Over the past couple of months there has been a monumental shift in public sentiment, and now just about everyone realizes that we are heading into very troubled economic times. Of course there were still a few economic optimists that were searching for a ray of hope, but the Federal Reserve left no room for optimism when it announced the largest interest rate hike in 28 years on Wednesday. When the Fed aggressively raised rates in the early 1980s, it resulted in one of the most painful recessions in American history. Unfortunately, many believe that what is ahead of us is going to be even worse.
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