The continued erosion in economic data has prompted The Atlanta Fed to slash its forecast for Q2 GDP growth to -2.1% meaning the US is now technically in recession (after Q1's confirmed 1.6% contraction yesterday).
Economist Steve Hanke returns here in Part 2 of our interview with him to explain what impact a Fed pivot back to easing would have on inflation. He also shares his thoughts on how he thinks stocks, bonds, gold and other assets should fare over the coming year given his macroeconomic outlook.
Central bankers are trying to steer markets away from higher interest rates, citing growing evidence of the harm they are doing to economic growth. Quantitative tightening is dead on arrival. Predictably — because it is a repetitive cycle — bank credit is beginning to contract. But contracting bank..
Action Alert: Mike Maloney just made his first silver purchase in a while. He walks you through the data and charts that pushed him to make an InstaVault purchase of silver today.
Survey of 1,000 registered US voters also reveals that most Americans agree government is ‘corrupt and rigged’.