Markets Must Have Their Day of Reckoning

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The Federal Reserve just confirmed investor fears when it “approved the largest interest rate increase since 1994 and signaled it would continue lifting rates this year at the most rapid pace in decades…” as The Wall Street Journal reported today.

Scary as the prospect may be, the economy is long overdue for a crash. And the more we postpone that Day of Reckoning, the worse it will be.


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