In this week’s recap, Lance Roberts and Adam discuss the continued lumps the markets took this week, including the sharp sell-off in oil stocks.
They debate where markets are headed from here, and cautions investors that — even though inflation is an understandable immediate concern — there are so many multiplying examples of demand destruction that disinflation/deflation may be the bigger risk to worry about over the coming year.
It seems very hard at this point not to see the economy falling into recession from here.
They end with a discussion of the poor state of financial literacy in society. Both share their personal journeys of how they awoke to the importance of cultivating a wealth-building mindset.