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The Global Economy Is Heading for a Severe Hard Stop! Prepare Yourself!

April 3, 2023

Mike McGlone, a senior Macro Strategist for Bloomberg Intelligence, joins the show, and we discuss the recent news that Credit Suisse Default swaps have hit a record high as the failure of SVB affects banks. We explore the potential for a severe economic hard stop and question whether this is Lehman 2.0. We seem to be heading toward the greatest global macroeconomic reset of our lifetime. Mike shares his thoughts on the future of gold, predicting it will surpass the $2k mark and never look back. Mike is very bullish on gold, and we discuss why this may be a smart investment strategy.

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A medical study in France during the early twentieth century suggests that gold is an effective treatment for rheumatoid arthritis.
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