In the November FOMC meeting, Fed Chair Jay Powell stated that while the pace of economic growth is slowing, indicators point to modest growth in spending and production this quarter.
Peter Tchir, head of macro strategy at Academy Securities, joins Forward Guidance to argue that the economy is slowing much, much faster than the Federal Reserve’s models indicate.
Tchir tells Jack Farley how brewing geopolitical tension between China and the U.S. will likely continue to weigh upon financial markets, and he shares his insights on energy markets in the U.S. and Europe.
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Timestamps:
(00:00) Introduction
(00:27) "I Would Disagree With Powell" On The U.S. Economy
(06:03) "Credit Bubbles Only Happen With Safe Assets"
(08:17) Layoffs In Big Tech
(12:17) This Will Be A Deep And Lasting Recession
(14:31) The Semiconductor Industry
(20:34) China
(33:52) Energy
(36:56)) Regulation of Fossil Fuels
(40:41) When Will The Drawdown of The Strategic Petroleum Reserve (SPR) Stop?
(44:27) Will Europe's Energy Problems Cause A Recession?
(48:26) The Strong Dollar Is Destabalizing The Global Financial System
(59:30) The Increasing Political Pressure On The Federal Reserve
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.