Lyn Alden: The Economy Is Crashing Into Stagflation
Wealthion - Be Financially Resilient
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The Fed Is Coming After You, Right?
"The fed is hell bent on in the short term, which is demand destruction," he says. "It's not apocalyps yet in the jobs market, but we're certainly seeing some real signs that a ployers are starting to pull back." The federal reserve has two mandates: stable prices and low unemployment; they also have a shadow mandate of financial stability. But their focus is going to be softening the job market so eventually one or both will break.
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