The Julia La Roche Show

#190 Brian Wesbury: 'The Morphine Is Wearing Off' And We're Headed For Recession And A Market Correction

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Aug 13, 2024
Brian Wesbury, Chief Economist at First Trust Advisors LP, shares insightful perspectives on the economy. He predicts a looming recession and a potential 15-20% correction in the overvalued stock market. Wesbury highlights the fragility of recovery post-lockdown and warns of the impacts of rising unemployment. He critiques the Federal Reserve's separation of money supply and interest rates, and discusses the growing wealth disparity. The conversation also touches on ideological battles between capitalism and state-run economies as the U.S. election approaches.
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