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Fed Broke Another Central Bank, Global Sovereign Debt Crisis & Financial Turmoil Coming – Ed Dowd
Fed Broke Another Central Bank, Global Sovereign Debt Crisis & Financial Turmoil Coming – Ed Dowd Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Edward Dowd, Founding Partner of Phinance Technologies, who warns that the Federal Reserve finally broke something as interest rates remained at 23-year highs for over a year. Dowd explains that during this rate-hike cycle, what ended up breaking was another central bank – the Bank of Japan. He outlines the consequences of this and says the clock has started counting down towards a global debt crisis. Dowd shares his macro…
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