Break The Glass.
The Federal Reserve has now shifted to a full-on, break-the-glass emergency footing on inflation. It’s busting out the big guns in the form of a lumpy interest rate increase and very loud threats that it will not stop until the beast of high inflation is finally slain. And if that remedy pushes the country into a recession, well then so be it. The result was the worst week for the stock market since those scary days back in February 2020.
Markets moved seamlessly from the ghastly Friday of the previous week to an equally dire Monday of last week, plummeting further as speculation began to…
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