The Recession in the Global Economy

I think we're going into a global recession, but that does not necessarily mean the US is going to also have a hard recession. It's all about relative strength and weaknesses. And in this era, the only thing they can do is pump credit. They can pump the credit bubble higher. But what they can't get is sustained growth. The characteristic of this depression is zero growth, okay, low growth and low inflation. That's what we're returning to. So yes, while it's going to feel really recessionary, it's will be like a depression. I've felt like a depression personally for 12 years.

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