First Trust Advisors chief economist Brian Wesbury tells ‘Varney & Co.’ ‘money printing’ and ‘borrowing’ put the nation on the verge of a recession.
First Trust Advisors chief economist Brian Wesbury issued a bleak warning on the U.S. economy, Friday, telling “Varney & Co.” the government’s spending response to the COVID pandemic has put the nation on the brink of a “moderate” recession akin to the economic downturn of the early 1990s.
BRIAN WESBURY: I shouldn’t be smiling about this, but hey, you know, people started calling me a permabull, because I was bullish over the 12-13 years leading up to COVID. I don’t know what else I was supposed to be, but I’m not bullish anymore. I think COVID and the response that we did during the pandemic, you know, the equivalent of a car accident. We broke our leg, the ambulance shows up, and they pump us full of morphine. That’s all the money printing, that’s all the borrowing and…
