Click here to get this article in PDF
AP/Paul Wiseman, Kelvin Chan, Samy Magdy and Ayse Wieting/10-18-2022
“’A strong dollar makes a bad situation worse in the rest of the world,’ says Eswar Prasad, a professor of trade policy at Cornell University. Many economists worry that the sharp rise of the dollar is increasing the likelihood of a global recession sometime next year.”
USAGOLD note: In many countries, one direct outcome of the strong dollar, as detailed at the link above, is elevated inflation. It causes problems for ordinary people and alters lives. Though recession might be a future concern, the inflation problem is here and now.
The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.