Beware Deflation Is Back
Money Tree Investing
Money Tree Investing Podcast
4.6 • 658 Ratings
🗓️ 21 June 2023
⏱️ 50 minutes
🧾️ Download transcript
Summary
Another Fed meeting and another disappointment for someone. We look at the CPI numbers and then the Fed decision to pause on rate hikes and it make me scratch my head in confusion. They say they are worried about inflation, and maybe raising rates 1-2 more times this year, yet inflation is dropping quickly, the economy seems to be fine and interest rates are higher than they have been in 20 years.
Are we living in the twilight zone, Alice and Wonderland, or fantasy land. it's not entirely clear, but one thing is clear... The Fed is determined to squash inflation no matter what.
If they keep on this path, it leads to deflation, which is another boogieman they are afraid of. We will see which monster under the bed they are afraid of most. Both are bad choices, but they cannot sit this one out.
I'm still sticking to my claim that we could hit 0% inflation by year end. We are halfway through the year and accelerating towards that number. I might hit the target earlier than expected.
Join us this week for another exciting episode about what the end of world looks like. Don't hate us for being optimists 🙂
Today's Panelists:
Kirk Chisholm | Innovative Wealth
Phil Weiss | Apprise Wealth Management
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Transcript
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| 0:00.0 | Welcome to the Money Tree Investing Podcast. |
| 0:04.0 | Stock market, wealth, personal finance, value stocks, invest in your life. |
| 0:10.0 | Hello, Smart Money Tree Podcasts listeners. Welcome to this week's show. |
| 0:14.0 | My name is Kirk Chisholm and I will be your host. |
| 0:16.0 | I'm once again joined with my good friend Phil Wies. Hey Phil. |
| 0:19.0 | Hey Kirk, how are you today? |
| 0:21.8 | I'm doing great. |
| 0:23.0 | Can't wait for Father's Day. |
| 0:25.4 | My second day of the year that I can say is mine. |
| 0:32.8 | Not uniquely mine, like my birthday, but it's mine enough so I can get some happiness out of it. |
| 0:38.1 | And might do a little fishing with the boys, you know, basically my son's like, why don't we get kids day? Like, every day's kid's day. Absolutely. There is no such thing as every day's |
| 0:43.9 | day's kids day, except for Mother's Day and Father's Day, every day's kids' day. So my son |
| 0:49.2 | almost had the same birthday as me, so it would have been a little more tricky for him. I wouldn't |
| 0:52.5 | even have had my own day at that point, but the doctors, it was close enough, the doctor's like, |
| 0:56.7 | which day do you want? I'm like, give him his own day, please. He deserves his own day. |
| 1:02.2 | So, Phil, let's dive a day. We had a lot of stuff happen this week. A lot happened at the same time, |
| 1:06.9 | nothing happened. So fill us in. Like, what's new this week you want to talk about? Let's start with |
| 1:10.8 | the Fed raising rates. I'm not raising rates this week. It's the first time in, I think it's 10 months that |
| 1:16.2 | they haven't raised rates. They didn't say that they're necessarily done, but they didn't raise |
| 1:21.2 | this quarter. This gives us a little bit more time for the things that they've done in the past |
| 1:26.6 | with rates to take a little bit more |
| 1:28.4 | effect because it's not like they make a change to rates and right away we get an effect |
... |
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