The markets seem confident it's quite stable.

But you don't have to look that hard to find evidence of stress fractures: from recessionary leading indicators, to struggling consumer households, to the frozen real estate market, to the breakdown of trade through the Red Sea, to the loss of faith in once-premier establishment brands like Harvard, to the polarization and cynicism of this year's US presidential election.

What's more likely to happen from here: ascent or breakdown?

To discuss, we're fortunate to welcome monetary and macro analyst John Rubino, author and co-author of numerous books including The Money Bubble with James Turk.

Sign up for John's Substack at https://rubino.substack.com/

#recession #bearmarket #layoffs