Powell has been extraordinarily consistent in his discussions and is not shifting, says Paul Nolte of Kingsview Investment Management. He and Ben discuss the warnings from President Biden to companies about the risks of doing business in Hong Kong. He says the bond market is concerned about growth in the latter half of the year, and maybe in 2022. He points out that the economy is not coming back as quickly as everybody thought. He says the interest rate market is saying that the risks of a recession are actually rising more so than falling. He and Ben analyze the strong U.S. Dollar (/DX) versus the other parts of the world.
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