Why this financial crisis will rival 1929, bring 'deflation in everything' | Mike McGlone

Mike McGlone, Macro Strategist at Bloomberg Intelligence, says that "enduring deflation" is perhaps a bigger risk than inflation right now as this financial crisis is showing signs of mirroring the crash of 1929 in scale.

FOLLOW MIKE MCGLONE:
Twitter (@mikemcglone11): https://twitter.com/mikemcglone11
LinkedIn: https://www.linkedin.com/in/mike-mcglone-a8442513/

UPCOMING CONFERENCES:
Virtual: Electric & Battery Metals Bootcamp (April 29):https://hopin.com/events/rick-rule-s-spring-bootcamp-1aa99edc-1c1a-436a-8cab-5caf2464fab0?utm_source=aff&utm_campaign=9

Boca Raton, FL: Rule Symposium on Natural Resource Investing (July 23-27): https://opptravel.zohobackstage.com/TheRuleSymposiumonNaturalResourceInvesting2023#/?affl=DavidLinmedia

FOLLOW DAVID LIN:
Twitter (@davidlin_TV): https://twitter.com/davidlin_TV
TikTok (@davidlin_TV): https://www.tiktok.com/@davidlin_tv
Instagram (@davidlin_TV): https://www.instagram.com/davidlin_tv/

For business inquiries, reach me at [email protected]

*This video is not financial advise. The channel is not responsible for the performance of sponsors and affiliates.

0:00 - Intro
0:56 - Deflation may be enduring
3:29 - Repeat of 1929
5:10 - Stock markets in recessions
7:55 - Labor market and the Fed
9:16 - Now vs. 1929
12:00 - Stock market momentum
14:00 - Deflation
18:10 - Economic reset
19:23 - Oil and energy
24:44 - Gold
30:45 - Bitcoin
33:00 - Best and worst asset of 2023

#investing #stocks #recession