Rescission? or NO Rescission?

     Are we heading to a rescission?  the FED Jerome Powell states NO.  But is this the case?  to be honest I am not a hundred percent sure of this.  when asked about it over the weekend Powell said NO and do not bet against Trump. He went on to state that the state of the economy is in a great place and will stave off the looming Spector of a slipping economy.  Now Trump himself was also asked the same question recently and he had a much better answer in my opinion stating, " I don't want the make predictions on the economy and the future".  This answer refuses to place him in a proverbial box.  Because if the country does dip into rescission, it will be a bit more difficult to hand the sign around Trumps neck like the former Biden administration with the inflation is transitory comments.  We all knew inflation was here to stay.  Way too much money was blown into the economy for it to be a blip.

    Now getting back to the notion of a rescission, I think yes, we are sliding into one.  We have way too much money blown into the economy and it still needs to be worked out, the job out looks are still soft wages are Stegent, and inflation is still ticking up.  Now I do not feel it will be a lost decade like Japan went through.  but a short punch to the gut that will be a little painful at first.  But after the velocity of money is burnt threw and the energy sector up and flowing bringing down gas and oil prices the ripple effect will eventually bring down all prices and make our retirement accounts rebound.  but in the meantime, I'll be pushing pushing tangible assets such as gold  / silver, guns, whisky, land what ever places where I can park wealth and hold it.