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Butowsky: We’re in a Recession

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  • Description

    Chapwood Investment’s Ed Butowsky argues the economy is in a recession due to stagflation.

  • Duration 2:27
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Get back to business showing at the task he joins us he's with chop -- investments and he joins us from Dallas all right look at all day long we're talking about the state of the economy.

What Ben Bernanke may all may not do about it what President Obama -- cannot do about it.

I if I'm not mistaken you come right out and said we are headed for recession regardless of -- bomber -- -- -- You say recession make -- case.

Well -- there's no question about that.

Not -- fact I think we're heading towards it usually economists don't know that we had been in recession -- sometimes more out of it I really weren't recession right now -- simply look Stewart what a recession is that means.

Really two quarters in consecutive order.

Of lower GDP growth now here's the key -- it has been we are actually in a recession or very close to one but it's been brought on because of a condition called stag.

Deflation now I don't -- approached him and it turns out but it's the most important thing that everyone needs to know right now because stagflation is one of the worst economic conditions.

We can begin and it's one of the hardest to come out of okay what are you doing about it you invest the money of wealthy people.

Well you put it.

Well Stuart I I -- like a broken record but I continued know that we have to be invested because part of stagflation are rising prices and you can't be fixed income.

During times like that you have to participate in the equity markets -- -- buying utilities and right now I'm actually.

Buying into the master limited partnerships to these are paid seven to 9% -- when oil prices dropped.

These go down with it and I believe at some point in the near future will we -- oil and you and I talked about this in the high seventies low eighties we might see oil prices rising -- Master limited partnerships utilities are the sweet spot right now while we're in stagflation which we're gonna remain in for a long time -- Alicia consistent -- -- you have indeed said master limited partnerships and and utilities one last one supposing we do print money in Europe all print money in America supposing we do that make any difference -- recession scenario.

No I'm not not at all I mean the printing of money is another way of saying let's bankrupt the country because we are at a point now -- we're pretty money we -- literally putting every generation including the one we have today you know you and I right now at tremendous risk.

So we print money we might get a little bit of an artificial move up but it's all fake it's not real we need real economic growth we don't need mandates an artificial stimulation hi thanks so much -- but taos -- we hear what you -- actually you know.

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