Why This Financial Crisis Will Rival 1929, Bring Deflation in Everything
Why this financial crisis will rival 1929, bring 'deflation in everything' | Mike McGlone
David Lin: 4-3-2023
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.
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