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Jim Thorne, Chief Market Strategist of WellingtonAltus Private Wealth, explains why the global economy is headed towards a "perilous financial collapse" and what's next for markets, investors, and consumers.
*This video was recorded on April 11, 2024
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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
1:02 "Perilous Financial Collapse"
7:25 Oil and inflation
10:36 Debt and deficit
13:07 Trigger for financial collapse
18:00 "Economic mirage"
20:55 Costpush theory of inflation
25:15 Canadians are economically "hopeless"
33:00 Market outlook
36:30 Interest rate outlook
38:50 Gold and Bitcoin
41:00 Residential real estate
#stocks #bitcoin #economy