We are in the middle of a “Black swan” event that will result in European recession.
Another Reagan Recession Like 1979?
Historically, global stocks have recovered and posted gains after periods of armed conflict—except when a recession followed. In the U.S. we have soaring energy prices and rising inflation, which will hurt household spending. The U.S. household savings rate is already at its lowest point since 2013, providing little cushion for consumers.
The economics in nontheoretically terms of “lies propped up by lying oligarchies”, is Federal Reserve is caught in the middle before today’s meeting. My trading bet, is higher rates and tighter monetary policy for months ahead because they are losing their own war against inflation.
Add to that the perennial standoff in Washington over the federal budget and more than $13 billion in aid for Ukraine plus the massive government infrastructure funding bill, and the economics are simple.
Escalation of massive spending agreements in Congress will lead us into recession.
Kevin J Palmer is a financial industry veteran devoted to challenging economic injustices by empowering others to attain Financial Freedom. His proficiencies are rooted in decades of driving performance for Wall Street giants Merrill Lynch and Paine Webber. Then, as Managing Director at Strategic Management Advisors where partnering with other executives, he built better broker-dealers by improving business models during an industry paradigm shift. Opposing power in the hands of the too few, this writer, rebel, producer, poet exploded into advocacy to end economic abuse and assure morally achieved wealth. Humbled by blessings and aversion to seeing suffering, this unabashed champion of financial justice also participates in wildlife rescue, environmental stewardship–and as recipient of the Governors Archaeology award, is fascinated by the lives of individuals who lived thousands of years ago. By then I had my fill of traveling around the country making myopic security industry owners richer and began doing behavioral research exclusively—not to mention indulging in an old bad habit of Day Trading. Soon, as a give back, so to speak, I began advising the Governor and State Treasurer, pro bono, on how to navigate the Great Recession that we were in the middle of, by keeping businesses open and attracting new enterprises to Arizona. As it turned out I discovered that “we the people” were merely slaves to a self-serving system. My years on “The Street” taught me to understand tone of the tape and how to dull beta and enhance alpha. Working with empty suits who had escaped to government because they would have failed in the private sector, quickly resulted in my frustration. Changing course, I began using my research to write, albeit seditiously at times, about how to resist falling prey to corrupt political machinery that shackles common mankind for its own benefit
Dates EmployedOct 2017 – Present
