The Kim Monson Show
Jay Davidson on the Economic Hurricane Ahead
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Jay Davidson, CEO of First American State Bank, joins Kim for an interview regarding the economic crisis that America seems to be headed for. Jamie Dimon, CEP of JP Morgan, is predicting a severe economic hurricane and urges Americans to prepare. The stock market is approaching a bear market. Elon Musk is proposing a ten percent reduction of jobs at Tesla due to concerns with the economy. A recession seems inevitable. The Fed is poised to continue hiking interest rates. Davidson discusses the causes of the current economic climate and what might need to be done to address inflation. Listen to the full interview in the second hour.