For the first time, it seems, the Federal Reserve Bank is operating at a loss and has negative cash flow. According to the Economic Research Report, published by First Trust, the Fed's historic rate of interest rate hikes has not only hurt some bank's liquidity, but has negatively affected it's own. Read this eye-opening report here.
Brian Wesbury, Chief Economist at First Trust, sees a collision ahead. With M2 (money supply) coming to a halt in 2022, a slowdown and possible recession are on the horizon. Brian has been accused of being a perma-bull for many years, believing we were in a long-term bull market. He was right! As Brian says, as facts change, views change. Read his thoughtful economic outlook here.
