Season 2 · Episode 241
A Global Perfect Storm
The David McWilliams Podcast · David McWilliams
May 24, 202228m 6s
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Show Notes
Markets are suffering from global contagion. Stock markets are down 22% this year. Bonds are tanking too. There are at least four if not five proximate reasons as the global economy heads towards coordinated recession. China (17% of the global economy) is at a stand still due to zero covid, the US is fighting inflation. Europe's real incomes have been squeezed by "Putinflation" and emerging markets are running out of dollars. We tease out the big picture and what it means for all of us.
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