The Fed Doesnt Have What It Takes To Fight Inflation | Joseph Wang & Mish Shedlock

Published: Sept. 1, 2022, 11 a.m.

b'Use code JACK250 to get $250 off tickets to Blockworks\\u2019 New York Digital Asset Summit: https://blockworks.co/events/digital-asset-summit-2022-new-york/\\nUse code GUIDANCE250 to get $250 off tickets to Blockworks\\u2019 London Digital Asset Summit (sale ends Sunday): https://blockworks.co/events/digital-asset-summit-2022-london/\\n--\\nNOTE: This interview was filmed on August 23, 2022, days before Fed Chair Jay Powell\\u2019s remarks at Jackson Hole.\\n\\nJack welcomes former senior Fed trader Joseph Wang and Michael \\u201cMish\\u201d Shedlock, economic blogger and investment advisor, to analyze the twin threats of inflation and recession, and the challenges investors and the Federal Reserve face as they try to navigate both. Shedlock argues that the economy is slowing rapidly and the Federal Reserve will likely overtighten which could \\u201ckill\\u201d the stock market. Wang argues that the risk is that the Federal Reserve is too loose, and notes that an excerpt from the July FOMC minutes which Wang saw as \\u201ccowardly\\u201d caused Wang to be more open to the view that Powell will cave to dovish political pressure. In his own words, \\u201cthis is the Fed of Arthur Burns.\\u201d\\xa0NOTE: This interview was filmed on August 23, 2022, days before Fed Chair Jay Powell\\u2019s remarks at Jackson Hole.\\n--\\nFollow Mish Shedlock on Twitter https://twitter.com/MishGEA\\nFollow Joseph Wang on Twitter https://twitter.com/FedGuy12\\nFollow Jack Farley on Twitter https://twitter.com/JackFarley96\\nFollow Forward Guidance on Twitter https://twitter.com/ForwardGuidance\\nFollow Blockworks on Twitter https://twitter.com/Blockworks_\\n--\\nGet top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/\\n--\\nJoseph Wang\\u2019s work can be found here: https://fedguy.com/\\nMish Shedlock\\u2019s writings can be found here: https://mishtalk.com/\\nMish\\u2019s article on housing: https://mishtalk.com/economics/new-home-sales-crash-accelerates-sales-down-12-6-percent-in-july\\nJuly FOMC minutes: https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20220727.pdf\\n--\\n(00:00) Introduction\\n(01:37) Are We In A Recession Already?\\n(05:48) Housing\\n(15:00) Stagflation\\n(19:58)The Stock Market\\n(21:12) The Wang Pivot\\n(29:27) The Commercial Banking System\\n(35:16) Asset Allocation\\n(36:51) Gold\\n(39:53) The Pension Crisis\\n--\\nDisclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.'