Bad not for Recaf but ...... us all! This will hit ALL stocks!
Like the bad old days of the Soviet Union when unknown Communist Commissors could decree whatever horrors they wanted on the people our unelected, unaccountable Federal Reserve Governors ( not one in ten can name their local Fed Governor I bet! ) can do the same . And they are so unafraid of the people and arrogant that they openly proclaim it.
From the wires on the Al Capone of the Fed, Jerome Powell, promising his wrath on us:
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In his August 26th speech at Jackson Hole, Federal Reserve Chairman Jerome Powell adopted a hawkish tone, saying that reducing inflation will “bring pain to households and businesses.”
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