#190 Brian Wesbury: 'The Morphine Is Wearing Off' And We're Headed For Recession And A Market Correction

Brian Wesbury, Chief Economist at First Trust Advisors LP, joins Julia La Roche episode 190 to discuss the macro picture and why the economy is likely headed toward recession. He also thinks this overvalued stock market could see a 15-20% correction. Links: website: https://www.ftportfolios.com/ blog: https://www.ftportfolios.com/retail/blogs/Economics/index.aspx X: https://x.com/wesbury 0:00 Welcome Brian Wesbury 1:09 Macro view 3:30 Why we're going to have a recession 4:25 Health of the economy 8:15 Savings rate 10:45 Bifurcated economy 12:30 Housing 15:45 Federal Reserve have separated the money supply from interest rates 19:60 Burns or Volcker 21:20 Cut because of politics 25:20 Debt situation 30:40 Bitcoin 33:44 State-run capitalism 37:00 Markets 40:00 Energy 42:50 Presidential election 47:20 Parting thoughts

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Julia La Roche brings her listeners in-depth conversations with some of the top CEOs, investors, founders, academics, and rising stars in business. Guests on "The Julia La Roche Show" have included Bill Ackman, Ray Dalio, Marc Benioff, Kyle Bass, Hugh Hendry, Nassim Taleb, Nouriel Roubini, David Friedberg, Anthony Scaramucci, Scott Galloway, Brent Johnson, Jim Rickards, Danielle DiMartino Booth, Carol Roth, Neil Howe, Jim Rogers, Jim Bianco, Josh Brown, and many more. Julia always makes the show about the guest, never the host. She speaks less and listens more. She always does her homework.