AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
1min snip
Lacy Hunt: Prepare For Recession, The Fed's Optimism Is Wrong
Thoughtful Money with Adam Taggart
Negative Net National Saving and Its Deleterious Effects
In 2023, the federal budget deficit exceeded all private and foreign saving contributed to the economy, a situation that has only occurred seven times before. This negative net national saving means the economy is financing consumption by not replacing the depreciated capital stock, leading to deleterious effects that will accumulate over time. This scenario has historically been associated with serious economic contractions such as the Great Depression and the great financial crisis. The United States is currently in this critical situation.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode