Global Markets And Economies Are In Serious Trouble

"After another chaotic trading week in global markets, today one of the top economists in the world sent King World News an incredibly powerful piece warning that global markets and economies are in serious trouble.  Below is the fantastic piece from Michael Pento.

By Michael Pento of Pento Portfolio StrategiesSeptember 12 – (King World News) – One and Done Fed is a Wall Street Fantasy 

One of the current myths promulgated by Wall Street is that the Federal Reserve will raise rates once this year, breathe a sigh of relief, and be done until the “12th of never.” But those who are familiar with our central bank’s history are aware that the Federal Open Market Committee (FOMC) has never tightened the Fed Funds Rate just once.   

In the spring of 1988 fearing a rise in core inflation, the Fed went on a tightening cycle that lasted from April 1988 to March 1989.  During that time the Fed funds rate increased more than 300 basis points. This episode was followed by a recession beginning in 1990, suggesting that the corrective policy actions may have worsened a weakening economy, and that the Fed is prone to being economically tone-deaf.

Then, during the fall of 1993, a rise in long rates represented a potential inflation scare and led the FOMC to raise the Funds Rate again another 300 basis points between February 1994 and February 1995..."

at http://kingworldnews.com/global-markets-and-economies-are-in-serious-trouble/