David Haggith: Bond Market Collapse will be Catastrophic

By Herman James / October 06, 2022 / marketsanity.com / Article Link

Palisades Gold Radio, Released on 10/6/22

Tom welcomes David Haggith, publisher of "The Great Recession Blog". He started his website twelve years ago, shortly after the housing bubble. He invented the term the epocalypse, which stands for 'economic apocalypse' that will be epic in scope. You could also call it the second great depression. He says, "For the last two years I've been extremely accurate." The corona crisis brought massive amounts of money printing. The Fed can no longer print enough to support the equity markets. We're going to have plenty of economic breakdowns and damage. It's hard for people to grasp the rate of change that is occurring.

0:00 - Introduction0:40 - Great Recession Calls11:36 - A Precarious Position14:28 - The Feds Rhetoric18:26 - Labor Shortages26:10 - Global Concerns?36:06 - The Bond Bubble Bust37:06 - Another Lehman Moment?39:00 - The Fed is Stuck44:16 - Protecting Wealth49:37 - Wrap Up