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We Study Billionaires Podcast: Clay interviews me, Richard Duncan to discuss current market conditions, whether we’ll see a recession in 2024, the potential for interest rate cuts, and more.

Richard Duncan is an accomplished author of "The Money Revolution" and has held prominent positions in the financial industry, including Global Head of Investment Strategy at ABN AMRO Asset Management and Equity Research Leader for James Capel Securities. He has also worked as a consultant for the IMF in Thailand. Since 2013, he has published Macro Watch, a video newsletter analyzing the economy and financial markets.

Chapters
00:00:00 - Introduction
00:00:51 - How our economy is structured
00:09:19 - Why the economy requires credit expansion
00:16:52 - How the credit environment has developed since 2020
00:21:10 - What a recession is, and what the implications of a recession are
00:24:11 - Why Richard foresees a recession in 2024
00:27:06 - The primary drivers of credit growth
00:34:31 - Why we’ll likely see interest rate cuts in 2024
00:45:21 - The drawbacks of our modern-day economy
00:52:21 - Indicators that investors need to monitor
00:56:51 - Where the US is at in the AI race
00:58:54 - China

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