Trend-forecaster said if the Fed raises interest rates by 25 basis points after the next meeting, the economy will sink, and gold prices will also suffer...but
Right now the US dollar and the Eurodollar are in a death struggle. Powell seems to have the upper hand by forcing borrowers from shadow banks to acquire dollars to repay ever increasing debt service. Powell won't stop raising rates until the Eurodollar banks all fail.
Right now the US dollar and the Eurodollar are in a death struggle. Powell seems to have the upper hand by forcing borrowers from shadow banks to acquire dollars to repay ever increasing debt service. Powell won't stop raising rates until the Eurodollar banks all fail.