 75 to 100 basis points into the late-September FOMC meeting. That is, the rising CPI numbers offer Powell the pretext for at least one more “Volcker-like” rate-hike to fight persistent inflation, despite the fact that current US debt levels make the 2022 inflationary era nothing at all like the Volcker era of 1980.