Thoughtful Money with Adam Taggart
David Stockman: It's "Damn Near Impossible" To Avoid A 30-50% Market Correction At This Point
This episode isn’t summarized yet
Create a free account and summarize it. In a few minutes you’ll have the key takeaways and a section-by-section summary.
Show notes
To better understand the current economic environment we find ourselves in, it helps to better understand how we ended up here.
And few have as detailed an understanding as today's guest, who has been a true insider in both Washington DC and Wall Street for his extremely long & accomplished career.
We're fortunate today to speak with former Congressman, economic policymaker & financier, David Stockman.
He warns that "everything is overpriced" that it will be "damn near impossible" to continue the current high levels of deficit spending without restoking inflation.
It would not surprise him to see a 30-50% downwards correction in financial asset prices begin next year.
WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com
#federalreserve #debtcrisis #deficit