Today the Labor Department reported that the consumer price index once again demonstrates that the Federal Reserve simply cannot hit its inflation target of 2%.
So what does this mean?
Simple: dollar bulls will continue to get crushed for the foreseeable future moreover, the general public will also be harmed.
It strikes me as bizarre every time I hear from the mainstream media that the "Fed is missing their inflation targets," yet the mainstream media continues to push the narrative of "economic recovery."
Do they really believe people are that stupid?
It's just so simple. The root cause as to why the federal reserve cannot hit their inflation target is because there was no money velocity! (It is actually near historic lows), therefore the US economy is flatlining.
If people need any more proof that the US economy is in a lot of trouble, all you need to look at is the retail sector which continues to get hammered.
Keep in mind that the US economy is dependent, more than 70%, on consumer spending.
What we can all be sure of, is the Federal Reserve will to continue to push the purchasing power of the dollar lower therefore directly harming consumers-which will eventually hit GDP as well.
Gregory Mannarino @marketreport
The sad truth is the average American is totally oblivious to everything that is going on. This is what allows this to continue. The pinch is getting tighter and tighter and eventually will encroach on what they value in their lives, but for now, the Zombie Apocalypse is alive and well.
Negative talk about the dollar is positive talk about silver. Stack a little or stack a lot.
GREG you are 100 percent right on this and we gave you a thumbs up and a upvoted and we will Re steem it too
Upvote and Resteem. Cheers Greg.
greg you are absolutely right even more trouble for a dollar up ahead very well explained.
Hi Greg, again you are right on the money. Keep up the GREAT analysis on things financial. Upvoted.
:C)
Awesome analysis @marketreport dollar is already hits 30 months low and now even more crisis.
Thanks for the update
Thanks Greg, i upvote and resteem it
Yes, they do believe people are that stoopid... lol I believe conservatively that 80 % of people should be considered "sleepwalkers"..... they go through the motions of life, but their lights have been dimmed and they don't really engage in life.... JMO
This is a nice info. That is why citizens should always be aware and vigilant to is happening in the economy ...😊
thanx sir for ur share with us ur whole knoledge
nice post , sir ji
@ahlawat
Well I guess the whole world's economy is not enjoying a good status in recent years.
Trump needs to stop taking credit for this "recovery" and start pointing out its flaws. Otherwise, he will get the full blame.
Setting up for dollar crash.
Butt...buttt...Greg just said the dollar would crash. That doesn't skeeer the bejesus out of you if you are short the dollar?!!! :-)
Plz upvote resteem and follow me @devrajlove
So sad to see that the USD getting killed is their answer. I hate seeing the PP continue to drop and people buying less with the same Dollars.
nice sir again labout department and fedrel reserve informations share it ur good work greg sir
Upvoted and resteemed! This is the news they don't tell us!
Dollar getting crushed and Precious Metal staring to go up. Bitcoin hits all time high $3500! Buckle our seat-belts and prepare for more turbulence.
thanx sir to ur new perdictions about it again
Upvoted & Resteemed.
The FED is going to continue to crush the little people.
Its a wonder if the people will ever get so sick of it to finally turn to revolt.
yes definitely a downward cycle for the dollar
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good work to give latest informations
I'm being to think they are playing games and they know exactly where this is heading, cheers mike
I am fine with the FED melting that Dollar. I am ready for a new system and ready for a real monetary system that can be fair. Of course, I am not sure if that will happen...but I think Blockchain is where its at; BTC, LTC, ETH, STEEM.
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Thanks for the breakdown Gregory @marketreport
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Completely agree about velocity. On the other hand, I'm glad it's down... can you imagine the inflation if it was running at normal levels?
I think the retail aspect is very, very interesting. Any analysis there has to take into account the effect that Amazon is having. They've reset the bar for retail markup.
ur work is for appriciate to talk daily on market its good
People will only feel the state of economy's by the value of goods they received regardless of tangible or intangible it is we only feel the pressure on our pockets when we see how little our value of spending by the time it happens it is too late. Government will not react on it for they are part of the system called taxation and they benefit on the system they made that favor them not the people they supposed to serve.
hmmm its mean dollar will go high now s i
Yup, this is scary. Upvoted and resteemed.
It has for a long time been a question of when.. Not if,
"When" seems to be here now.
@marketreport Thanks for share!!!!!!!!
It's time for this shit to get real Greg, cheers my friend.
The phrases are independed statements in the Eyes/Ears of the general public. They just don't understand.
"Fed is missing their inflation targets," to the general public means nothing, they don't care, they say "So What? They don't need more money" Any statement about the Fed is resoundingly ignored.
The narrative of "economic recovery" is something the general public consumes like Ice Cream. They 'think' that they understand. They blindly follow the Main Stream Media, but find that food costs more, Milk, Eggs, Bread all cost more, but the people say OK, we are recovering.
Thanks Greg. I think you are spot on. Those not already broke or still have a job don't want to spend in these times of uncertainty.
nice of you to share.thanks for the update,May God help us. well done
I am new to Steemit, but I have been watching your Youtube videos. Keep up the good work Greg!
Interesting bro!
Your right, the retail sector has been being decimated for a few years now. malls are becoming graveyards all across the country. My nephew is even seeing it in the small town of Hastings ,Mi. Stores closing at an Increasing rate and not just small mom and pop stores. Majors like Sears, Kmart, JC Penney are all in trouble and shuttering stores. The reset is going to be devastating for a great portion of the population. And it breaks my heart every time I walk through a store or go to a beach and look around and wonder how many will not survive it...I constantly just want to scream for them to wake up. But I know it will do no good. I have been trying to wake people up for a very very long time. And only a few have rubbed the sleep from their eyes.
Thank you for your information.
You nailed it. Weak money velocity probably caused by lack of new credit. Folks are broke and cannot get loans.
Crazy moves in the markets Greg. Crazy...
Yes, they do think people are that stupid.
When Edward Bernays unleashed his emotion targeted advertising, humans had no defense against it. And each time they made advances, they found humans had no defense against it. So, yes, they think the goyim are dumb cattle to be herded wherever they please.
The thing they do not realize is that once someone shows the people the magic trick, the magician has no power.