The Federal Reserve has hiked interest rates to levels not seen since before the financial crisis in 2008. The money supply had contracted at a rapid rate. This should cause the economy to slow down. Yet month after month, we get strong job numbers, rosy economic headlines, and assurances that the economy remains robust.
What exactly is going on here? Why hasn’t the predicted recession materialized yet?
Of course, the economy isn’t as strong as the headline numbers suggest . But economist Daniel Lacalle suggests another reason the data isn’t reflecting any kind of significant economic slowdown. He calls it “the nationalization of the economy.” The entire burden of the monetary collapse and rate hikes is falling on the shoulders of families and small businesses, while large corporations and governments are virtually unaffected.” I think a crash is looming. Even economists at the Fed concede there are big cracks […]
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