Financial Times/Karen Ward/3-7-2023
“The US had a bumper jobs and retail spending report for January. Investors are now wondering whether the recession they had come to accept as inevitable is likely after all.”
USAGOLD note: Central banks play a far more significant role in financial markets than their originators ever intended. To a large extent, the distortions introduced as a result have created an investment world essentially turned upside down and divorced from economic reality. Nobody, including the central banks, has a clue where we are headed.