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Triple-Whammy: Spiking Inflation, A Slowing Economy and Broken Supply Chains | Michael Every (PT1)
Michael Every, Global Strategist at Rabobank, returns to the program to discuss the trap the world's central banks are in. Spiking inflation resulting from their stimulus policies is colliding with slowing economic growth. Their choice at this point is to impoverish the public through rising costs (and eventually so kill the economy) by continuing to stimulate, or plunge the debt-burdened economy direction into recession or depression by tightening. He also gives us a wide-ranging perspective on the developments in Asia (and China, in particular) and why the current lines of trade and supply chains will need to be re-drawn. See the YouTube Video for the charts and graphics: https://youtu.be/-WyEPltVWMM
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Published on 3 years, 8 months ago