Kolanovic has pushed back against expectations that looming interest-rate cuts from the Federal Reserve could help to boost stocks. In his view, rate cuts would require a recession strong enough to bring down inflation and the market with it, creating a Catch-22 for investors.A top JPMorgan Chase & Co. analyst who has been warning clients to stay away from stocks all year is doubling down and advising them to increase their allocations to cash and gold.
A few have warned against inflation plus recession ... IMO, the greatest threat is deflation - a sudden shortage of available currency.
If this autocratic regime wins out in the debt ceiling battle with success for increased spending - Yikes!
Join together in prayer.
3:15.
Apply your heart to instruction and your ears to words of knowledge.
Prov. 23:12