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Downside in Asset Prices Will Be Vicious, Damage To Span a Generation: Steven Wilkinson
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Author of the Pitchfork Papers substack and Business Consultant Sir Steven Wilkinson sees an unprecedented re-evaluation of asset values that will scare an entire generation away from risk assets for the foreseeable future. Steven also discusses his transformation from quiet conservative to radical libertarian and why wanting to just be left alone may become more dangerous in our current political climate.
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Pitchfork Papers: https://goodandprosper.substack.com
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00:00 Introduction
03:20 Background on Steven Wilkinson
11:55 Damage of Cheap Credit
14:39 Which Businesses Are Most Vulnerable?
18:46 Debt and Austerity
23:23 How Does the National Debt Resolve?
30:22 Core Drivers of This Cycle
34:08 Time Frame of Recession
36:24 How to Protect Wealth
42:39 Reasons to Own Gold
52:12 Conservative to Libertarian
01:01:48 Risk of Neutrality
01:08:22 Danger of Relinquishing Accountability
#recession #inflation #bearmarket
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