Wall Street was predicting an historic announcement out of Jerome Powell and the Federal Reserve on Thursday morning. And the Fed once again delivered, as it essentially made an official promise to hyperinflate the world's reserve currency.
Of course there were a lot of statements mixed in which were designed to mislead investors, and fortunately Dave Kranzler of Investment Research Dynamics joined me on the show to separate fact from fiction.
Dave Kranzler spent many years working in various Wall Street jobs. After business school, he primarily traded junk bonds for a large bank. Dave graduated from Oberlin College with majors in Economics and English and he also has an MBA from the University of Chicago, with a concentration in accounting and finance. Currently, he co-manages a precious metals and mining stock investment fund in Denver. He has nearly thirty years of experience in studying, researching, analyzing and investing in the financial markets. His daily articles can be found at his site, Investment Research Dynamics.