Powell Promises Pain, Markets Deliver – Ep 836
The Peter Schiff Show Podcast
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Is the Fed Doing a Bearish Job?
The dollar index rose to one o eight spot, three eight. The next stop is to retest the support at one o five. If we break below that support convincingly, i'm convinced that the hih is in for the dollar. Oil was actually up three dollars on the week, approximately closing at 93 dollars a barrel. Also, bond yields continued to rise. But he more important factor is look at what is happening with the yield curve. In fact, all the maturities from six months forward are now above 3 %. That is highly indicative of an economy that is either already in recession or rapidly heading towards recession. And it's also indicative that bond market investors are completely
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