Ep. 65 - Now That Interest Rates Are Up and Stocks Are Down…What’s Next?

We now have Stagflation or if you prefer, Stayflation with an oncoming recession. Globalization is quickly morphing into two trading blocs (China/Russia and U.S./Europe/Japan). Many countries are temporarily caught in the middle. Russia/China is moving rapidly to Yuan/Rouble oil and natural gas trading while bypassing the U.S. dollar SWIFT global financial network. Many import/export relationships are changing with higher prices a likely outcome for many months ahead…if not years.