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‘Fed Disaster Plan’: Market Correction Will Be ‘Significant’ Says Economist Who Called 1987 Crash



Mark Skousen, Editor of Forecasts & Strategies, discusses what he calls the “Fed Disaster Plan,” the rapidly declining money supply, and the implications for markets. Skousen correctly called the infamous 1987 stock market crash, also known as “Black Monday.”

*This video was recorded on May 12, 2023

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Economics of Life Article: https://www.skeptic.com/reading_room/economics-of-life-made-simple/
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*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.

0:00 – Intro
1:22 – Black Monday 1987
5:20 – Bear market
9:36 – Fed Disaster Plan
17:20 – Fed and banking crisis
19:38 – Fed funds rate back to 0%
24:46 – GDP vs. Gross Output
26:45 – ‘Mild’ Recession is coming
27:40 – Secret to the success of capitalism
38:20 – Socialism
44:20 – Freedom Fest

#investing #economics #stocks

36 Comments

  3. G_G

    I think we leave in are mean right now even if you don’t want to because these inflation is way too high and we’re not counting the mortgage payment

  4. nlbooks

    You lost me when you described the conditions of the rich middle and poor class of the US. the problem in the US is people like you who fail to see the large and growing class of people with no car,no hotel, no restaurant, no TV, no superbowl, no house ,no bed. You are an arrogant a.hole

  5. Lumps

    This guy may be intelligent in certain areas. But this whole blame Biden's spending and then turning around saying the Fed should go back to buying securities and bonds is a joke. This is exactly what help lead to inflation – easy and stimulative Fed policy during Covid. The Fed kept rates down at nothing while the housing market exploded. He just wants the Trump tax cuts to stick, while complaining about spending. Typical rich person mindset. He thinks that mortgage rates should be 6% but the Fed should be buying bonds? What….

  6. Lumps

    He's going off about Socialism tax rates…. except we HAD tax rates in the 90% range on the ultra rich UNDER CAPITALISM. That was when the middle class was the strongest. Look at historical tax brackets – look how they have collapsed since Reagan. Look at the growing wealth divide since then.

  8. Artkido Lee

    The problem of American is: they want high wedge, cheap products, and hegemony in manufacturing. These three don’t exist at the same time

  14. Tom Trades

    Try to get Hugh Hendry on sometime. He is knowledgeable and has great humor and sarcasm. He’s a former hedge fund manager and now a podcaster.

  15. Drake Tenorio

    I don't know if I agree with your guest's statement, " The government creates problems, and business solves them." We have many examples of business creating problems and government solving them or bailing them out. The banking crises is one example.

  17. Mike Ware

    I have attended two Freedom Festivals. I would caution anyone who is planning on attending. I was swindled out of $40,000 by one of the vendors that Mark allowed to present and sell. SGR ENERGY filed bankruptcy less than 3 months after Freedom Fest 2021. Very disappointed in allowing thieves like them into the conference.

  18. mic ll

    The poor likely spent most of their money on an iPhone, the rich likely got dozens for free!

  19. ron festa

    Me thinketh the geeks, elites and freaks don't want people using their own initiative &/or incentive because this involves using the God given Freedom of Choice., instead they want to get back to slaves with………..the whip!@!?😜😝🤪😎

  20. jaghad

    I really appreciate you bringing on Gene Hackman. Guy's such a great actor. 😊

  22. nichster080

    34:31 absolutely untrue. middle class cannot afford a toyota, the poor can ABSOLUTELY NOT afford a chevy. The cost difference in these products is marginal and this man is very out of touch.
    The middle class and poor can afford used cars that have low upfront costs but high upkeep costs. same way a nice 200 dollar pair of boots will last 10 years but the daily worker buys 30 dollar boots year after year and has wet feet all the time. The poor don't use hotels, cheap food literally kills you, everything this man says is absurd.

  25. R D

    The section on Socialism is ABSOLUTELY INDISPENSIBLE information that EVERYONE should see. It's too bad a clip of that couldn't be made to be put out there.

  35. Oofyrog

    Great interview David, I enjoyed!. Mark is the king of wisdom and insight!!!…in finance and the economy!

  36. Elizabeth Pears

    There are European countries that will show how wrong his thinking is regarding universal healthcare etc. I don’t believe anyone is looking to a radical deep dive into socialism as he describes it. I was a public school teacher for 27 years, shame on him for telling us to be ashamed, there are many more factors at play. He’s lost his touch with reality.

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