How the recession in 2023 will differ from 2008 and how you should prepare differently

How the recession in 2023 will differ from 2008 and how you should prepare differently

The hyperinflation of the early 1980s provided a blueprint for the Fed’s action today. To calm an overheating economy, the Federal Reserve raises interest rates and shrinks the money supply. This leads to an economic downturn, which finally breaks the back of inflation at the cost of recession. That’s how it was then, and the …

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