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Tomorrow inflation numbers .
Remember paul Volcker had to hike rates to 20 % in the 70 - 80 s to curb the inflation .
There is no way they could do that now , the world is loaded on debt because of 10 - 12 years of 0 % rates .
This is gonna end very bad for the average blue collar worker ,..... in Gold we trust.
I already made a small fortune since the start of the year .
I think this year ( next year max ) , we re gonna see gold explode higher .
When the people figure out there is no way the FED can curb the inflation and instead is doomed to keep printing all hell will break loose
I think were getting close to the Fed pivot , and were my strategy is finally going to work .
Most likely in the next 2 months .
If the FED hikes another 1 % in sept you could see a major downturn in the market ( it probably already started ) , there is no way they can curb inflation , as that would mean raising rates above the inflation rate.
Imagine interest rates at 10 % for businesses , mortgages , loans in general everything would grind to halt , the chickens have finally come home to roost
In a moment were gonna have a laugh /joke .
The ECB will raise rates with probably 0,5 % , add this to the 0,5 % we already have and we end up with 1 % while the inflation rate is 10 % .
This whole europroject is basically still holding together because we have low rates ( for 12 years )
Where were the days before this EU fiasco with the strong Dutch Guilder and the German D mark.
The 30-year mortgage rate dropped to a new historical low of 2.68% by December of 2020. In 2021, mortgage rates hovered between 2.70% and 3.10%, which gave many borrowers the chance to refinance or purchase properties at the lowest rates on record.Jan 18, 2023
With banks now needing to refinance loans at 4.75% to 5.00% fed funds rate you dont need to be a genius to figure out where this is gonna end .
Just as planned so far , potential crash mode for the indexes , is the debt bubble finally bursting ??
I bought a lot more Put option contracts , sept expiration .
My play :
I think we will bounce at around Dow 2900 ( okt 22 low) .
Then close half of the position and roll the rest over for oktober contracts .
With the rest rest get in again around dow 3200 ,..... target March 2020 low , AEX 400 in oktober