A trillion-dollar game of chicken

Daily Reckoning/James Rickards

Repost from 10-18-2021

graphic image recession ahead sign on darkened road leading to city

“One study from the Federal Reserve Bank of San Francisco in collaboration with outside academics showed that of the 15 highest-fatality pandemics since the Black Death in the mid-1300s, the average time needed to return to normal levels of interest rates, growth and employment is more than 30 years.”

USAGOLD note: Rickards still thinks disinflation is in the cards and warns that we should “get ready for a recession in 2022.” The trillion-dollar game of chicken he references has to do with the $4.5 trillion infrastructure and “welfare” legislation now before Congress – a federal government response “characteristic of a new Great Depression.”

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