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Podcast: The Schaftlein Report
Episode: The Schaftlein Report | Are We in a Recession?
Description: Â 1) President Biden - "We are not going into a Recession". Is he correct? 2) Walmart cuts forward guidance - blames inflation effecting its consumers. We have been discussing this for months. 3) Consumer Confidence falls to lowest level since 2-21. Fed poised to hike rates 75 basis points 4) The Average cost of a new car from GM is $50,500. WOW! 5) Oil and Gasoline prices likely to stay high as Refiners face increasing costs for Insurance, maintenance, heating cost to tun the facilities, physical hazards and debt. No new refiners are being build a...