We are supposed to believe that Trump decided to replace Powell with an inflation hawk who is not only less likely to cut interest rates than Powell, but may well advocate for rate hikes and a resumption of QT to fight inflation and force the federal government to cut spending.
US Economy explained here👇
> NVIDIA buys $5 billion worth of Intel stock
> OpenAI buys $5 billion worth of NVIDIA stock
> NVIDIA buys $5 billion worth of Amazon stock
> Amazon buys $5 billion worth of Apple stock
> Apple buys $5 billion worth of Microsoft stock
> Microsoft buys $5 billion worth of Google stock
> Google buys $5 billion worth of Meta stock
> Meta buys $5 billion worth of OpenAI stock
People still don’t understand why gold, as a safe haven, can be this volatile. The volatility of an asset doesn’t depend on its class but on its size and liquidity. Gold, after all, is still a commodity.