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17min chapter
Michael Pento: Recession Soon, Then Rampant Stagflation
Thoughtful Money with Adam Taggart
The Looming Economic Challenges and Federal Reserve Policies
This chapter delves into the history of the US dollar, criticizing the Federal Reserve's actions of printing money, leading to unsustainable debt levels and asset bubbles. It explores the rising borrowing costs and their impact on banks, highlighting the divergence between S&P prices and bond yields. The discussion anticipates significant repercussions when interest rates reach 4.8%, expressing concerns about the fragile state of the economy and questioning the effectiveness of proposed solutions.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode