https://www.wsj.com/articles/ecb-launches-major-stimulus-package-cuts-key-rate-11568289016 ECB printing presses at warp 8.
https://twitter.com/realDonaldTrump/status/1172120964232093697
"European Central Bank, acting quickly, Cuts Rates 10 Basis Points. They are trying, and succeeding, in depreciating the Euro against the VERY strong Dollar, hurting U.S. exports.... And the Fed sits, and sits, and sits. They get paid to borrow money, while we are paying interest!"
We literally have a sitting US president crying on social media about how the ECB is printing money faster than the FED and winning the printer of the year competition. This jawboning of the FED is unprecedented and so far has worked very well to force them to bend to printer in chief's will. No doubt it will continue to work and the FED will cave over and over.
With all this money printing going on across the globe Im starting to really increase my projections of where the highs of this current Bull Cycle will take us. 100k is looking more like childs play and about 250k seems a more reasonable target to hit in the next 3 years. Big Macs will be about 10 bucks a pop by then, but who gives a damn, we will be rich af.
TLDR: ITS HAPPENING
https://twitter.com/realDonaldTrump/status/1172120964232093697
"European Central Bank, acting quickly, Cuts Rates 10 Basis Points. They are trying, and succeeding, in depreciating the Euro against the VERY strong Dollar, hurting U.S. exports.... And the Fed sits, and sits, and sits. They get paid to borrow money, while we are paying interest!"
We literally have a sitting US president crying on social media about how the ECB is printing money faster than the FED and winning the printer of the year competition. This jawboning of the FED is unprecedented and so far has worked very well to force them to bend to printer in chief's will. No doubt it will continue to work and the FED will cave over and over.
With all this money printing going on across the globe Im starting to really increase my projections of where the highs of this current Bull Cycle will take us. 100k is looking more like childs play and about 250k seems a more reasonable target to hit in the next 3 years. Big Macs will be about 10 bucks a pop by then, but who gives a damn, we will be rich af.
TLDR: ITS HAPPENING
I think that instead of the 50 year and 100 year bonds and negative rates, bond market will turn around and "bite" them.
Perhaps, that tweet would be considered as a historical mark...that said, numbers already turned around and we had 2.4% "official" inflation in August.
Easing in these conditions is simply crazy, but let's see what happens..they would do it at least once in all likelyhood.
Boomers had their inflation peak in 1980-1982 when the cohort was 16-38 years old.
The Millennial cohort is there already, so it (much higher inflation) WILL happen soonish (within 5 years), IMHO.
