EPISODE · Jun 14, 2022 · 18 MIN
It's all about the bears, and inflation (#498)
from WorldWide Markets with Simon Brown · host www.JustOneLap.com
Simon Shares US May inflation, 8.6%. Federal Reserve announced rates last night and surely it was 0.75% for the first time in 28 years? Either we have continued high inflation or a recession, maybe even both? Time for a Paul Volcker and do a 1% raise? It's ugly, Nasdaq and S&P500 both closed at lows for 2022 and are both are now in a bear market. S&P500 draw down at close 13Jun22 And failing a real test or liquidity and exchanges halt withdrawals.
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It's all about the bears, and inflation (#498)
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