Video News/In Focus with Jeremy Szafron

Despite record highs in the Dow Jones, investor and macroeconomics expert George Gammon argues that the system underneath is weakening. He highlights rising subprime auto delinquencies, hedge fund liquidations tied to bad corporate debt, and mounting counterparty risk as signs that liquidity is fading even while markets appear strong. Gammon compares today’s conditions to the early stages of 2007 and warns that the monetary system’s “plumbing” is beginning to fail. He also points to a growing divide between market performance and the real economy, noting soft labor data, falling rents, stretched consumers, and expanding political reliance on stimulus. Gammon says these pressures are reshaping long-term stability, wealth, and purchasing power, creating a widening gap between financial headlines and economic reality.