We've Hit A Fiscal And Monetary Dead End
Image Source: Pexels
To better understand the current economic environment we find ourselves in, it helps to better understand how we ended up here.
And few have as detailed an understanding as today's guest, who has been a true insider in both Washington DC and Wall Street for his extremely long & accomplished career.
We're fortunate today to speak with former Congressman, economic policymaker & financier, David Stockman.
He warns that after decades of profligacy, over increasing our debt 100x since 1970 while only growing our GDP by 25x, we've arrived at a fiscal & monetary "dead end".
What does he see ahead?
Higher inflation. Recession. Hard times for Main Street. A 50%+ correction for Wall Street.
And he expects the pain to last for years because he thinks the Federal Reserve can't ride to the rescue in the same way it has in the past.
Video Length: 01:45:50
More By This Author:
Don't Fool Yourself: Higher Rates Will Bring Pain To The Credit Markets
Liquidity Is Still In Charge, But It's Going To Be A Bumpier Ride From Here
Over-Leveraged Consumers & Corporations Pose The Biggest Threat To The Economy
Disclosure: Thoughtful Money LLC is in the application process to be a Registered Investment Advisor Solicitor. We produce educational content geared for the individual investor. It’s ...
more
Comments
