The Federal Reserve on Wednesday doubled down on its most aggressive economic tightening campaign in three decades, raising interest rates by another three-fourths of a percentage point and pushing borrowing costs to the highest level since the Great Recession in order to help temper the nation's stubbornly high inflation—even as experts worry the hawkish tightening could drive the economy into a recession. Taken From - FORBES
IS THIS THE TIPPING POINT FOR THE LOOMING RECESSION - ARE YOUR REALLY READY
Taken From - FORBES
The market had its worst showing in months last week after the worse-than-expected August inflation data, which showed prices climbed at 8.3% year over year and fueled concerns that Fed officials may need to act more aggressively in order to quell inflation. The S&P is down 10% since its peak in August and has plunged nearly 20% this year. “The Fed has more work to do,” Bank of America’s Savita Subramanian wrote in a recent note. "Lessons from the 1970s tell us that premature easing could result in a fresh wave of inflation—and that market volatility in the short run may be a smaller price to pay.”
WHAT TO WATCH FOR
The Fed's next policy meeting concludes November 2. Economists at Goldman Sachs project policymakers will raise rates by 50 basis points at that meeting, and another 50 basis points in December.
IT has STARTED. We have been in a RECESSION, but this is the tipping point, or the Straw that broke the Camels Back. I believe that come September 24 th, the looming Dooms Day Date, will be a rush on the Banks. If the Market turns upside down on Friday, September 23, then know what is about to happen.
We all have been aware of the Recession, and now it is on us, and no one knows what to really do. Well, bunker down, stock up on food, and ride it out. Thats all we can do. Sounds easy, but when you know you have money, but just can't go get that money out the BANK, then you will panic. Be ready, that is about to happen! That maybe what is about to Happen on the 24th. The Market is gonna Crash on Friday, or Tomorrow, then there will be a RUN on the BANKS, and we will see how America Deals with a CRASH in 2022.
I am not trying to scare you. I just want you to be ready. All you can do is put some money up, in a good hidden place of you home, and stock up on FOOD! It is coming, and things are going to get CRAZY. None of us have ever lived thru a Deprestion. So, we are not sure what is going to happen. But, we do know what has happened, an I really believe most Americans are not ready, or prepared for what is about to HAPPEN! Remember, I have been trying to warn you, an I know what is about to occur. An it is going to be ugly!
Lot's of Concerts have been canceled. Major Retailers have Canceled Billions in Orders, with Christmas right around the corner. Once I heard that, I knew it had started. We are officially in a RECESSION! I am going to keep looking for any news or any helpful content I can find, to share with my viewers. If you have something you would like to share. Please contact me, an I will share your Content, for you. I will give you Credit, for anything you share with me.
I am worried, an I keep telling myself, everything is going to be ok. But I also know that none of us know what it is going to be like. So, I have been hunkering down, and saving food, along with my brothers. Thankfully my Brother (Punk) has been aware of this for a while, and has been saving back. He is sharp, and he is extremly responsable. An, I am telling you, he has been saving back, for some time now. And now, he is really worried.
I leave it all in Our Creators hands, and continue to share the Talents Our Creator has Blessed me with, to share as much helpful content, as I can. What will be, will be!