Will mounting debt be the factor that finally plunges the economy into recession?
Jerry Flum has been warning of the consequences of debt — personal, corporate and governmental — for years. Now, however, with the economy in such a precarious position, still feeling the effects of pandemic, inflation, record-high interest rates and labor shortages, it might be debt that brings the whole edifice crashing down. Chief executive officer of CreditRiskMonitor, Flum returns to The SupplyChainBrain Podcast to bring us up to date on the debt situation, and assess the chances of a “huge contraction of wealth” due to still-rising levels of debt that far exceed GDP and the positive output they’re supposed to generate. He also explains how we got into this mess in the first place. Hosted by Bob Bowman, Editor-in-Chief of SupplyChainBrain.
A blog post: “Inflation Hits Highest Point in a Generation as Overleveraged Companies Struggle.”
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