IMF's deputy managing director, Gita Gopanath, warns that central banks may struggle to end inflation. Gopanath reveals three surprising truths: persistent inflation, weak banks, and potential structural decay. Despite aggressive rate hikes, inflation remains entrenched. Commercial banks are revealed to be weaker than anticipated, with more failed banks than during the 2008 crisis.
In this Episode:
- Bloomberg: Real Estate is a “Debt Time Bomb”
- Our Independence in Exile
- GDP could be overstated by 3%
- IMF worries inflation Can’t be Stopped
- Manufacturing falls for 8 Months Straight
- America’s “Fiscal Death Spiral”
- Biden’s McJobs Economy
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