Loading ...I do think that is true about raising rates so they can cut them later.
What I don’t think is true is that the US Economy is going into recession anytime soon.
I’m out on the ground in the real economy and I can tell you that where I am, work is plentiful and there is a labor shortage. We are under 2% unemployment locally. Since half our business is gov’t related, I can tell you the gov’t budgets are off the charts and money flows like water. I do expect that the private sector may slow a little due to rising rates and availability to capital, but that is coming off huge expansions. Unless rates really spike, I expect it to continue at a slower pace.
If there is another meltdown, it will have to originate somewhere else and IMHO be the result of some type of systemic bank failure – or something else- that spreads to the US.
I don’t see it. War seems to be on the shelf a bit with Trump, but it’s not that war matters to gold anyway.
All systems are go for the US IMHO.