Economist’s “News and Views” Monday 9-9-2024
This Next Punch Will Take Down the Entire Market Warns Famed Fund Manager
Daniela Cambone: 9-9-2024
Michael Gayed, CFA, drops a bombshell in today's interview with Daniela Cambone:
A looming market crash. Citing a slew of economic red flags, Gayed warns investors to buckle up.
He dives into the reversal of the reverse carry trade, a market dynamic that could ignite volatility.
And to weather the storm, he recommends ditching risky bets and piling into defensive assets like gold, utilities, and long-duration treasuries.
Yellen is the 'Salesperson' for the Economy: Will the Fed’s Rate Cuts Backfire? - Peter Boockvar
Kitco News: 9-9-2024
Jeremy Szafron, Anchor at Kitco News, interviews Peter Boockvar, Chief Investment Officer at Bleakley Financial Group, about the U.S. economy, interest rate cuts, inflation trends, and China's impact on the global gold market.
Boockvar dissects the widening gap between Wall Street and Main Street, explaining how consumer experiences differ dramatically depending on income levels.
He critiques Janet Yellen's recent remarks, calling her a "salesperson" for the economy and questions the Federal Reserve's next moves, including the potential rate cuts' irrelevance.
00:00 - Introduction: Yellen on the Economy
02:00 - Yellen's Optimism vs 2008 Warnings
04:30 - Treasury Secretary as Economic 'Salesperson
' 06:20 - Economic Divide: Wealthy vs. Low-Income Consumers
08:50 - Global Impacts: China and Europe
11:00 - Rate Cut Debate: 25 or 50 Points?
13:40 - Inflation Concerns and Fed Strategy
16:10 - Gold Purchases and Central Banks
19:00 - U.S. Dollar's Impact
21:30 - Upcoming Inflation Data