To better understand the current economic environment we find ourselves in, it helps to better understand how we ended up here.
And few have as detailed an understanding as today's guest, who has been a true insider in both Washington DC and Wall Street for his extremely long & accomplished career.
We're fortunate today to speak with former Congressman, economic policymaker & financier, David Stockman.
He warns that after decades of profligacy, over increasing our debt 100x since 1970 while only growing our GDP by 25x, we've arrived at a fiscal & monetary "dead end"
What does he see ahead?
Higher inflation. Recession. Hard times for Main Street. A 50%+ correction for Wall Street.
And he expect the pain to last for years because he thinks the Federal Reserve can't ride to the rescue in the same way it has in the past.
Follow David at https://www.davidstockmanscontracorner.com/
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#marketcrash #inflation #recession
