from ZeroHedge:
On the eve of The Fed’s big decision to hike rates 75bps or 100bps in an effort to shock the system and tamp down out of control inflation, no lesser entity than the CCP-backed Global Times penned an editorial attacking US monetary policy, entitled: “The strong dollar should not become a sharp blade to cut the world.”
The editorial begins by noting that tomorrow’s rate-hike will likely further strengthen the US Dollar, which “for many countries in the world,” China says, “might be the beginning of another nightmare.”
GOLD CLOSED DOWN $6.65 TO $1663.05//SILVER CLOSED DOWN 18 CENTS TO $19.17//PLATINUM ROSE BY $2.45 TO 921.15//PALLADIUM CLOSED DWON $69.10 TO $2147.10//UPDATES ON EUROPE/GERMANY’S ECONOMIC WOES RE ENERGY//HUNGARY’S GAS STATIONS WILL RUN OUT OF GAS IN ONE WEEK//EU THREATENS HUNGARY AGAIN AS THEY REFUSE TO TOE THE LINE//SWEDEN SHOCKS MARKETS WITH A 100 BASIS POINT INTEREST RATE RISE//RUSSIA VS UKRAINE UPDATES//COVID UPDATES//VACCINE MANDATES//DR PAUL ALEXANDER///VACCINE IMPACT//VACCINE INJURY//ATLANTA FED LOWERS Q3 GDP TO ONLY .3% YEAR/YEAR: IT WILL BE BELOW PAR BY THE END OF THE QUARTER//HUGE CRASH IN HOUSING PERMITS AS THE HOUSING SECTOR IN THE USA IMPLODES
