Fed's simply jawboning. They are caught in a trap.
4 rate hikes will raise the budget deficit by $300B or 30%
Also households will have to find an extra $150B to service their debt.
Not to speak of corporates.
Ain't gonna happen. Wall St will veto.
Watch closely Putin's forthcoming move on Ukraine
it was Brezhnev's Afghan invasion that catapulted gold into the stratosphere last time around.
Fed's simply jawboning. They are caught in a trap.4 rate hikes...
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