Adam Taggart | Thoughtful Money, Released on 12/5/23

There are a lot of narratives flying around right now regarding the economy, the stock market, recession risk, jobs, inflation and what’s going to happen next year. Given the recent 5%+ Q3 GDP print and one of the best Novembers on record for both stocks and bonds, bulls are back to saying “everything is awesome” again & 2024 will be a great year for making money Bears on the other hand point to near-record levels of overvaluation, recessionary leading indicators and warn the inevitable arrival of the lag effect will see the economy in recession next year and the return of a bear market. When sentiment is full of such crosscurrents, it’s prudent to seek the counsel of those who take. cold and calculated look at the data, to see what “is” vs what our biases may want us to see. Which is why we’re fortunate to speak with macro analyst Wolf Richter of WolfStreet.com, who will share with us what the charts he regularly compiles are telling him about the true state of today’s economy & markets.

Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries.

Adam Taggart is the Founder of  Thoughtful Money. He is also Co-Founder and former President of Peak Prosperity. Adam is an experienced Silicon Valley internet executive and Stanford MBA. Prior to partnering with Chris Martenson (Adam was General Manager of our earlier site, ChrisMartenson.com), he was a Vice President at Yahoo!, a company he served for nine years. Before that, he did the ‘startup thing’ (mySimon.com, sold to CNET in 2001). As a fresh-faced graduate from Brown University in the early 1990s, Adam got a first-hand look at all that was broken with Wall Street as an investment banking analyst for Merrill Lynch. Most importantly, he’s a devoted husband and dad.

  economy, inflation, recession, Wolf Richter