Lacy Hunt: Brace For A Credit Crunch + A "Serious" Recession

Wealthion - Be Financially Resilient · Jul 27, 2023 · 1h 6m

For a good while now, experts, including many of those appearing on this channel, have been warning about the "lag effect" of the aggressive interest rate hikes and quantitative tightening program conducted by the Federal Reserve and other major world central banks over the past year.

These experts have cautioned the speed & severity of these cooling measures would cause a sharp economic slowdown that could easily result in recession, deflation & a material correction in the financial markets.

But here mid-year in 2023, the economy is chugging along at 2%+ GDP growth, inflation remains at 3%…