The Next Big Trade - Luke Gromen on Why It's Best to "Be Long Energy" Right Now
Real Vision: Finance & Investing
00:00
The Credit Market Collapse
"The United States right now is moving toward recession. We're tightening," he says. "We are going to have a shortfall relative to just the interest component of the United States government's expenditures" The FED can monetize the difference by sending energy prices high, or it can crowd out Europe and other countries with cuts in entitlements that will drive up borrowing costs.
Play episode from 16:32
Transcript
