More Economic Pain Is Coming; You Must Get Your House ’In Order,‘ Warns Rick Rule

“My fear is the pain will continue to be felt on a delayed basis, there’s more pain to come,” warns Rick Rule, founder and CEO of Rule Investment Media. He asserts on today’s episode that the Fed’s aggressive rate-hike strategy will lead to even more inflationary pressure, weighing heavily on consumers in the long term. “I’m frankly delighted they’ve been able to get away with as many raises as they have,” Rule tells our Daniela Cambone. Rule advises against trying to forecast markets with as many variables as there are saying, “it’s trying to know the unknowable.” Investors should instead focus on fortifying their portfolios, he concludes.