ALERT: James Turk – We Just Witnessed A Huge Wakeup Call For The World…”The big news going forward is that inflation is coming back, and it is happening with a weak economy.”
KingWorldNews.com
June 06, 2016
With crude oil surging 2.3 percent as the Dow moved toward the 18,000 level and gold and silver consolidated recent gains, today James Turk told King World News that what we just witnessed was a huge wakeup call for the world.
James Turk: “Commodities are moving back to center stage, Eric. Last Friday’s unemployment report was a huge wakeup call…
James Turk continues: “The shocker was how few jobs were created in May. Though signs of a weakening economy have been evident for months, Wall Street is finally starting to get the message that a recession is imminent, if in fact one hasn’t already begun. Consequently, the Federal Reserve is not going to raise interest rates in June, nor do I think will it raise interest rates anytime this year.
As I have been saying for years, the federal government cannot afford to pay a fair rate of interest because its debt load is so high. Higher interest rates would worsen the federal budget deficits. So the Fed will keep interest rates low to lessen the federal government’s debt burden. Nor will the Fed raise rates as the presidential election approaches, particularly with the economy weakening.
The Rest…HERE
