Monday, October 15, 2018

US recession could be triggered by the Federal Reserve

Dennis Gartman in has said on FA magazine that a US recession could be triggered by the Federal Reserve.

"The fuel that had been injected into the system is not being starved, but it’s certainly being inhibited. If they don’t continue some kind of quantitative easing methodology, that will be a precursor of a recession. Eventually, we should also see the yield curve move to an inversion, and six months after that a recession. Are we recession proof? Absolutely not.”