The biggest mistake the Fed can make right now

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

🗓️ 10 May 2023

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

I start today’s show with a rant on my experience building a home… from paying the bills before my family can even move in… to workers smoking in the house… to a shower leaking through the ceiling… and getting ripped off on allowances. Housing demand remains strong—for now. I explain why I expect the outlook for homebuilders to turn ugly over the next 12 months. By the time you listen to this episode, the latest Consumer Price Index (CPI) data will be out. I break down why the Fed can’t lower interest rates until it gets inflation under control… and why a rate cut would be the biggest mistake the Fed could make. Tomorrow on WSU Premium, Daniel and I will dig through the inflation data and share our latest Dollar Stock Club pick—a company that will benefit from interest rates remaining higher for longer. Don’t miss the episode—join WSU Premium today at WSUoffer.com. In this episode My homebuilding nightmare continues [0:30] Housing demand is strong—for now [5:00] The next 12 months will be tough for homebuilders [12:10] What I expect from today’s CPI data [18:40] Why the Fed must get inflation under control [24:25] Why cutting rates would be a massive mistake [34:30] Don’t miss an episode of WSU Premium—Subscribe at WSUoffer.com [35:20] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox each week: www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --iTunes: itunes.apple.com/us/podcast/wall-street-unplugged-frank/ --Stitcher: www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 --Website: www.curzioresearch.com/category/podcast/wall-street-unplugged/ Twitter: twitter.com/frankcurzio Facebook:. www.facebook.com/CurzioResearch/ Linkedin: www.linkedin.com/in/frank-curzio-690561a7/ Website: www.curzioresearch.com

Transcript

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0:00.0	Wall Street Unplug looks beyond the regular headlines, heard on mainstream financial media
0:07.0	to bring you unscripted interviews and breaking commentary direct from Wall Street, right
0:11.6	to you on Mainstrum.
0:12.6	It's going up there, it's May 10th.
0:18.8	I'm trying to encourage just Wall Street Unplug's February to headwinds and, uh, say what's
0:27.8	really moving these markets, you know, all home builders are pretty effed up.
0:38.7	And the more I tell my story about my house, the more emails I get with similar horror
0:45.8	stories.
0:46.8	In fact, I haven't received one email telling me that their build was awesome, it was great,
0:51.6	it was the best experience ever.
0:53.7	Not one.
0:55.0	I've probably gotten about 30 different emails, even people in the industry are laughing
0:59.1	going, yeah, right, no, what'd you go on through, buddy?
1:04.1	But for me, it closed my house in December, many of you know, my construction loan turned
1:08.6	over into a traditional mortgage.
1:10.7	So it's my first house and I had no idea how this works.
1:16.7	Just got thrown into the fire with a construction company is paying everything, right?
1:21.6	So it's on the construction, they pay for everything while it's under that loan.
1:24.6	It's not, it's no interest, right?
1:26.9	They just pay it and it's, it's a lot lower than a regular mortgage, but it's the construction
1:32.0	loan.
1:33.0	So they're paying for electricity, they're paying for water, all the bills while it's
	...

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