The Fed has never done this in history, expect another 50% market crash – Todd Horwitz

Kitco News, Released on 8/26/22

Stocks and gold tumbled Friday morning as Fed Chair Jerome Powell made hawkish signals during his speech at the annual Jackson Hole Symposium. Todd ‘Bubba’ Horwitz, editor of, discusses his outlook on the markets and gold with David Lin, Anchor for Kitco News.

0:00 – Jerome Powell’s speech
7:27 – Raising interest rates during a recession
12:27 – Gold
15:10 – Student loan forgiveness plan
19:02 – Raid on Trump’s residence
22:14 – Inflation and oil
24:40 – CBDCs

Todd Horwitz — known as Bubba — is chief market strategist of He is a regular contributor on Fox, CNBC, BNN, Kitco, and Bloomberg. He also hosts his daily podcast ‘The Bubba Show.’ He is a 36-year member of the Chicago exchanges and was one of the original market makers in the SPX.

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