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
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
