Forget Vegas sports betting for reckless speculation. When the Fed officials make projections, the markets assume they are accurate. However, as Jerome Powell himself admits, forecasts are speculative at best.
No matter the situation, bank CEOs believe that the Big Score is just around the corner. Then reality hits.
Decades of low interest rates have ruined saving in the US economy, and banks are going to pay dearly for it.
Ryan and Tho are joined by economist Mark Thornton to take a look at why so many economists keep telling us the economy is in great shape.
While unemployment currently is low and the rate of inflation has fallen somewhat, Bidenomics is setting off a boom that is unsustainable. We know what happens next.
Hollywood can create stories from thin air, but when the film industry creates malinvestments, there is a bust in the future.
As the US economy sours, look for a wave of new bankruptcies. The Fed cannot pull any rabbits out of its monetary hat this time.
We should not just be concerned about problems in the American banking system, but also about the proliferation of Eurodollars.
Mark suggests that you prepare yourself for big negative surprises in the economy and additional government power grabs.
Decades of low interest rates have ruined saving in the US economy, and banks are going to pay dearly for it.
