Why the Fed is f***ed

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

🗓️ 16 February 2023

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

This morning’s Producer Price Index (PPI) data came in hotter than expected—showing a 0.7% increase, vs. 0.4% estimates. It’s just one of several signs that inflation has surged over the past few weeks. Daniel and I discuss the growing disconnect between what the Fed is saying and what the market is hearing… why investors need to be prepared for more rate hikes… and why the Fed is fighting a battle it can’t win. Charlie Munger is in the news for his latest anti-Bitcoin comments… even praising China for banning it. Daniel rants about Munger’s belligerent stance—and the hypocrisy of a lifelong capitalist praising communism/authoritarianism. I also share how regulation could act as a tailwind for the crypto market in the coming years. Lastly, I’m curious: For those of you who didn’t sell Bitcoin last year amid all the bankruptcies, fraud, and volatility… is there anything that would convince you to sell? . In this episode Breaking down the latest PPI data [1:30] Forget about a soft landing for the economy [7:00] The Fed’s no-win situation [12:18] Why Charlie Munger is a hypocrite [19:25] What would it take to make you sell your Bitcoin? [28:00] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox each week: Wall Street Unplugged podcast is available at: --: itunes.apple.com/us/podcast/wall-street-unplugged-frank/ --: www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 --: www.curzioresearch.com/category/podcast/wall-street-unplugged/ : twitter.com/frankcurzio :. www.facebook.com/CurzioResearch/ : www.linkedin.com/in/frank-curzio-690561a7/ : www.curzioresearch.com

Transcript

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0:00.0	Wall Street Unplug looks beyond the regular headlines,
0:05.0	heard on mainstream financial media
0:07.0	to bring you unscripted interviews and breaking commentary
0:10.0	direct from Wall Street, right to you on Main Street.
0:16.0	It's gone out there, it's February 16th.
0:20.0	Okay, courage just to Wall Street Unplug,
0:21.0	let's bring the headlines and...
0:24.0	Yeah.
0:29.0	Today, what's really moving these markets?
0:32.0	This Thursday,
0:34.0	a lot going on, markets coming down,
0:36.0	PPI numbers, and bring it in.
0:39.0	Daniel Creech discussed this as well.
0:41.0	Hello, Brian.
0:42.0	Have some fun with this, what's going on, man?
0:43.0	How you doing?
0:44.0	Wednesday is going into Thursday, so I like this.
0:45.0	I know, this is awesome.
0:46.0	I'm one of the Wall Street premium,
0:47.0	Wall Street Unplug premium,
0:48.0	which is coming out not next week, the week after,
0:50.0	so everything you're going to get now is so free.
	...

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