currency

In this week’s Off The Cuff podcast, Chris and Wolf Richter discuss:

• Tesla’s Woes
  • A harbinger of what’s coming for many other overvalued companies
• How Bad Could A Trade War With China Get?
  • There will be lots of unintended consequences
• Why The Smart Bet Is On Currency Devaluation
  • Governments will print forever to prevent catastrophic losses from happening
• Recession Ahead!
  • The global macro data continues to look worse and worse

In this excellent discussion, Chris mentions “It feels like we’re so far down the state intervention pathway that I’m not sure that there is a way back to free and fair markets at this point in time. And it would take something fairly cataclysmic I think to upend that, something like an out of control currency accident for China, taking it out of their hands, for instance. ”