/biz/ - Business & Finance

Austrian economist and father of 8 discusses whether or not hyperinflation is imminent. When? NOW

https://youtu.be/f-Ot23osIoI

I notice we don't have a thread on this.

Bond yield going up is what happens when no one actually wants Tbonds, so they have to make the reward for buying them greater to entice people to buy USA sovereign debt. The Fed uses QE to pay free money to banks so that they buy T bonds, and thus act to artificially create demand for bonds, driving down the yield.

The debt is so massive that even a small yield can make it impossible to service, but worse, rising yields can make people move terrifying amounts of money from the stock market to the bond market if they perceive a chance to get risk free returns that can at least outpace inflation in USD. In Fall 2019, the Fed backed off QE and the lack of bond buying caused the yield to shoot up past 3% almost immediately, triggering a mini stock crash until they resumed QE and made bonds unattractive again by suppressing the yield with the money printer.

The fact that the yield is rising right now, despite the Fed buying everything that isn't nailed down, suggests that they are losing control of the situation. Sovereign nations realize that the Tbond is not a good investment unless it can give real returns so they won't touch it unless the yield climbs, and banks aren't going to eat the loss on low yield Tbonds with their own money. They can either let it happen and the stock market (and the real estate market and basically everything that isn't commodities) will eat shit in nominal terms, or they can institute official yield cap control on bonds (YCC) since backdoor YCC via QE isn't working. If that happens its over. Its tacit admission that the system is at the limit and stocks will go parabolic in USD terms while going to shit in real terms because all that QE money will flood into stocks and the inflation that had been sequestered mostly in asset prices will flood into the real economy.

Happy Lent.

https://www.youtube.com/watch?v=GVAUnKK1DdQ&feature=emb_title

>>23047409
>Cost of living increases
>The meager wage you earn doesn't increase along with it
>Can purchase less and less
>No reason to save because your money's purchasing power decreases with every passing day
>Can never do anything but wageslave until the day you die with no hope of accumulating capital, doomed to live your whole life hand-to-mouth

Wow, thanks MMT and socialist politicians!

>>22874800

555

https://www.federalreserve.gov/live-broadcast.htm

>>22527491

Nope.

555

555

>>22482591

No.

>>22480977

555

>>22470752

555

>>22383689
>>22383724
>>22383745

Bullish.

>>22357126

>>22288647

555

>>21708527
We don't live in a capitalist system, we live in a weird welfare-warfare corporate socialism state. These lockdowns have proven that beyond a doubt as the state governments directly decided who was allowed to stay open and who was forced to close. With the bog box store and meganationals falling into the former group, and the mom and pop shops falling into the latter.

>>21677202
I mean... I got a 100oz'r, 70 Oz's of junk, and 53 Oz's of asahi rounds sent to me by Monument via USPS with no issues.

USPS has only misdelivered one package and it was a set of steel plate targets. I called the local USPS, told them they fucked up, and they went to the place it was delivered to accidentally and got it back for me.

>>21635338
'Among these costs, participants noted the possibility of an excessively rapid expansion of the balance sheet and difficulties in the design and communication of the conditions under which such a policy would be terminated'
>Excessively rapid expansion of the balance sheet
>There is an appropriately rapid expansion rate
>Even they admit once it starts it can't stop

Doesn't matter though. With QE infinity we were already doing YCC by default. Rather than have an official yield cap, we just print enough money to buy up enough bonds to suppress the rate that way. Totally different goyim!

>>20549617
depends, if trump gets re-elected states will hold their own people hostage with corona and keep economies shut for politics. If Biden wins all of this dissapears within a few weeks and we go back to the technocratic cronyism we’ve had for ten years.

In the Looong run the US should fare ok conpared to Europe as we have some growth, the worlds reserve currency, and a breadbasket in the midwest for food.


>TL:DR short term downtrend, US is the most intelligent*** large economy in the global mental asylum. & our military will “Free” our opposition

Does anyone have the old dividend calendar that used to get posted here? Just quit my job and trying to learn about dividends