It was time to sell a few weeks ago (growth stocks will be hit the worst IMO) and then wait until the recession hits bottom to bargain shop.
The article makes the mistake of equating the stock market and the economy.
They are related but not the same.
A rock and a hard place thanks to reckless government spending. Increase the Fed rate to reduce inflation and bring on the recession or let the economy overheat and savers punished with high inflation.
What would actually get the Feds attention is if the Bank of Japan (BOJ) decided to buy their oil and gas from Russia instead of the US and Western countries. Russia would allow them to purchase their energy in JPY rather the USD. They would no long need to hold US Treasuries as a reserve and could sell a lot of their current holdings.
The JPY has depreciated to historic low leveles from the dollar and if the BOJ no longer needed to use USD it would reduce their rising energy costs. Of course, interest rates on US Treasuries would rise which would impact all US interest rates and increase the debt service costs of everyone.
The Fed would need to stop its QT and go back to buying Treasuries to keep the prices up and rates down. This would undermine the Fed’s efforts to control inflation and would be a disaster.
BTW, this could also be completely prevented by going back to a sane energy policy in the US which would also do wonders for the global inflation problem.
Having no consequences is fun.
Mitch Nancy J.Hiden and the rest of the Chugite agencies bureaus leaches know that to pay for their free everything life, 87k agents will seal the deal.
That’s why none of them are screeming or even talking
“No matter who wins, the American people lose.”
That is an accurate description of the situation. Once this country is picked clean, they will let it dry up and blow away. The problem is that it’s all already falling apart.
The choice is high inflation or a recessionary economy. Smooth landings are luck.
The FED’s job is to choose, they did. Now the FED and the rest of us get to hope we don’t get one from column A and one from column B.
Personally think they are prepping to bring about the new Federal Digital Currency, Biden signed that EO to bring it into use by next year.
“No matter who wins, the American people lose.”
The American people’s loss has taken a couple of years to ripen. The ordinary American person will take the hit and the colluders will make out like bandits.