“Oh nos, there’s a recession coming!”
CHEERS, say I.
What, you say? You must be nuts! People lose their jobs in a recession and the economy stinks!
Oh, so what’s going on right now doesn’t stink? Sky-high gas prices and a 50% inflation built into the PPI which has yet to work itself through the system — and won’t for at least another year even if all the crazy policies stopped now? Of course it does.
The only reason to fear recessions and higher interest rates is if you, or your firm, is over-levered. To put not so fine a point on it you cheated to obtain what you claim as “prosperity”…….
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