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If We Have a Strong Economy, Why Are Americans Struggling?

The rise in 10-year yields is often attributed to a strong economy, but it overlooks the challenge of high inflation. High yields lead to increased borrowing costs for items like car loans and mortgages. With ongoing inflation from past economic stimulus, the solution might involve more monetary easing to support an economy already facing inflation issues. As Peter Schiff notes, the Federal Reserve seems to have lost control over long-term rates and may have to print money to buy long-term bonds.

Currently, the Fed lacks a clear strategy for managing stagnation. In a recent press conference, when asked about dealing with stagflation, Fed Chair Jerome Powell laughed off the idea, claiming that stagnation isn't a concern. However, the situation suggests otherwise, with uncertainty in the markets, especially after Trump's election, contributing to volatility.

Inflation, in addition to unreliable economic data like jobs reports, is driving the rise in yields. As Treasury yields and mortgage rates climb, everyday expenses increase, setting the stage for significant economic challenges in 2025. Central Banks may turn to gold to safeguard against issues created by government interventions.

Many Americans lack savings and live paycheck-to-paycheck, which impacts their voting behavior. Amid rising costs and government spending on foreign conflicts, citizens could lean toward different political candidates. Trump's past stimulus measures might have caused inflationary pressures, but central bank policies may continue to favor printing money, often leading to increased prices overall. 

https://www.schiffgold.com/commentaries/if-we-have-a-strong-economy-why-are-americans-struggling

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