Problems are mounting in the economy, big companies say, and another Fed rate hike may be one too many

CNBC/Eric Rosenbaum/5-3-2023

photograph of a pyramid shaped sandpile illustrating angle of repose and also vulnerability“The yield curve has been flashing recession for quite a while already, and the index of leading economic indicators is having one of its worst runs ever. But the Federal Reserve has a one-track mind at the moment…”

USAGOLD note: The sandpile analogy comes to mind wherein a final grain of sand is all it took to topple the pile.

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