Gold Soars 2% On Failure Of Fed And Bank Regulators

confoundedinterest17 #bubble, #inflation, #wine, @MetreSteven @JeffSnider_AIP @DiMartinoBooth @bondstrategist @RaoulGMI @LukeGromen @dlacalle_IA @EconguyRosie @profplum99 @SantiagoAuFund @biancoresearch @pboockvar @SriKGlobal, Agency MBS, Bank of England, Bank of Japan, Banking, Bernanke, China, CMBS, CRE, Credit, Currency, ECB, Economy, Existing Home Sales, Fed, GDP, Gold, Housing, Inflation, Mortgage, Natural Gas, New Home Sales, Oil, Pension, Powell, REITs, Silver, Taylor Rule, Treasuries, Treasury, Uncategorized, Volatility, Wages, Yellen March 13, 2023March 13, 2023 1 Minute

All together now. The Fed has been printing too much money for too long and Biden restricts fossil fuel production. Ad in rampant Federal spending and we have INFLATION. Inflation led to The Fed to raise rates. And with rate increases and down go the banks.

Of course, The Fed and Biden Administration will overeact (e.g. offering deposit insurance on ALL deposits above $250,000 creating moral hazard risk). As such, we are seeing gold prices soar by 2% this AM.