
MacroVoices #327 Luke Gromen: Recession with Rising Yields is Entirely Possible
Macro Voices
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Is the Us. Balance Sheet Really Where I Shake Out?
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
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