Trump’s talk to the nation this week he promised to destroy Iran’s civilian infrastructure next two weeks and blast them ‘back to the stone age’. Oil and stock markets plummeted. Direct costs per day continued past $70 billion. Will he go ‘TACO’ or send US troops into a ground war? Either way, the broader economic costs will almost certainly push the US, and possibly, global economy into recession. Today’s show explains why. Simultaneously shadow banks in US slide toward instability as the private credit market instability worsens.
Archives
