Triple Witching - Fed, Oil, War
The triple witching of the Fed, Oil, and War is creating an environment where a recession may soon be possible if not likely. In a note to clients, Morgan Stanley warned this week that for the Fed "it will be a challenge to orchestrate a soft landing". As we entered the third year and hopefully the winding down of Covid it appeared the pent-up demand in the economy from lockdowns would be strong enough to keep a recession at bay. While economists are divided on whether a recession may be coming, nearly all see an economic downturn of some degree. Some see the present landscape as similar to the 1980s when Fed Chairman Paul Volcker used high interest rates to get inflation under control which triggered a deep recession.
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Robert W. Neill, Jr. is a sixth-generation farm and land owner and a licensed real estate broker who represents buyers of farm and land properties and is an investor in small businesses and startup companies. He can be contacted through his web site at landhungry.com
