Precious Metals News
Spoiler Alert: Not if the supply chain is still broken...
Several Wall Street experts are warning that despite moving higher in recent weeks, the stock market still has further to fall, with recent gains likely to be nothing more than a "bear market rally!"
Markets Insider: Jeremy Grantham Predicts a Huge Decline in Stocks and Slams the Fed in a New Interview
"I expect the Fed to be behind the curve, to be deep into optimism. It doesn't really have a clue about market bubbles, and the damage they do when they break!"
"The Fed is navigating through the rear-view mirror, which is dangerous at any speed, so I do think that the markets are going to be in for a rude awakening here!"
Markets Insider: Dennis Gartman Says Stocks are Rallying in a Bear Market, and All the Data Points to An Economy in Recession
Morgan Stanley echoed the same view but warned that huge dips may still lie ahead for the market!
"We will have a serious recession; many people will go bankrupt! There's no other way to solve the problem other than to have double-digit, Volcker-esque interest-rate hikes!"
The economic experts point to the $433 billion in proposed government spending, which they argue "would create immediate inflationary pressures!"
Are taxes going up? Modern Monetary Theory says YES.
CNBC's Jim Cramer on Wednesday told investors that gold is poised to rally, making now an optimal time for investors to pounce.
Pozsar writes that the Fed may need to raise interest rates to either 5% or 6% and keep them there for a sustained period of time in order to cool down consumer demand!