OT: They are going to crash the system

The US Economy Is Headed for a Hard Landing – Bill Dudley, ex-NY Fed President A recession is inevitable within the next 12 to 18 months…
The central bank’s employment mandate is now subservient to its inflation mandate…
Second, the new focus on price stability will be relentless. Fed officials recognize that failing to bring inflation back down would be disastrous…
Third, the current economic expansion is uniquely vulnerable to a sudden stop…the production
adjustment is likely to be abrupt, due to tight financial conditions, restrictive fiscal policy and tapped-out
household savings… fiscal policy shaved more than 3 percentage points off annualized US economic
growth in the first three months of 2022 — a drag that is expected to persist through 2023. As inflation
outstrips wage growth, the personal savings rate has plummeted, from 26.6% in March 2021 to 4.4% this
April… Finally, economic history points to a hard landing. The Fed has never tightened enough to push
up the unemployment rate by 0.5 percentage point or more without triggering a recession…
https://www.washingtonpost.com/business/the-useconomy-is-hea… ac16-8fbf7194cd78_story.html

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I would have made the subject title something more accurate: “Old News: Recession Expected”

See?

Nobody on this board wants or needs the National Enquirer. Rationality and sanity is preferred.

Rob
Former RB and BL Home Fool, Supernova Portfolio Contributor & Maintenance Fool
He is no fool who gives what he cannot keep to gain what he cannot lose.

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lol… great reply