Fissures In The Economy

By Michael Maharrey of SchiffGold
Friday, July 21, 2023 1:47 PM EDT

Tasty cake with flag on bunch of paper dollars

Image Source: Pexels


Janet Yellen recently said she doesn’t think the US economy will slip into a recession. Friday Gold Wrap host Mike Maharrey explains why he doesn’t think we should put a lot of stock on Janet’s prognostications, and he goes on to point out some major fissures in the economy and financial system that are opening up under the surface.


TOPICS DISCUSSED

  • No Recession! Janet Yellen says so.
  • Gold hits 2-month high
  • Leading economic indicators drop again
  • Major default reveals cracks in the commercial real estate market
  • Massive Bank of America paper losses reveal financial crisis is still simmering
  • Jerome Powell is no Captain Sully

Running Length: 00:33:33

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