Loading ...They’re moving on the assumption that a recession and interest rate hikes are bad for PMs The dollar going up in the market is a illusion. People aren’t paying less for housing, food, gas or other expenses. The only thing that’s going up is the cost of servicing that debt as they move to a credit card or stocks selling as they liquidate to pay bills.
The talking heads say how can there be a recession if the job market is strong, These people are clueless. Like the Fed they’re winging it while the demos continue to inflate they think they can control it by raising rates while the dollars still has no value as far as cost of living.
We’re already going into a recession but there always late to the game and figuring it out. People now have less money to spend across the country. They’re not going to be spending and will cause a recession even though people are working.
They’ll probably take it as a victory on inflation but it will still be there. It won’t be until the lack of buying hits more business and stocks and the lay offs starts that they panic and reverse course.
Buygold
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