Following up on yesterday's round table discussion on overcoming angst, John and Carol collaborate today to look at the new normal (or ongoing paradigm shift) in the world of economics. They look at the global economic picture, the actions of central banks around the world, and how the virus is affecting businesses both big and small. They also play a clip from this week's McAlvany Weekly Commentary on how the markets are realigning to the new normal.
On today's podcast, John dives into the economic reality facing not only the United States, but also the rest of the world. He looks at the trend of global central banks toward inflation, the outlook of things financially, both long-term and just over the horizon, and the traps and pitfalls that mark the lead-up to a Socialist takeover of an economy. So will it be an absolutely horrible future for the world? No, but it is wise to keep smart counsel, recognize the signs moving forward, and act to try to mitigate the pain that will be coming.