Yesterday was another tough day for the markets, as worries about inflation led to big declines in the stocks of major retailers like Target.
According to Federal Reserve Chairman Jerome Powell, the Fed is committed to tackling soaring inflation by further raising interest rates.
The problem (which Powell doesn’t want to admit) is that the economy can’t absorb these increases without sliding into a recession.
So, I sat down with Field Notes Managing Editor Ciaran Madden to discuss why the Fed will have to change course in the short term…and why in the long term, these policies risk turning the U.S. into a “zombie economy.”
Check out the video of our conversation below…
Managing Editor’s Note: Ciaran Madden here, managing editor of Field Notes. In a recent interview, former Goldman Sachs Managing Director Nomi Prins explained a startling truth no one in the mainstream media wants to talk about…why record highs on Wall Street don’t translate to wealth on Main Street. She also shared a stunning prediction…
Right now, she says we’re on the brink of the greatest wealth transfer in the history of America—a $150 trillion shift she calls “The Great Distortion.”
This couldn’t come at a more crucial time… Because understanding the details of this strange event could spell the difference between a long, relaxing (maybe even early) retirement…and years of broken dreams, frustration, and regret. Go here to see the entire interview and learn how you need to prepare for this “Great Distortion.” Access is completely free until midnight tomorrow.