The US economy has been long overdue for a correction. The fact that we escaped 2023 without one has many people believing it won't happen. If you understand economics and the danger of not letting the markets organically right themselves, you'll see why 2024 is the reckoning year.
Ultimately, real economic policy will bear out. No matter how much the Fed works overtime to ensure we don't have a recession, it's coming.
That's the problem with building your economic house on Modern Monetary Theory, eventually, the house of cards will implode on itself.
Why have we avoided a recession up until now? Why will all our monetary mistakes come home to roost in 2024?
In this episode, I give a broad overview of the economy right now - the banking crisis, the long overdue recession, and all the other economic tripwires that can take us down.
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