The Real Side with Joe Messina is here, and David Fischer, CEO of Landmark Capital joins him as a long time guest on the show. The World Bank has announced that if we continue to have these trade wars, we will run into a financial calamity. The Volcker Rule is being revised, and this could lead to the same problems we had in 2007: the 2nd biggest economic downfall in the U.S. history.
The Volcker Rule is connected to the Dodd-Frank Act and this is being lifted.
To listen to the full episode, click here!
Show Notes –
– Unemployment is down to 3.8%, a historical low with president Trump’s 500 days in office.
– The trade wars have not had a positive outcome on the markets, and if they continue, they will be detrimental to the economy.
– 45 lead banking economist have said a massive recession will happen in 2020 by the 2nd quarter.
– Gold is always a safe haven because you don’t spend it, and it protects you when other assets lose value.