with Special Guest Lance Roberts
Host of StreetTalkLive
& Gordon T Long & Charles Hugh Smith
42 Minutes, 52 Slides
Will the US soon enter a Recession or is it actually in a Recession? Is there a possibility the US is in a Stealth Depression?
Lance Roberts, Charles Hugh Smith and Gordon T Long share their research on this looming question through the use of 52 slides in this fast moving 43 minute video.
Lance Roberts believes the US changed significantly in the early 80's when the US moved from a production and productivity based society to a services society. As a consequence, structural problems are now underlying and potentially worsening the next recession.
The shift away from a critical export lead production society and the resulting economic impact is illustrated as an inflection point in a range of economic charts.
The results have been a steady decline in real disposable income and consumer consumption growth. As a 70% consumption economy this is having grave implications.
A broad range of subjects are debated by this team of three in arriving at a conclusion on what lies ahead. Pensions, entitlement programs, housing, education, demographics and a raft of other areas are cited to support the consensus that emerged.