The Credit Bust is Here with Gordon T. Long

May 16, 2023

Gordon T. Long believes that the banking system is in an extinction event and that the Fed’s reduction of interest rates may initially create excitement, but will eventually break down. He also believes that the dollar is currently a safe haven, but that risk premiums on bonds will push interest rates up to 4%, and that the Fed is trying to buy time to prevent a hard landing recession.

Gordon T. Long discussed the potential of artificial intelligence and the potential for job losses due to automation. He also discussed the potential for new technologies to come from other countries, and the need for America to invest in new technologies to remain competitive. He also discussed the potential for AI to be used for academic dishonesty and the need for self-awareness in AI for it to be truly useful.

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