GoldSeek Radio Nugget -- Professor Laurence Kotlikoff: An Even Greater Recession?

Esteemed Economist and prolific author at Boston University, Professor Laurence Kotlikoff, returns to the show with insights into the domestic economic situation.

1.05 - The impact of sharply higher US interest rates.

5.01 - Inflation Protection ETF: ticker symbol (TIPS).

11.02 - Housing prices, refinancing opportunities and limited housing supply.

13.50 - Financial sector challenges resemble the S&L crisis: There is empty office space in the big cities and more than half the banks, on a market-to-market basis, are underwater according to recent study after SVB failed. We will have a long-running banking crisis similar to the S&L crisis. You will have a series of mid-size banks fail and Moody's 10 major banks on a warning list.

You've got the banks holding loans on commercial real estate that could go under. The interest rates, the fact you earn less on your investments than you're having to pay on your money to try and save yourself, that you're willing to take a riskier position because of the crunch that you're in, and commercial real estate...

21.00 - Maybe it's a 30% chance of another great banking crisis, which ends up being called a Great Recession. Maybe it's going to be called an Even Greater Recession.

21.40 - Will the next recession rival the Great Recession of 2008? The biggest concern about the recession isn't the economy, it's the financial system. The recession of 2008-2009 was panic based. There was no fundamental basis for it. The Great Recession was the Big Panic of 2008, and we could have it happen all over again.

22.20 - Social Security claw-back information - https://maximizemysocialsecurity.com/ - the government tries to claim they paid people too much and take it back. Calculate what your benefits should be.

https://substack.com/@larrykotlikoff