With the passing of the new $5 trillion COVID stimulus package for "Build Back Better," the risk of inflation on a scale closer to World War II levels is becoming a growing concern among economic experts, as previously passed stimulus bills continue to add pressure to the economy.
President-elect Joe Biden promises a much bigger, more aggressive stimulus plan to address the current crises in the economy. The plan includes a third round of checks to every American household, but it still needs to pass Congress.
This podcast discusses Druckenmiller's prediction of a recession in the real world economy, and how this can be a valuable guide on when to buy equities.
The technical definition of recession relies on two consecutive quarters of negative GDP growth, which is seen as outdated by many economists. With the current recession, there is a fear that policymakers could make the same mistake they did with inflation by downplaying its seriousness.
It's not always the case that the price of energy rises during a recession, but historically, it's always been the case that when energy prices spike by 50 percent, we enter a recession. There is a possibility for a coordinated effort by central banks and governments to provide liquidity to the market and subsidize prices coming down to avoid a global recession.
Host Dan Bongino discusses how America is officially in a recession due to President Biden's handling of the economy, and highlights Politifact's flawed fact-checking in regards to the Bobulinski story.