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Mr Risk's avatar

Thanks for going down memory lane for the time in the 1980s that I lived in Chi-Chi. One of the interesting things about the 70s show that is worth noting is that early life experiences impact central bankers reaction function. For example, Arthur Burns formative macroevent was the 1929 crash/Great Depression. It must have haunted him, so that at the first sign of economic weakness he would have priortized growth, aka ill advised rate cuts. For our generation, and Powells, the inflation shock/Volcker response is our formative event of the era, so it is my guess if the Powell ends up making a mistake its on the growth side, however, I do love the 1970s analogue charts and use them every chance I get.

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Beachman's avatar

Hi Richard…could you please elaborate on why higher tariffs are bearish for the US$? I would think that tariffs need to be paid in $ and should be bullish for the US$. Looking forward to your podcast on Gold. Thanks.

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