Overview of the Macro Landscape and Recessions

In this podcast episode, the macro landscape is discussed, focusing on the possibility of a recession. Various indicators, such as global central bank assets contracting, yield curve inversions, high unemployment rates, and manufacturing below the 50 level for over 12 consecutive months, point towards a potential recession. It is argued that despite a recession not happening yet, the overvaluation of equity markets and the expectation of robust corporate earnings indicate that there are better investment opportunities elsewhere, particularly in precious metals and undervalued assets.