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Podcast: Money Life with Chuck Jaffe
Episode: Bear Trap's McDonald: In a 1980s-style recession, go old-school with portfolio
Description: Macro strategist Larry McDonald, creator of The Bear Traps Report, says that the current economic situation is "very 1980s like," a condition that requires different strategies than what most investors have used since the financial crisis of 2008. In a '1980s recession,' a very hot economy keeps inflation ripping and pushes oil prices high, and leaves the bottom 60 percent of the population struggling to keep up, and he says consumers are starting to show that tension now. The conditions should be good, McDonald says, for industrials and the oil and gas industries. Kyle Guske, investment analyst at New...