As I a sit here watching Fed Chair Powell give testimony to Congress today, I am reminded this Fed is different. They are not looking for a way to stop money creation, they are looking for ways to tweak what they are doing to make sure money gets to where it is supposed to go. As we highlighted in Consolidation happens fast yesterday, the Money Supply has reached a level never before seen since 1940 (Figure 1), and there is no signs I can see that it will end anytime soon. We continue to urge investors follow the lead of the Fed because they continue to print the money.
Sign up to access the rest of this content!
This content is not available to free users. Sign up for a paid account to access the rest of this content.