Did the Banks Just Break?
Real Vision: Finance & Investing
00:00
Are We Going to Have a Hard Landing?
Given everything that's happened, do you think we are going to see a steep recession? Is it more severe? Is it sooner now based on what we're seeing from this banking crisis? I continue to believe this idea of governments and central banks accepting a situation that is bad but doesn't hurt. So we might see a technical recession. We had a technical recession in the United States last year. But you have an evident loss of purchase and power of salaries and now deposits as well. The path is gradual impoverishment and widespread.
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