“In 6 to 12 Months, We’re Going To Have A Big Problem” | Eric Basmajian & Joseph Wang
Is a recession imminent? What will the impact be on asset prices - and to what degree would it cause the Federal Reserve to stop tightening monetary policy?
Today Jack welcomes Joseph Wang, former senior trader for the Federal Reserve, and Eric Basmajian, founder of EPB Macro Research, to answer these very important questions.
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Joseph’s writings can be found at https://fedguy.com/
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(00:00) Introduction
(02:00) Economic Growth Is Stalling
(05:00) What Is A Recession?
(07:22) The Fed's "Unconditional" Commitment To Fight Inflation
(09:20) Odds Of A Soft Landing
(17:36) Timeline of a Recession
(24:28) Fall Of The Commodity Complex
(32:13) Demographics and Inflation
(41:45) Bank Lending's Role In Inflation
(53:45) Conclusion
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.