Turning Hard Times Into Good Times

Ryan Girdusky visits for the first time. Alasdair Macleod and Michael Oliver return. Alasdair says we are nearing the end of the current credit cycle that began after the 2008 credit collapse. Banks sell treasuries and make loans as interest rates and wages rise leading to fears of inflation and still further interest rate increases. Ultimately higher rates lead to an equity bear market. But might the end of the current cycle be even more profound and injurious to unsuspecting investors that the last one? Are interest rates destined to rise dramatically higher as in the 1970s such that inflation becomes a major threat even as gold rises to much, much higher levels? We will seek answers to those questions from Alasdair as well as Michael. More immediately on the minds of many Americans are the upcoming midterm elections. First time guest Ryan Girdusky, a native New Yorker and frequent Fox TV guest, will tell us how he sees the Senate and House races shaping up.