Thoughtful Money with Adam Taggart What If A Coming Recession & Bear Market Are The LEAST Of Our Worries? | John Rubino
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Jul 16, 2024 Guest John Rubino discusses the dangers of mounting debt in the US and other G7 nations, questioning the potential catastrophic consequences. Topics include the risks of a global economic experiment, shorting stocks, commodity investments, investment strategies in the mining industry, and the importance of seeking financial advice and avoiding overconfidence.
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Near-Term Economic Outlook
- The US economy faces a potential downturn and bear market in the coming year.
- This is a cyclical event, occurring roughly every ten years.
Dual Timeframes
- Two timeframes are important: the year ahead and the coming decade.
- The coming decade might see the fiat currency experiment fail.
Debt and Systemic Fragility
- Global indebtedness creates fragility and amplifies the impact of recessions.
- Governments and central banks bail out entities to avoid systemic collapse.