Jun. 5 at 3:54 PM
$JNUG $GLD $GDX $B $SLV
US economy adds 172,000 jobs in May, blowing past expectations, Labor Dept reveals
What a coincidence w/these numbers just 12 days before Warsh is to hold his 1st FOMC meeting (In politics, nothing happens by accident. If it happens, you can bet it was planned that way) & it sure makes it much easy to DROP RATES significantly to the zero bound & in a hurry. Trump posted today after the jobs report that "growth does not mean inflation!" but when you drop rates to zero or near 0% & w/that see significant credit expansion which is creating money that didn't exist before, zero rates + strong credit demand = inflationary. Then you throw AI into the mix, AI disruption → policymakers cut rates → credit expands → inflation rises. Let's not all forget that Bessent in the last 17 months has issued out
$2.8 TRILLION of NEW DEBT & a combined deficit of
$3.8 trillion for 2025 & 2026
This is straight Biden & the numbers will be quietly revised in the coming month