Issue #1201: Rising prices in a recession should make for an interesting Fall
Pay close attention to these developments in the coming months.
It’ll be apparent that we’re in a recession when Q2 data get released at the end of July.
— Marty Bent (@MartyBent) April 28, 2022
Money printer will be turned back on with ease as politicians pressure the Fed as they prepare for midterms.
If inflation doesn’t slow down between now and then things will get weird. https://t.co/p6AoltI6SZ
The United States finds itself in a bit of a pickle as we chug through Q2 2022. Earlier this morning the markets were hit with a surprise GDP print which showed the US economy slowed by 1.4% in the first quarter. At a time when the Federal Reserve seems dead set on raising rates to tame run away inflation that is consistently hitting 40-year highs, the last thing Jerome Powell and crew need is a recession that turns up the pressure on them to turn the money printers back on full blast.
