Recession Claus Is Coming To Town with John Rubino

Financial Survival Network, Released on 12/19/22

- Homebuilder sentiment at 10-year low.- Huge wave of car loan defaults building.- Commodity prices are falling. Oil is in the low $70s, down from the $120s a year ago.- Stock markets are rolling over, wiping out several trillion dollars of paper wealth worldwide.

But the really big story is soaring government deficits because of rising interest rates. The US is looking at a half-trillion dollars a year of extra debt because of Treasuries rolling over at higher rates.

Will this produce a death spiral, where higher rates = higher deficits = weaker currencies = rising inflation = higher rates?

If there's time...

Twitter saga is interesting. The files being released are damning for the deep state.

John Rubino is the founder of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He currently writes for CFA Magazine.

recession

Recession Claus Is Coming To Town with John Rubino added by Herman James on 12/19/2022View all posts by Herman James ?+'