Wilbur Ross: U.S. Recession Likely in Next 18 Months

The video discusses the current state of the market, highlighting the high price-earnings ratio of the S&P and the lack of growth in demand and pricing power. It critiques the central banks' monetary policy for not boosting aggregate demand and suggests that the Federal Reserve should raise interest rates to reduce market uncertainty. The speaker warns of a potential recession within the next 18 months, emphasizing the need for the Fed to replenish its toolbox to address future economic downturns.

What factors are contributing to the perception that equities may be overvalued?

How has easy monetary policy affected aggregate demand according to the speaker?

What is the speaker's opinion on the Federal Reserve's interest rate decisions?

What potential economic event does the speaker foresee in the next 18 months?

What does the speaker suggest is necessary for the Federal Reserve to address future economic challenges?