Professor David B. Collum from Cornell University discusses the danger signs in the economy and the potential for a crash that the Fed has contributed to and may not save us from. Jason and Professor Collum also discuss unseen inflation and investors reaching for yield because of low interest rates.
0:00?EUR< Introducing David B. Collum3:12?EUR< Economy was in trouble before the pandemic4:56?EUR< What do you mean by bubble?6:41?EUR< Bonds are profoundly overpriced7:55?EUR< How have we avoided hyperinflation?11:02?EUR< David earned 1.25 pizzas per hour at age 1414:07?EUR< Many products depreciate quickly19:05?EUR< Wealth creation higher in 1920's20:48?EUR< Inflating away debt21:40?EUR< Lenders are not compensated fairly23:20?EUR< Investors are reaching for yield25:27?EUR< The Fed is creating instability29:17?EUR< China hasn't added leverage during pandemic29:43?EUR< National debt is too high36:00?EUR< Hedge fund managers have bug-out plans41:25?EUR< David's Twitter: @DavidBCollum
David B. Collum is an economic commentator, chemist, Betty R. Miller Professor of Chemistry and Chemical Biology at Cornell University. He holds a PhD, Columbia University, MS, Columbia University, MA, Columbia University and BS, Cornell University.