Barry Rittholtz we have on the podcast today. Welcome to Seeking Alpha. Any market observer,

any market participant, any investor knows the name, Barry Rittholtz, perhaps knows

what you do. You have a litany of laurels to, well, you don't rest on them, but you have a

litany of laurels to your name. Co-founder, chairman, CIO of Rittoltz Wealth Management.

You're a trailblazing podcaster, Masters in Business,

most popular podcast on Bloomberg Radio. You are the blog father. You predate even my 16 years

at Seeking Alpha, which we used to excerpt your writings on Seeking Alpha from the big picture.

That's right. A very, very accomplished and astute man. So I really

appreciate you taking the time, this hot rhetoric between Powell and President Trump and the

jawboning there. How would you say it plays into the U.S. dollar conversation and broadly speaking,

policy and economically speaking? Inflation peaked June 2022.

It plummeted from 9% to 2.5%.

I made the argument at the time that, hey, the 2000 to 20, right up into the pandemic was

an era of driven by monetary policy.

The CARES Act, the first one under President Trump, was the biggest fiscal stimulus

since World War II as a percentage of GDP, 10% of GDP.

CARES Act 2 under President Trump added to that.

CARES Act 3 under President Biden added to that.

And then Biden passed four or five 10 year programs, the infrastructure bill,

the semiconductor bill, the inflation reduction act. There was a fourth one involving veterans,

but they're all 10 year spends. So we are in the era of fiscal stimulus for another five, six years

to say nothing of what we're going to end up

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