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Fed Keeps Interest Rates Steady
The Federal Reserve decided not to change interest rates because they think they've already increased them a lot. This made global bond prices drop and interest rates go up because people expect higher rates worldwide.
Watch more of this short video from Expect Gargantuan Stimulus When 'Something Breaks' Under Today's High Rates | Brien Lundin.
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There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?
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