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#96: Authoritarianism | Vaccine Sophistry | Coronavirus | Essential Fatty Acids? | Ray Peat with Chris Masterjohn
Generative Energy Podcast
I Think We're Going to Be in a Slow Moving Recession
I think we're, we're going to be in a very slow moving recession that's going to hit maximum pain at the end of next year. Europe is being forced into a problem where they are strat. They're basically on, the Fed has them on two legs trying to, how do I do it? Trying to straddle restricting their money supply so that the euro doesn't lose all its value rather relative to the dollar. But what happens when you contract money is that the interest rate spreads between high risk and low risk credit blowout. When money's gushing everywhere, you can give a loan to anyone. It doesn't matter. Why we have like subprime housing crisis back
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