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Jerome Powell just sent shockwaves through the financial system by saying that Financial conditions are tightening after Silicon Valley Banks collapse and that could slow the economy specifically he said that Financial conditions have tightened by more than the traditional indexes say which means that the Fed chair of the United States is telegraphing that theres going to be a credit crunch in the financial sector throughout 2023 something that is likely to lead to an even worse recession something that I reported to you all last week but not only that everyone not only that Powell also hiked interest rates by 25 basis points putting the short-term federal funds rate all the way up to 4.9 percent the highest its been since 0.607 right before the last financial crash so folks the parallels with 2007-2008 keep stacking up and I think were on the precipice of seeing this economic recession or depression break loose in fact it might already be breaking loose everyone because the layoff
