The US economy is heading towards a slowdown as individuals have exhausted their savings and the labor market is not absorbing the influx of people seeking work.

“we have finally burned through, and this is what this picture shows, all of the money that folks had in their bank accounts. And so, what does that force people to do? It actually forces people to reenter the workforce so that they can start to make money. But, the problem is that companies have bee”

The economy is currently in a state of stagflation because interest rates and inflation remain high relative to low GDP growth.

“the economy is only growing by 1.3% and it costs more than 3% more each year to buy stuff. So, that means everyone's spending power is reducing and our ability and our government's ability to tax is declining because the economy is only growing by 1.3%.”

The United States is currently in a shallow technical recession and faces risks of a double-dip recession next year due to delayed impacts of interest rate hikes.

“I think we're in a shallow technical recession right now I bet that we probably bounce out of it in q3 or q4 but I think there's a significant risk that we're back in we're back in it next year just my guess”