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MacroVoices #361 Alex Gurevich: Jay Powell says, “Effects of tightening not yet felt.” Alex says, “No shit, Jay.”
Macro Voices
The Hard Asset Rally Is for Real
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I think the situation is probably more similar to actually how we're headed into great depression in the 30s. And then it will start hurting economic activity like it did in Japan. I feel that the hard asset rally is for real and I think that honestly, gold rising from 70 to 900 to 900 is nothing yet. I think we will see $3,000 gold in the cycle.
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