I think when they start to try to reflate the assets in stocks, real estate and in bonds, they are just going to prick the dollar bubble, and that’s when we have a real crisis. The dollar is going to collapse, and America’s days of living beyond its means is going to come to an end.
Mar 13, 2019
Mar 11, 2019
Jerome Powell Dismissed Surging Auto Loan Delinquencies
On 60 Minutes Jerome Powell dismissed surging auto loan delinquencies by saying they merely reflect that not everyone is benefitting from the widespread prosperity the U.S. is currently enjoying. But soaring delinquencies are more evidence that the prosperity is not widespread!
The Only Potential Risks Powell Sees Right Now
Jerome Powell told 60 Minutes that the only potential risks he sees facing the U.S. economy are slowing economies in Europe and Asia. Record Federal, state, corporate, and personal debts do not concern him at all. He is also not worried about the housing or auto markets. Crazy!
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