(10/11/22) Is Jamie Dimon correct in predicting a recession by 2023? 263k jobs number is great, but part of a declining trend. The Paradox of Savings makes for a weaker economy; earnings season is coming with estimates still too high. CEO confidence is at record lows, anticipating layoffs, starting with work-at-home employees. Employment growth is trending negatively. The Fed WILL make a policy mistake, and there is clear evidence Recession will come sooner than later. What kind of inflation is this? Driven by artificial increase in liquidity; the fallacy of Biden's stimulus and poverty; '70's inflation was driven by production, and organic, upward trend. The Volker Mistake; the Fed is operating on lagging indicators. Political divisions are rooted in economic inequalities, and financial "freebies" don't solve problems. Ben Bernanke's Nobel Prize in Economics: was he a firefighter or the arsonist? Why we should have followed the rule of law in 2008 and allowed failing banks to go bankrupt. 2:48 - How the Paradox of Savings Weakens the Economy 14:07 - Is Jamie Dimon Correct About Recession? 30:07 - What Kind of Inflation IS this?? 44:10 - Ben Bernanke - Firefighter or Arsonist? Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer -------- Our Latest "Three Minutes on Markets & Money: WIs Inflation Cooling?" is here: &list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1&t=2s -------- Our previous show is here: "What Happens When the Financial Models Break?" -51p78&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=2681s -------- Articles mentioned in this podcast: "Economic Stagnation Arrives As “Sugar Rush” Fades" https://realinvestmentadvice.com/economic-stagnation-arrives-as-sugar-rush-fades/ -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #Inflation #Recession #Jobs #JamieDimon #BenBernake #NobelPrize #Markets #Money #Investing |
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