Fri, 13 April 2018
AIPIS 228 - Asset Inflation and Millennial Investing Habits with Macro Watch's Richard Duncan, Part 1
Jason Hartman welcomes Richard Duncan back to the show to discuss what's going on with fiscal policy and interest rates right now. In the first half of the interview Richard talks about how the trade imbalance with China has enriched the nation and brought millions out of poverty, as well as how the general public has no idea how much the Fed is actually tightening, and how that will impact interest rates.
[3:04] Jason's theory on asset inflation and what it means if the millennials don't join the investor class like the baby boomers did
[5:41] Why the future from an Asian perspective is much brighter than from a US perspective
[7:50] Who's gotten the better end of the China/US trade imbalance?
[13:27] Richard believes the Fed is tightening more than people are understanding
[17:36] The Fed has been destroying at least $10 billion a month since October 2017 and it's going to get bigger
[20:11] The Fed will have destroyed $1 trillion by the end of 2019 if they follow through on their announced plan
[22:20] Is the Fed likely to make a course correction if rates go too high?