Andrew Brill welcomes renowned economist Daniel Lacalle, PhD, to discuss the unsustainable trajectory of the U.S. and major global economies, which are already experiencing a private-sector “hidden recession.” Lacalle, Chief Economist at Tressis, unpacks how massive government spending and loose central bank policies are inflating short-term GDP growth while creating long-term risks, including persistent inflation, unmanageable public debt, and debasement and potential loss of confidence in the U.S. dollar, as reflected in the S&P 500 and the price of gold. He highlights the growing disparity between strong headline figures and the struggles faced by everyday citizens, as inflation disproportionately affects the lower and middle class and small businesses. Lacalle advocates for pro-growth private sector policies and warns that only by curbing debt and inflation can a sustainable economic future be secured.
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Chapters:
00:26 - What’s Daniel’s Take on the Economy?
02:28 - The Disparity Between GDP and Real-Life
05:15 - Are Central Banks Truly Restrictive?
07:41 - The Staggering Interest Expense of the U.S. Economy
9:40 - The Dangers of Losing Confidence in the U.S. Dollar
13:18 - Was the 50 Basis Point Rate Cut Necessary?
14:36 - How to Combat Debt and Deficit Spending
17:12 - Are We in a Debt Crisis?
19:25 - Sticky Inflation & Its Impact on the Middle and Lower Classes
26:10 - Is the 50 Basis Point Rate Cut Inflationary?
29:41 - Are We Headed for a Recession or a Soft Landing?
31:38 - How Do We Break the Cycle of Debt & Excessive Spending?
35:34 - What’s Driving the Stock Market Higher?
38:05 - How Can Wage Earners Protect Themselves from Inflation?
41:00 - Where Are Commodities Headed?
44:42 - Will China’s Stimulus Create Problems?
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