Mike McGlone, Macro Strategist at Bloomberg Intelligence, says that “enduring deflation” is perhaps a bigger risk than inflation right now as this financial crisis is showing signs of mirroring the crash of 1929 in scale.
0:00 – Intro
0:56 – Deflation may be enduring
3:29 – Repeat of 1929
5:10 – Stock markets in recessions
7:55 – Labor market and the Fed
9:16 – Now vs. 1929
12:00 – Stock market momentum
14:00 – Deflation
18:10 – Economic reset
19:23 – Oil and energy
24:44 – Gold
30:45 – Bitcoin
33:00 – Best and worst asset of 2023
https://www.youtube.com/watch?v=abFKJMJAIFQ
