Oct 4, 2022
Summary:
Chris Markowski—AKA Wall Street’s Watchdog—has some criticism for
the Fed, and comes on the show to talk about what they’re doing
wrong at the moment. A lot of the conventional wisdom that is being
taught about the Fed needs to be re-evaluated; there are a myriad
of solutions for the current economic problems that go beyond our
conventional perception of the Fed’s role/power. Nonetheless, there
is a lot to be taken advantage of right now from an investing
standpoint, and Chris names some assets and ventures to keep your
eye on.
Highlights:
-Inflation is not transitory. Additionally, the Fed had raised
rates slightly last year or cut back on bond buying, the situation
could be different
-Markets got crunched this year
-The concept that the Fed is going to be able to solve this is just
one part of the solution—things can be fixed in a myriad of
ways
-We don’t have enough resources for things like alternative
energy
-A lot of this inflation is self inflicted
-Many recessions in the past haven’t been named recessions until
later, but we’re currently seeing slowed economic activity on
numerous fronts
-As an investor, there’s a lot you can take advantage of
-Chris gets nervous when markets are rapidly going up
-It’s all about quality and companies that pay you to own them
-Uranium and lithium need to be part of your portfolio
-Many commodities across the board are starting to come down
Useful Links:
Financial Survival Network
Watchdog on Wall Street