Powell Doesn't Realize How Vulnerable The U.S. Economy Is

Jerome Powell doesn't realize how vulnerable the U.S. economy is to higher interest rates as he thinks Fed policies of ZIRP and QE solved the problems exposed by the 2008 financial crisis. Those policies only made the problems worse, while postponing and exacerbating the consequences.

Bitcoin: "Bag Holders"

Because Bitcoin whales succeeded in pumping Bitcoin close to $70,000, it's much easier for them to unload more worthless Bitcoin at $20,000, as those suckers who are buying think they're getting a bargain. These "bargain" hunters averaging down will eventually be known as bag holders.

German Inflation At A 60-Year High!

With official year-on-year (YoY) German inflation at 8.7%, a 60-year high and headed higher, the Euro experiment is clearly a failure. It's not the new Deutsch Mark, it's the new Italian Lira. Germany needs to leave the Euro Zone and really build back better by returning to a gold-backed mark. Gexit!

"German Inflation Hits 60-Year-High, 'Worse To Come', Says Allianz" - in ZeroHedge