Forbes/Jason Bisnoff/6-28-2022
“We may get to a point sometime over the next three to six months, where the dollar starts to weaken on a relative basis as the US economy slows, and as other economies and central banks start to tighten. It may be that we get into a scenario where even though the Fed may have some success squashing demand [for goods and services], we may not squash inflation.” – Lisa Shalett, Morgan Stanley, Chief Investment Officer
USAGOLD note: What Shalett is saying in so many words is that supply will be squashed as well as demand. Commodity prices theoretically rise under such circumstances even as demand cools pushing up the inflation rate – not the outcome the Fed is looking for.
