Cramer questioned Powell’s reasoning. He reiterated that the economy has cooled since October, as demonstrated by weakness in consumer and corporate spending, and if it continues to weaken, more interest rate raises will only cause “a nasty slowdown.”
The “Mad Money” host recommended buying into the “bull market” in gold.
Higher interest rates along with new tax laws on real estate is killing highly taxed states already:
New York's population continues to decline faster than any state, according to new data released Wednesday by the U.S. Census Bureau.
Edited by Rogerdodger, 21 December 2018 - 09:26 AM.