This sector will thrive thanks to crazy government policies

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

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

4.6 • 1.1K Ratings

🗓️ 20 September 2023

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

I start today’s show by explaining why I won’t be retiring anytime soon… By the time you listen to this, the Fed will have decided whether to hike interest rates… or keep them at current levels. I break down what I expect to happen… and why investors should be concerned about the latest inflation data. Global debt has hit record levels… and higher rates will add trillions more in interest payments. I rant about how insane government spending is to blame… and how the Inflation Reduction Act (IRA) only proves government spending isn’t slowing down anytime soon. A lot of folks think the Fed can solve these problems by cutting interest rates. I explain why a rate cut would NOT be bullish for the stock market. Finally, I highlight one sector that will continue to thrive amid the government’s crazy policies. In this episode Why I’m not retiring anytime soon [0:33] The Fed’s latest interest rate decision [5:44] Global debt hits a new record high [8:55] The government’s insane spending [14:15] Why higher rates will hurt the market [17:50] This sector will thrive thanks to the government’s crazy policies [22:05] Don’t miss tomorrow’s Dollar Stock Club pick [29:35] 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
0:06.9	to bring you unscripted interviews and breaking commentary direct from Wall Street, right
0:11.6	to you on mainstream.
0:12.6	Let's go out there in September 20th!
0:18.2	I'm Frank Kursh as the Wall Street Unplug podcast, where I break down headlines and tell
0:27.7	you what's really moving these markets.
0:30.5	I had a good friend come to visit me this week, it's from New York, I don't feel like
0:37.0	30 years.
0:38.0	He just comes here every year but didn't come here last year.
0:40.8	So he flew in on Friday and he left earlier today, we always have a lot of fun, do a lot
0:47.2	of things, watch football, we used to go to Jacksonville game, we're going to go to Chiefs
0:52.3	Jazz game, Clay, we decided not to, if you saw, I think the temperature on the field was
0:56.1	like over 110 degrees but we actually got there.
0:59.8	And for years I used to have a great connection at Everbank Field, it's now TIA Field
1:04.2	and we actually walked out the team onto the field one year, another time we got really
1:11.6	great seats, normally we get great seats and then last year or two years ago we said,
1:15.1	you know what, let's just get the two cheapest seats, they had this place called the Bud
1:18.5	Light Zone, we hang out there or the Bud Zone, not Bud Light, I can say Bud, it's a Bud
1:23.2	Zone and we'll stay there for, you know, two to three quarter, the games go, we'll stay
1:28.4	the whole time and everything.
1:29.4	So we're going to do that, but we got to the stadium and I was looking to scout tickets
1:32.8	and just buy tickets, whatever even on a site last minute, it was pretty expensive,
	...

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