In this podcast, Downtown Josh Brown chats with Brian Wesbury, Chief Economist at First Trust Advisors, about Wesbury's pessimistic views on the economy and the stock market. They delve into his "capitalized profits model" for stock valuation, which suggests that stocks are currently overvalued. Wesbury argues that the economic surge after the COVID-19 pandemic was artificially boosted by government stimulus, hinting at an impending correction. He also raises concerns about the expanding size of the US government and the monetary policies of the Federal Reserve. Additionally, the conversation explores the future of AI and its possible effects on the economy and job market.
