I explained a possibility that Mr. Powell was being cryptic and hinting towards the fact that we might fall into another "Volker Era." During this era inflation was entrenched at very high levels and treasury yields and commodities prices were sky high as well, just like today. So far currently the economy is on that exact same path as the Volker Era. And with this past CPI data release it appears even more so.
456632345 : Hehe, we're probably worse today. It was just the Cold War back then, and now we're facing turmoil
SpyderCall OP 456632345 : totally forgot about the cold war. the russian conflict seems much worse but it still makes this current era more similar to the volker era than everybody else is thinking. I appreciate you pointing that out.
just look at the charts for inflation and yields during the 80's. if today is anything like the past then we have a lot more upside in inflation and interest rate hikes
easygoing Lyon 456632345 : we don't have to. ther
e are more people trying to live in peace than those who want war. the meek may have to fight for there children. take the known crooks to jail!