Danielle DiMartino Booth: Recession? We Ain't Seen Nothin' Yet!!
Thoughtful Money with Adam Taggart
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Navigating Global Finance and the Shadow Banking System
This chapter explores the intricacies of global finance, highlighting the critical concepts of Basel III and the vast $240 trillion non-banking financial sector. It discusses the regulatory challenges posed by shadow banking and its potential risks of causing a financial crisis similar to 2008. The conversation also delves into the pressures faced by the Federal Reserve's chairman, Jerome Powell, as he navigates interest rate policies amidst rising corporate job cuts and economic tensions.
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