Is this the start of something darker?

“If it’s something darker, like 2000, 2007, or 1989, then we’re going to need material interest rate cuts. In those cycles, we’ve needed 300 to 500 basis points of interest rate cuts, but now we’re starting with only 250 available.”

In the video below, Charlie explains what will lead the economic cycle, and why one or two rates cuts won’t be enough to do the job.

This video is an excerpt from a longer interview with Charlie. Read an edited transcript of the full interview here.

Avoid getting caught in the trap