What Did I Tell You?

Powell changes his tune on the recession forecast:

Before he and everyone else in the government were saying there won’t be a recession.

Now, Powell is saying there might be a recession, but it’s not our intention to cause one.

Even though it is their intention to cause one.

They’re backpedaling.

You have been warned.

As I’ve said in the past: the Fed can never admit it, but the only real way for them to tame inflation is to cause a recession.

A recession is bad for them (and all of us), to be sure. But it’s better than the destruction of the US dollar.

Leave a Reply