‘It Gets Ugly’ Fast If A Deflation Overshoot Leads To Big Layoffs | Michael Every

Rabobank analyst Michael Every returns for Part 2 of our interview with him, in which he explains the various outcomes that may lie ahead for the global economy. One more probable scenario is that a deflation overshoot causes bank lending to dry up, leading to massive layoffs.

Michael postulated what that would look like (“ugly”) and shares his thoughts on how stocks, bonds & gold are likely to perform going forward.