If we saw an inflationary recession, which is punctuated by higher interest rates at higher energy costs and higher gasoline prices. As much as that's seemingly in impossible, i'm convinced that the current political administration would probably respond to a recession by doing things like forgiving student debt. But particularly, i think almost everybody is assuming if you had a us Recession, then oil prices would collapse in half. I think that they would dip briefly, but they would then continue to rise. And so it's really along that line of you've got to get nominal g d p high enough to get the debt to g d p low enough so that when you tighten, you don't trigger this short fall
MacroVoices Erik Townsend and Patrick Ceresna welcome Luke Gromen to the show to discuss foreign divestiture of U.S. assets, inflation, precious metals, Luke’s outlook for the USD, and much more. https://bit.ly/39l40sH
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