The clock is ticking, and our guess is in the next six to twelve months we will end up in a recessionary environment, says Paul Nolte, Sr. VP of Kingsview Wealth Management. He points to retail sales slowing, oil and automobiles down, inflation, and the raising of interest rates that will invert the yield curve. The Fed's balance sheet is going to be a huge issue going forward, he adds. Russia's Central bank keeps rates unchanged at 20%. Paul and Ben discuss emerging markets and currencies.
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