338: Why Asset Prices Should Keep Surging with Richard Duncan
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 29 March 2021
⏱️ 51 minutes
🧾️ Download transcript
Summary
The Fed is about to unleash a tidal wave of liquidity that you probably don’t know about.
I was recently at my favorite Mexican takeout restaurant. It was the first time they began asking for tips. This is inflation. It is likely not measured in CPI or Core PCE.
Richard Duncan from MacroWatch joins us to discuss how the coming monetary tsunami will stoke asset prices.
This can continue the “price runup party” in real estate, stocks, crypto, and other assets.
Key learning: The Fed changes inflation policy when they see wage price growth, not commodity price growth.
Inflation won’t be high enough to cause interest rates to rise anytime soon.
We know that the Fed currently creates $120B per month. What few know about is the new, simultaneous $900B that the Fed is releasing from their Treasury General Account by the end of June.
More currency + monetary velocity = inflation? No. Richard says there’s more to it, like credit expansion.
The newly passed $1.9T American Rescue Plan, plus a new Biden-proposed multi-trillion dollar infrastructure bill could stoke inflation in the short to medium-term. Richard does not believe high inflation is sustainable long-term.
Get 50% off Richard Duncan’s “MacroWatch” when you use Discount Code “GRE” at: www.RichardDuncanEconomics.com
Though consumer price inflation should stay low, a lot of asset price inflation should continue.
Richard also reveals a scenario where interest rates could decline.
Resources mentioned:
Get 50% off MacroWatch. Use Discount Code “GRE”:
www.RichardDuncanEconomics.com
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Transcript
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| 0:00.0 | Welcome to GRE. I'm your host Keith Weinhold. A tidal wave of money that you probably don't know about is going to be released by the Fed and it will create some distortion to markets. Where is it coming from? When will it happen? How big is it going to be? Which markets does it promise to push up in price and what's going to happen to inflation and interest rates today on get rich education. |
| 0:23.4 | You know, starting in real estate seems hard for some. Even experienced investors can find it |
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| 1:23.4 | Go to cashflow and growth.com. |
| 1:35.5 | You're listening to the show that has created more financial freedom than nearly any show in the world. |
| 1:39.6 | This is Get Rich Education. |
| 1:56.3 | Music Welcome to Gare from Flanders, Belgium to finish Lapland. And across 188 nations worldwide, I'm Keith Weinhold. |
| 1:59.9 | This is GetRus Education as a long-time contributor to the show here. |
| 2:03.5 | Today's guest, macroeconomist Richard Duncan, sometimes we reach out to him and we tell him that we'd like to have him back on the show in case it's been a while. |
| 2:12.4 | This time he reached out to me and said that there's something your audience really needs to know right now. |
| 2:18.1 | So that's why he's here. And there is something that you really ought to know. He'll be with us |
| 2:22.2 | in a moment. Now, sometime last year, I was grabbing some takeout burritos from my favorite fast, |
| 2:29.4 | casual Mexican restaurant. It's called Kudoba. It's a lot like Chipotle. When it was time to pay for the |
... |
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