Kerry Lutz and John Rubino discussed the current economic situation, which includes high unemployment, plunging lumber prices, and a shrinking money supply. They also discussed the possibility of a dollar shortage leading to deflation, and the potential for a cascade failure in the economy due to the tightening of monetary conditions. They also discussed the peculiar phenomenon of market crashes taking place during holidays.

John Rubino and Kerry Lutz discussed the consequences of Germany's decisions to open their borders and invest in renewable energy, as well as China's Belt and Road Initiative, which is a form of capital flight. They also discussed the potential of Rfk Junior challenging Biden in the upcoming election and the implications of Tucker Carlson's firing from Fox News.

More signs of a slowdown:

— Lenders are still tightening lending standards (Capital One, CarMax) 

— CRE is tanking.  Vornado Realty Trust stock at 27 year low

— Pending home sales fell for the first time since November lumber prices crashing.

— Layoffs all over the place Lyft, Disney, many more

— Oil prices skid

— M2 Money supply keeps going down

 

ECB set to raise rates again in early May. 

— Rates are already way up. Italy 10 year yield is 4.3%

— Is this a good time to short European stocks? 

Fed meets the same week. What happens if they both tighten?

Silver swung to a massive deficit in 2022. Is that the same thing as a "shortage" and does it mean higher prices?

RFK Jr is running against Biden, and has pretty good initial poll numbers. How will the Dems react? 

Does the Trump indictment guarantee him the nomination?