The Fed Is Spitting Into The Wind; Powell's Pivot To "Pain" But No Gain: Triggering The Coming Recession; Dem Senator Slams Kamala Harris As "Dead Wrong" For Claiming Border Is Secure
August's Price Inflation Soared, and That Means Earnings Fell Yet Again
Peter Schiff: The Fed Is Spitting Into The Wind
"The Fed sold the nation’s soul to the inflation devil back in 2008 when it did QE. And so now the devil is back to collect..."
Peter pointed out another problem facing the Fed in this inflation fight. The US government keeps spending money hand over fist.
We need massive cuts in government spending, and the government is doing the opposite. We have the Inflation Reduction Act, we had the CHIPS Act. We have forgiving student loans. All of this is additional spending, which is the worst thing you want to do when you have an inflation problem.”
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Powell's Pivot To "Pain" But No Gain: Triggering The Coming Recession
“Jay ‘The Inflation We Caused Is Transitory’ Powell finally did it.”
On Friday, the Fed chair finally mustered the courage to say that he is going to do the job he has been hired to do: the Fed will not “pivot” to cut interest rates until inflation slows meaningfully and persistently—even if the stock, bond, and housing bear markets become much worse and the economy goes into recession.
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Watch: Dem Senator Slams Kamala Harris As "Dead Wrong" For Claiming Border Is Secure
“For anybody - the vice president, president, anybody - to say our borders are secured, that is not accurate. I have been there. It’s wrong.”
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August's Price Inflation Soared, and That Means Earnings Fell Yet Again
“This is bad news for the administration, which has repeatedly attempted to downplay the relentless increases to the cost of living being inflicted on Americans after years of deficit spending, fueling inflationary monetary policy.”