by Turd Ferguson, TF Metals Report:

Ahead of The Fed, our own AGXIIK submits a post today that I think you’ll find to be both enlightening and educational.

I’ll add my own comments and charts after the dust settles from the CPI. For now, though, many thanks to Craig for this.

TF

Powell’s Conundrum, by AGXIIK

My opinions may not be shared by others but since I’ve been through 4 major financial crises including the wretched stagflationary period of 1976 to 1982 during which we saw prime rate hit 21%, these events helped me form a few opinions along the way.