Greg Hunter – Turkey is invading Syria to force the Assad regime out. Could Turkey, a NATO member, drag the U.S. and NATO into a wider war in Syria? The answer is yes. The biggest threat is Russia that has a naval base and an air base in Syria. Russia is propping up the Assad regime and does not look like it is leaving anytime soon. Has NATO tacitly approved this action by not complaining or objecting to this new military action from Turkey?
https://youtu.be/Sd2wcOUH9BI
The 10-year Treasury bond is vaulting higher, once again. On Thursday, it hit 2.45%, which is nearly an entire percentage point higher than it was in July. Bondholders are losing value because of the rising rates. $1.7 trillion was lost in the last month because of the bond meltdown according to Bloomberg. Is it going to get worse? Are rates going to continue to rise? There is no sign of a turnaround in rates, especially with the Fed signaling of a rate increase at its next meeting in mid-December.
Greg Hunter – Analyst/money manager Michael Pento says the Fed plans on raising interest rates multiple times. Pento explains, “The Fed isn’t going to do a one-and-done rate hike scenario like Wall Street would like you to believe. The Fed publishes . . . where they think the Fed Funds Rate . . . will be at a certain point in time. . . . At the end of next year, the median ‘dot plot’ is 1.5% on the overnight lending rate. So, the Fed is not going to raise one time and retire and go home, and that is not even the most important point. The most important point is we have reached a point where we are entering into a global recession, and this global recession is going to occur even if the Fed did not raise interest rates more than one time. It’s happening now.”