Are we headed into a GLOBAL depression?
Sign up for free
Listen to this episode and many more. Enjoy the best podcasts on Spreaker!
Download and listen anywhere
Download your favorite episodes and enjoy them, wherever you are! Sign up or log in now to access offline listening.
Description
We have people trying to figure out how many people they can feed with one package of Ramen noodles and Nancy Pelosi is giggling over her 2 fully stocked fridges...
show moreAre we headed for a GLOBAL depression or is it more hype? Is the oil collapse going to trigger it? Brent Berarducci, Principal and Manager of Blacklion Capital Management, makes an economic prediction saying we should pray for a recession to avoid a depression. How are we going to recover? Oil prices dropped because demand dropped so low that they didn’t have enough room to store the excess supply.
Brent does not believe it will be a V-shaped recovery and will look more like a flat-U.
Look for a supply-chain realignment in our new normal, with fewer items coming from China. Manufacturing for higher dollar items may not come back to the U.S., but will probably leave China for other countries like Mexico.
Information
Author | The Joe Messina Show |
Organization | The Joe Messina Show |
Website | - |
Tags |
Copyright 2024 - Spreaker Inc. an iHeartMedia Company