It’s an especially confusing time for investors given how divided the experts are on whether resurging inflation or disinflation/deflation is more likely from here.
Your answer to this question determines whether you think the Fd starting to cut interests rates is a good idea or not.
Today’s guest has very strong views on this matter, based on a lifetime of study.
For perspective, we have the great fortune today to sit down with one of the greatest living economists, Lacy Hunt, former senior economist for the Federal Reserve Bank of Dallas and current Executive Vice President of Hoisington Investment Management Company.
Lacy warns a deflationary illiquidity event is our real economic threat here. But the Fed is taking far too long to respond adequately to address it.
Credit to : Adam Taggart | Thoughtful Money®