UMP Episode 24: We Are Heading For The Worst Economic Recession in Our Lifetime With Mike McGlone

In this episode, we are joined by Mike McGlone, Senior Macro Strategist for Bloomberg Intelligence. Mike walks us through his thesis of severe deflation rather than inflation. Mike believes we are on the precipice of the worst economic downturn in our lifetimes because most central banks around the world are still hiking rates and withdrawing liquidity despite most economies already in or entering a recession.Mike shares why stocks are at risk along with other risk assets including Bitcoin because the Federal Reserve won't be as quick to rescue the market during this downturn if their key inflation metrics remain sticky.FOLLOW MIKE MCGLONE: - Twitter (X): https://twitter.com/mikemcglone11FOLLOW THE SHOW: - Understanding Macro Twitter: https://twitter.com/UMacroPodcast - Website: https://www.understandingmacro.com/ ABOUT THE SHOW: Welcome to the Understanding Macro Podcast, where we explore the intersection of technology, macroeconomics and financial markets. Each week we aim to bring you thought-provoking conversations with our expert guests or introduce you to new concepts to help make you a better-informed investor. Whether you’re just a finance nerd like myself, a seasoned investor, or simply interested in how the macro economy affects your daily life, Understanding Macro has something for you. **Nothing in this show is intended to be investment or financial advice. This content is for entertainment purposes only. Please consult a financial advisor before making any investment decisions**. #investing #stocks #economy