#Powell's confident prediction that the U.S. economy will experience strong real GDP growth in the second half of 2022 will prove just as wrong as his earlier forecast that #inflation was transitory. Not only will GDP growth not be strong, the U.S. will likely be in a #recession.

The #Fed can either bring #inflation down to 2%, cause a financial crisis, bank failures, stock, real estate and bond market crashes, the U.S. government to default on Treasury debt and slash Social Security benefits, while #unemployment soars, or it can tolerate high inflation.

As the final read on Univ. of Mich. #Consumer #Sentiment sank to a new record low of 50, investors bought #stocks because long-term #inflation expectation declined from 3.3% to 3.1%. While still 50% above the #Fed's target, this optimistic take won't last as inflation gets worse.

#Abortion is not about the right of a women to choose, but about the right of the unborn to live. When life begins isn't defined in the Constitution. It's an issue The Framers left to the states, that must determine if life begins at conception, at birth, or somewhere in between.

Trying to avoid a #recession is a mistake. When artificially low interest rates result in economic mistakes, the best thing for the economy is to allow market forces to correct them. #Fed policy to avoid a recession that past policy mistakes made necessary is a bigger mistake.

Because #Bitcoin whales succeeded in pumping Bitcoin close to $70K, it's much easier for them to unload more worthless Bitcoin at $20K, as those suckers who are buying think they're getting a bargain. These "bargain" hunters averaging down will eventually be known as bag holders.

The final read on Q1 GDP is now minus 1.6%. Since Q2 will likely be negative too, the #Fed and Joe Biden will soon be forced to admit that Amercia's red hot economy has actually been in a #recession all year, which will only get far worse with high #inflation and more rate hikes.

Make no mistake, I will flip Bullish when the time comes and when I do...Look out!

newsweek.com/us-economy-rec…

MARKETS REACT TO INFLATION EXPECTATIONS!!! BITCOIN, CRYPTO, STOCK MARKET... youtu.be/xV-bRU60X0E

Markets are now pricing in 100% risk of a U.S. recession before year’s end: Deutsche Bank trib.al/P9G9cYv

First-time #unemployment claims rose again last week, climbing 7K to 251K, the highest level in 8 months. The pace of layoffs will accelerate as the #recession deepens. The July Philly #Fed unexpectedly plunged to -12.3. The economy is getting weaker as #inflation gets stronger.

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BREAKING: Federal Reserve hikes interest rates by 0.75 percentage point for second consecutive time to fight inflation

BREAKING - We are officially in a recession. Q2 GDP is negative, which is the second consecutive quarter.

Inflation is moving higher despite a "strong" #dollar and President Donald J. Trump dumbing #oil on the market. Imagine how much higher #inflation will rise when the dollar turns lower, the Strategic Petroleum Reserve runs dry, and the #Fed returns to QE as the current #recession gets much worse.

#CNBC's Jim Cramer claimed that the bad news reported by #FedEx on the collapsing U.S. #economy proves that the #Fed is winning its war on #inflation. To the contrary, the economy is collateral damage in a war the Fed is losing. Inflation gets stronger as the economy gets weaker.

The S&P 500 just took out its June low, extending the bear market decline to 25% from Jan.'s record-high. With 30-year mortgage rates set to rise above 7% today, real estate prices will follow #Stock prices lower. Collapsing wealth + soaring debt service costs = financial crisis.

Recession Warning: October PMI Tanks SchiffGold schiffgold.com/key-gold-news/…

What does #Binance having to buy #FTX to rescue it from bankruptcy tell you about the state of the #crypto market? Major competitors merge when industries are in decline. Adoption is over. The race to get out of #Bitcoin is on. Who will be left to bail out Binance when it fails?