The Fed Is Stuck, 2 More Rate Hikes Will Bring Down The Economy
Kobe Steel scandal goes nuclear, company faked data for a long time, this is not the only company, there will be others. Industrial production revised and manipulated, manufacturing has not gone anywhere. Deutsche Bank warns that if the Fed does 2 more rate hikes the economy will be in crisis mode. The economy is teetering on a disaster and if the rates are raised anymore it hit the auto, housing, student loan and everything else and bring the economy to screeching halt.