John Rubino's Substack

John Rubino’s Substack

Recession Watch: Three Big Things

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John Rubino
Jun 24, 2026
∙ Paid

The markets are, ahem, unsettled these days. But the Iran war isn’t the main culprit. Three other events are potentially both scarier and longer-lasting:

The Fed Flirts With Tighter Money

New Fed chair Kevin Warsh presumably went through an interview process in which President Trump or his surrogates demanded lower interest rates and Warsh agreed.

Then, W…

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