zhandax

FOMC Statement: What It Really Says

Statistically we are off the chart in terms of the probability of being in this position. Never in history has every country on the planet employed a fiat monetary system with every one of them running their printing presses as fast as they can unload trucks. As mentioned yesterday in another post, we are in the fat tail of the probability distribution which is analogous to being in a wormhole; you don't know what life will look like on the other side. Gabe may get his Dow rally to 20,000 but if he does, I believe he will find that gold made it there first.