The last time today's guest was on the program, he made the case that the world's largest nations, burdened by over $200 trillion worth of dollars in debt, better "get busy inflating or get busy defaulting"
Since then, many of these countries have tightened their monetary policies.
Does that mean a cascade of defaults lies ahead?
To find out, we welcome back macro analyst Luke Gromen to the program. We'll also talk about the outlook for the markets, the US dollar, gold & oil, as well as the odds for a coming recession.
Timeline:
00:00 Intro 1:56 Current Assessment of Markets 4:00 Central Bank Fortitude 12:20 The Fed’s Dilemma 18:00 Can Society Survive Higher Rates? 22:00 Universal Basic Income 27:05 Fed Pivot & Secular Inflation 33:07 Emperor Luke 39:50 How Urgent is This Crisis? 48:28 Outro
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