However, 0% interest rates and dangerously low real interest rates are causing commodities to boom.
The outcome is that consumers' purchasing power is steadily eroding because of the increase in crucial commodities such as food and energy.
Corporate profits are also being steadily eroded because of rising raw material costs and a slowdown in productivity -- the main reason for the weakness of the dollar.
The net effect is a tightening by the markets as the Fed remains asleep at the wheel.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked second best gold timer by Timer Digest
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