Beware of Inflation – Oil Price Inflation, OPEC, Russian Chess vs US Checkers, Mortgages, Bank of England and More
Money Tree Investing
Money Tree Investing Podcast
4.6 • 658 Ratings
🗓️ 12 October 2022
⏱️ 43 minutes
🧾️ Download transcript
Summary
Oil price inflation is back...
OPEC has decided to go against the US and the US is losing. Maybe The White House should not have used the strategic petroleum reserves for political gain in November. Oil price inflation will be back with a vengeance this winter. Stock up now. At least we are not living in Germany. The Russians may be losing in Ukraine, but they played this hand well. The only one to upstage Russia/OPEC is the Onion who filed an Amacus brief with the US Supreme court... Well played sirs... Well played.
The Bank of England is having big problems as well, and very little has to do with the new PM, Liz truss. I only mention England because the Bank of England had to intervene in the markets this week. But they are not alone with problems.
The mortgage and housing markets are a mess once again. And we also discuss the yield curve.
Today's Panelists:
Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners
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For more information, visit the show notes at https://moneytreepodcast.com/beware-of-inflation-oil-price-inflation-421b
Transcript
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| 0:00.0 | Welcome to the Money Tree Investing Podcast. |
| 0:04.8 | Stock market, wealth, personal finance, value stocks, invest in your life. |
| 0:10.7 | Hello, Smart Money Tree Podcast listeners. |
| 0:12.7 | Welcome to this week's show. |
| 0:13.8 | My name is Kirk Chisholm and I'll be your host. |
| 0:15.7 | So today I'm joined with my good friend Doug Hagrin. |
| 0:18.1 | Hey, Doug. |
| 0:18.9 | Hey, Kirk, welcome back. |
| 0:20.4 | Good to see you again. |
| 0:21.3 | Glad to have you on. We're going to have an exciting episode here. So, Doug, what's on your mind |
| 0:24.9 | this week? I mean, there's so much news here. Like, where do you want to start? There's so much news |
| 0:29.1 | everywhere. I mean, one of the things I think we talked about, which was interesting in the last week is what's going on over in England. We can talk about that a little bit. We'll start there. Well, here's basically what's going on, Bank of England. |
| 0:40.8 | They're basically, in a nutshell, if for those out there listening and understand what contrarian |
| 0:44.5 | means, they're trying to go in the opposite direction of the rest of the global planet. |
| 0:48.6 | And right now, we have an inflation problem. Basically, the Bank of England said on Wednesday that it's going to buy |
| 0:55.4 | U.S. U.K., not U.S., government debt, whatever scale is absolutely necessary in order to halt a |
| 1:02.6 | bond market crash that their concern would threaten financial instability. The prime minister |
| 1:07.1 | of England, Liz Truss came out and basically said, look, we're going to do tax |
| 1:12.9 | cuts and we're going to increase borrowing and we're going to get this economy moving and we're |
| 1:16.8 | going to protect households and businesses from sky high energy bills this winter. |
| 1:20.2 | What the irony of that is is that tax cuts and increased borrowing, otherwise known as |
| 1:25.9 | quantitative easing, is typically associated and correlated |
... |
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