In this episode Scott Becker discusses:
Bond rout promises more pain for investors. The markets fell Thursday, were closed Friday and are expected to open lower this AM. The 10 year treasury bond opens at 2.82%. The stock and bond markets are anticipating harsher and quicker raising of rates and a quicker tightening of the money supply. Car prices expected to remain elevated for another 12 to 24 months. Oil prices are at $106 a barrel. Goldman Sachs says a 35% chance of recession within 2 years.
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