Is US inflating its way into Recession?
Lowering interest rates > Lower Dollar > Inelastic demand for foreign goods > Sticky (Real) Deficit > Ballooning nominal Deficit > Run away Inflation.
Makes sense? Here is a sampler:
-Gold soared $26
-Platinum exploded $91
–Iron-Ore Prices Up 65-71%
-Copper surged 20 handles
–Wheat prices surge to new high
-Soybeans traded at a record high.
–Fertilizer makers soared to record share prices
Welcome to a world of less jobs and high prices!