Episode 355 • • 48:02 - 51:35
355: Flying Antenna
Christine Lagarde IMF Warning on Global Economic Spiral
IMF Managing Director Christine Lagarde warns of a "downward spiral of uncertainty" and the risk of a "lost decade" for the global economy during a speech in China. The hosts discuss her admission that unemployment is higher than officially reported, noting that shadow statistics suggest U.S. unemployment is closer to 30% when using Great Depression-era metrics.