The New CS Board

[jumanji0881]

I think the Fed is fighting a losing battle against inflation and with all of the Fed hawkishness (Bullard says 7% Fed rate needed into 2024 to quell inflation) a hard recession is in the cards given how fragile the global economy is after 35 years of reckless Fed policies that created one bubble after another. It's the debt!!! The debt will really bite in a recession and the national debt will soar. The Fed is fighting a mirage since inflation is a supply problem, not a demand problem. With bird flu (1.8Million chickens destroyed) and swine flu and climate change and the war in Ukraine driving up food prices and now Chinese rioting against zero-covid lockdowns impacting supply chains and China's economy, and driving up inflation, the Fed has no control over the drivers of inflation. Gold will win eventually.