The Widening Chasm Between the Fed and Reality

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 28 April 2021

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

DB-Apr28,2021:Real Vision managing editor Ed Harrison welcomes back Peter Boockvar, CIO of Bleakley Advisory Group and editor of The Boock Report, to discuss his takeaways from today’s FOMC meeting. He expresses his concerns about Powell’s assessment of intensifying inflationary pressures as being only transitory and anticipates the bond market continuing to tighten over the next few months. Harrison and Boockvar then analyze the possibility of a fiscal cliff to come in the next year and the potential impact of tax increases on the economy as well as Boockvar’s perspective on the global economic recovery, the dollar, and how he’s positioning his trades. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Why are you listening to his podcast when they're a puddle to be jumped in?
0:05.3	Come on, let's get outside and take on autumn.
0:09.4	All the need is a pair of wales in a pot of patty for loo.
0:13.8	It's made with calcium and put him in a d for immune support.
0:18.4	My mum says healthy mischief needs healthy bones.
0:23.0	And she knows best most of the time.
0:27.1	Take on autumn with patty for loo.
0:42.0	It's a fed day.
0:43.5	We've got tapering or we don't have tapering.
0:46.5	All of that and more coming right up with Peter Bookvar,
0:50.4	who is the CIO of the Bleakly Advisory Group and Editor of the Book Report.
0:55.5	Welcome back to the Real Vision Daily Briefing.
0:58.4	Thanks, Ed, for having me on.
1:00.6	Yeah, so a lot of talk about, especially with regard to the fed,
1:05.4	I saw that bond yields were down ever so slightly.
1:08.4	What do you think about what the fed had to say?
1:10.4	What's your macro sort of takeaway?
1:14.1	Well, I'll practice it by saying that people that have heard and seen me
1:19.2	they're probably tired of my criticism of the fed.
1:22.1	But I'm going to have no choice today, but to rant again about the fed and Jay Powell,
1:28.7	because there seems to be this ever-growing chasm between their policy and the reality of the world.
1:38.1	Their policy, of course, being as easy for as long as possible with no hint of tapering
	...

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