The Bull Market Is Dead. The Bear May Live Long. – Ep 819
The Peter Schiff Show Podcast
00:00
Is the Fed Getting Rid of Inflation?
The fet is raising rates now, even though we're not going to get the beneficial effects on consumer prices for a year or two. The negative effects of raising inturust rates are immediate. Mortgage rates go up right now. Credit cart rates go up Right Now. Car loans go upright now. Home equity loans go up rightnow. So the debt that consumers have immediately becomes more expensive to service. And in fact, long before they see the results, the fete is going to give up the fight, and it's going to create even more inflation.
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