Don't Underestimate This Bear Market: Lower Prices Likely Ahead | Michael Lebowitz
Wealthion - Be Financially Resilient
00:00
We've Got an Inflation Problem
We have inflation because of the pandamic and because of the fiscal response to the pandemic. And there are some supply line problems, which are not some of it's due to fiscal response. So we have an inflation problem. If you want a tame inflation, you raise rates,. You reduce the central banks reduce their balance sheet. That worked very well for the last 30 years. It's not really feasible with the economy sized the way it is. We're ready seeing at six % mortgage rates, and you're slamming a door shut on the mortgage market. Now think about eight or nine % rates. Think about what happens to some of these companies that were borrowing at two or three %
Play episode from 07:30
Transcript
