With continued uncertainty in global markets, the Godfather of newsletter writers, 91-year-old Richard Russell, just warned people to be prepared for some shockingly negative news.
Richard Russell Warning
“The Russell scenario: economic statistics come out and they are shockingly deflationary. The Fed and central banks around the world are shocked by the deflationary statistics. As a result, the world of central banks opened their spigots in a desperate attempt to hold back deflation and produce 2% of core inflation…Massive make work programs as per the 1930’s are put in place. With central banks around the world spewing forth currencies, there is a good chance that hyperinflation will make its entrance.
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