Bill’s Commentary:
“More on silver from two legends.”
Bill’s Commentary:
“No matter what name they put on it, buying Treasuries is monetizing the debt…”
Fed meeting recap: Fed’s starts stealth easing, Powell rules out hike and markets rally
The Federal Reserve announced Wednesday a quarter percentage point, or 25 basis point, cut to its overnight lending rate, bringing the targeted range to between 3.5% and 3.75%.
However, the third interest rate cut of the year was far from an easy decision, with some members favoring cuts to head off further weakness in the labor market and others thinking the easing has gone far enough and threatens to aggravate inflation.
The increasingly divided Federal Open Market Committee made its call with a 9-3 vote. Chicago Fed President Austan Goolsbee and Kansas City Fed President Jeffrey Schmid both voted for no decrease, while Federal Reserve Governor Stephen Miran called for a half-point cut.
Yes they are, Bill!
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Reminds me of the story of King Louis the XVI issuing assignats in a mad bid to save the dead Franc. Aggravating inflation is an understatement. “There Will BE Blood.”
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Hi Bill Would this be a good time to trade silver for gold @ a current ratio of 67 to 1 ?
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way too early
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Thank you pamelamoves@gmail.com
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