Professor David B. Collum from Cornell University discusses the danger signs in the economy and the potential for a crash that the Fed has contributed to and may not save us from. Jason and Professor Collum also discuss unseen inflation and investors reaching for yield because of low interest rates.
0:00 Introducing David B. Collum
3:12 Economy was in trouble before the pandemic
4:56 What do you mean by bubble?
6:41 Bonds are profoundly overpriced
7:55 How have we avoided hyperinflation?
11:02 David earned 1.25 pizzas per hour at age 14
14:07 Many products depreciate quickly
19:05 Wealth creation higher in 1920's
20:48 Inflating away debt
21:40 Lenders are not compensated fairly
23:20 Investors are reaching for yield
25:27 The Fed is creating instability
29:17 China hasn't added leverage during pandemic
29:43 National debt is too high
36:00 Hedge fund managers have bug-out plans
41:25 David's Twitter: @DavidBCollum
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