The risk of collateral damage are growing..Everyone is trying to add confidence to the market by predicting that the FED will drop Interest Rates down to 4% or whatever by years end but I'm not buying it, the FED wants 2% regardless of what is at risk and I find it would be a mistake taking their foot off the gas assuming there's no Credit Crunch or Financial Meltdown but putting the economy back at risk of Inflation heading higher will take precedence so betting on the FED reducing Rates at this point is nearsighted for 2023. I've been keeping an eye open for ticking timebombs still in the Financial system and Schwab name keeps coming up people have to understand that an economy that has to borrow its way out of trouble is heading right into it as far as I'm concerned how can they carry all this debt with rising Interest Rates in a slowing economy thats heading for more than a 3/4 recession in my eyes. The other problem is how banks are all intertwined so when one hurts the pain is felt throughout the world and anyone who can gaurentee that the Financial system is in excellent health is sugarcoating the truth. If the banks were in such great position than why is borrowing from the FED at levels never seen. I think all the bullish outlooks for Oil would change if Oil heads below $72 again so as long as it keeps heading higher than winner-winner but I'm not as confident that Oil will continue towards $80 and I hope I'm wrong about everything no one wants a crises. Godspeed!
Charles Schwab Has 7 Trillion Reasons To Study Japan (forbes.com)
