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#190 Brian Wesbury: 'The Morphine Is Wearing Off' And We're Headed For Recession And A Market Correction
Description
Brian Wesbury, Chief Economist at First Trust Advisors LP, joins Julia La Roche episode 190 to discuss the macro picture and why the economy is likely headed toward recession. He also thinks this overvalued stock market could see a 15-20% correction.
Links:
website: https://www.ftportfolios.com/
blog: https://www.ftportfolios.com/retail/blogs/Economics/index.aspx
X: https://x.com/wesbury
0:00 Welcome Brian Wesbury
1:09 Macro view
3:30 Why we're going to have a recession
4:25 Health of the economy
8:15 Savings rate
10:45 Bifurcated economy
12:30 Housing
15:45 Federal Reserve have separated the money supply from interest rates
19:60 Burns or Volcker
21:20 Cut because of politics
25:20 Debt situation
30:40 Bitcoin
33:44 State-run capitalism
37:00 Markets
40:00 Energy
42:50 Presidential election
47:20 Parting thoughts