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Wall Street Breakfast

Fed Pause, Mid-Cycle Slowdown And Banks' Liquidity Crisis With James Foord And Lawrence Fuller

Wall Street Breakfast

Seeking Alpha

Business News, News, Business, Investing

4.11K Ratings

🗓️ 21 May 2023

⏱️ 20 minutes

🧾️ Download transcript

Summary

The Pragmatic Investor's James Foord and Lawrence Fuller discuss current Fed policy and inflation expectations. Was that the last rate hike - has the Fed paused? (1:20) Recession or mid-cycle slowdown (9:30) Bank liquidity crisis (13:10). This is an abridged conversation from Seeking Alpha's Investing Experts podcast.

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Transcript

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0:00.0

Hello everyone. My name is James Ford and I am the Pragmatic Investor.

0:03.6

Today I had the pleasure of talking to Lawrence Fuller.

0:05.8

He is a contributor on Seeking Alpha and owner of the Portfolio Architect Investing Group.

0:11.2

He has over 25 years of experience managing individual client's

0:15.2

portfolios and he is very knowledgeable when it comes to macroeconomics and fundamental

0:21.2

value investing.

0:22.6

Now, we talked about a lot of things including the recent Fed policy,

0:28.0

the recent Fed hikes, talked about everything in macro.

0:31.7

Lawrence has a bit of a, what might call a contrarum view,

0:34.4

though I strongly agree with some of his points whereby we might actually achieve that soft

0:39.3

landing so he's actually quite bullish. Please go ahead and check out Lawrence's profile on Seeking Alpha, you won't be disappointed.

0:45.6

And if you like the content, you can also check me out on Seeking Alpha, the Pragmatic Investor,

0:49.9

where I also write regularly on macro, crypto commodities and many different stocks.

0:56.1

All right, so we've got quite an interesting week in markets.

0:59.7

Obviously we have that Fed meeting with that 25 raid hike. We've also had a lot of

1:06.0

movement in regional bank stocks with some more bank failures coming in so

1:10.4

definitely a very interesting time. Let's begin by dialing in with a simple

1:14.4

question do you think that was the last rate hike has the fed paused?

1:20.3

I absolutely I think absolutely I mean the I don't think they needed another rate hike but but the

1:26.6

Fed typically does what the market expects in particular this chairman chairman

1:31.8

Powell is very market friendly as we know or has been over the

1:35.4

past five years so if you know I just use the Fed Funds features as a guide for

...

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