On our way to a hard economic landing ...Middle East

Anyone who believes that the Federal Reserve will succeed in its efforts to reduce inflation without causing a hard economic landing has not been paying attention to the recent meltdown in the financial markets. Nor have they been paying attention to the dramatic increase in mortgage rates or to the rapid rise in the dollar. Until very recently, both the stock market and the bond market boomed as seldom before on the back of ultra-low interest rates and the Fed’s $120 billion a month liquidity injection into the markets through its bond-buying activities. By the end of last year, equity valuations had reached nosebleed levels experienced only once before in the past 100 years while int

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Last updated : 20 May 2022 clock 04:40 PM

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On our way to a hard economic landing ...Middle East

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