Final sell off to clear all sell stops. Ignition s
Post# of 1088
No rising interest rate can dampen surging inflation as it is not caused by an overheated economy, it is caused by the global flooding of paper money, rising interest will only stifle economic growth and may cause stock market crash, making "the crash of 1922" pale in comparison. The crash of 1922 preceded the Economic Great Depression of the 1930's.
https://tradingeconomics.com/united-states/inflation-cpi
The surge in the broader market is precarious, it is not driven by economic growth, it is a money driven market as new job growth has peaked.
https://bigcharts.marketwatch.com/advchart/fr...p;state=10
Only 50% job loss from the Pandemic has recovered
https://tradingeconomics.com/united-states/non-farm-payrolls
Gold and potential mining stocks are safe haven in time of financial crisis and surging inflation amid global financial and economic uncertainty.