Worry is growing among experts as the chances of a recession become stronger and stronger, and many don’t believe the Fed will be able to stop it. A recent Barron’s article reads, “For the Fed, the necessary factor is that it doesn’t matter what it does, harmless individuals are going to get harm as the financial system slows. If it stopped elevating charges, and even began to chop, ever-faster inflation would crater client spending and upend firm plans. That results in a dangerous recession in and of itself.” On Fox’s “Making Mpney” Former U.S. Representative Ron Paul said he’s not predicting a soft landing from the Fed, citing a price-fixed economy. “It’s all rigged and now we’re told we’ll have two more months of tightening up a little bit… I don’t think it’s going to work,” he said.
Ron Paul: Price-fixing is the problem with the economy
Former U.S. Representative Ron Paul gives his take on the United States sending money to Ukraine following the Russian invasion on ‘Making Money.’
RON PAUL: It’s outrageous. We can’t afford it… all great empires, all great nations and with overextending themselves overseas and also adapting as a principle, the inflation of the money, distorting, you know, devaluing the currency… right now, the big deal is, is we got to…stop this…We have to calm this market down, and we have to have a soft landing.
You can watch the full interview, here.
Barron’s via Pehal News
If There’s a Recession Coming, Not Even the Fed Could Stop It Now
The word recession is on the tip of everyone’s tongue.
Influential investor and philanthropist George Soros is talking about it in Davos. The Federal Reserve, on the day minutes are published, is constantly being grilled about it. Stocks are getting hammered as the outlook worsens.
Continue reading, here.
Business Insider/Matthew Fox
Wall Street thinks the only thing that will save the stock market is a ‘Fed pause’ — but 3 things would need to happen first for the central bank to stop tightening
The ongoing decline in the stock market is likely to last for as long as the Federal Reserve continues its current tightening cycle, according to notes from Stifel and DataTrek Research.
The Fed began unwinding its pandemic-related stimulus in March, when it hiked rates for the first time since 2018. It continued the process by raising them another 50 basis points earlier this month, and signaled that it plans to begin reducing its $9 trillion balance sheet starting next week.
You can read the full story, here.