In this week’s Off The Cuff podcast, Chris and Axel Merk discuss:
- The Fed is telling us its game plan (i.e., expect “moar”)
- It’s involved in all sorts of “solutions” it has no business being in
- Why Axel expects (a lot) more Fed intervention from here
- It’s hard not to see the coming era as gold’s time to shine
With markets full of more delusional euphoria than arguably at any prior moment in history, many have put their full faith in the Federal Reserve’s ability to paper over the economic carnage wreaked by the coronavirus pandemic. Which is why we’ve asked Axel Merk to join us this week and relay his latest thoughts based from his inside contacts at the Fed:
With regard to the policy makers, at least they’re clear on what they’re doing. At least they communicate. When Mr. Powell says he’s not even thinking about inflation, and he wants to keep rates low until we’re back to the low unemployment rate we were at before …well, that tells you something, right?
And we can complain all we want. But ultimately, he’s calling the shots.
I think there will be more stimulus. I think the further we go down the line, the more strings will be attached. You only get the money if do something good for the environment, for example.
But the corporate tax cut is more indirect.
by springbank1