with Special Guest Lance Roberts
Host of StreetTalkLive
& Gordon T Long & Charles Hugh Smith
42 Minutes, 52 Slides
Will the US soon enter a Recession or is it actually in a Recession? Is there
a possibility the US is in a Stealth Depression?
Lance Roberts, Charles Hugh Smith and Gordon T Long share their research on
this looming question through the use of 52 slides in this fast moving 43 minute
video.
Lance Roberts believes the US changed significantly in the early 80's when
the US moved from a production and productivity based society to a services
society. As a consequence, structural problems are now underlying and potentially
worsening the next recession.
The shift away from a critical export lead production society and the resulting
economic impact is illustrated as an inflection point in a range of economic
charts.
The results have been a steady decline in real disposable income and consumer
consumption growth. As a 70% consumption economy this is having grave implications.
A broad range of subjects are debated by this team of three in arriving at
a conclusion on what lies ahead. Pensions, entitlement programs, housing, education,
demographics and a raft of other areas are cited to support the consensus that
emerged.
