Ep. 417: Here's the No. 1 Threat That Could Crush the Global Economy

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Business, News, Commodities, Debt, Investing, Macroeconomics, Gold, Personal, Uranium, Oil, Economics, Business News, Geopolitics, Industry, Crypto, Stocks, Curzio, Trading, Finance, Research, Investments, Tokens, Talk, Crisis

4.5 • 1.1K Ratings

🗓️ 1 June 2016

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

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Summary

Joe Brusuelas, chief economist at RSM US, talks about the recent inflationary trends and why the Federal Reserve will likely raise short-term rates in the next 60 days. He also highlights a brand new economic indicator - created by RSM - that is one of the best at predicting the overall health and outlook of the U.S. economy. Joe then highlights the one huge risk that could derail the entire global economy. In fact, he believes there is a 50/50 chance of this risk coming to fruition over the next 45 days. Lastly, Joe and Frank have a healthy debate on inflation vs. deflation - and which of these risks the Fed should be more concerned about over the next 6 to 12 months.

Transcript

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0:00.0	Wall Street Unplugged looks beyond the regular headlines heard on mainstream
0:06.1	financial media to bring you unscripted interviews and breaking commentary direct from Wall Street
0:11.8	right to you on Main Street.
0:14.0	There's it going out there.
0:17.0	It's Wednesday, June 1st,
0:19.0	and I'm Frank Curzier hosts to the Wall Street Unplugged Podcast,
0:22.0	where I break down the headlines and tell
0:26.2	you what's really moving these markets.
0:30.0	Hopefully everyone enjoyed their Memorial Day weekend,
0:33.4	eat a ton of hamburgers and hot dogs,
0:35.6	drank some beer, wine,
0:38.7	if you're a vegetarian, you had some grilled peppers,
0:40.8	devil eggs, kale, whatever, few people like to eat a memorial day.
0:46.1	But what a weekend.
0:48.0	With Golden State Warriors came back,
0:49.9	3-1 to beat the Thunder, amazing series.
0:52.3	Don't worry, I'm not gonna have a whole thing on basketball.
0:55.3	Although it was a great series.
0:56.8	Steph Curry, so nice to be that guy, right?
1:00.1	I mean, every time he plays bad, it's because he somehow mysteriously hurt.
1:05.0	Oh his ankle, his knee and he got hurt like last series.
1:08.0	He's out a few games.
	...

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