#990 The State of the 2022 Economy
The Pomp Podcast
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The Global Economy Is a Complete Mess
The global economy is a complete mess. We get monetary policy that created inflation, ind fiscal policy that created high inflation. We then got asset prices that exploded upwards. As tons of easy money was made, then we got people who became undisciplined investors. All growth al stocks, et cetera, are down significantly. In some cases they're down 30, forty, 50%. Some as much as 80 or 90 %. And so those are heavily correlated risk on assets. When there's loose monetary policies, those have come down. Except those value stocksor a kind of non growth stocks, will continue to perform a decently well.
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