Richard Smith

Richard Smith, Chairman of the Foundation for the Study of Cycles, delves into the implications of long-term economic cycles. He argues that the U.S. is entering a phase of rising interest rates and persistent inflation due to record debt levels. Smith highlights the historical context of a staggering $37 trillion debt, the potential for stagflation, and impending market dynamics. He also explores how collective human behavior drives cycles, warns of asymmetrical risks, and examines the effects of geopolitical factors like U.S.-China relations on financial stability.