John Rubino – Falling Bond Prices and Rising Inflation Put Pressure On The Consumers Wealth Effect
John Rubino, Founder and Editor of The Dollar Collapse website, joins us to discuss the falling bond prices causing rising interest rates, and paired with rising inflation and market volatility that are putting a dent in the “wealth effect” that consumers feel during boom periods. We explore that despite the Fed policy of hiking rates to try and combat persistent and high inflation, that rising interest will eventually impact the general equities markets and real estate markets in a corrective fashion. The discussion then leads into the many data points, including rising energy costs and food costs, that are tapping out consumers discretionary spending, and starting to add up to slowing growth estimates and a potential recession about a year out. We wrap up with the key factors John will be watching as things continue to unfold.