Inflation today compared to the 1980s, "is a completely different animal this time around, and the situation is so beyond what the Fed can do now," says Peter Grandich, founder of Peter Grandich & Company. The enthusiasm over this week's Fed rate hike is misrepresented, he tells our Daniela Cambone, because Powell and the Fed, "will still be behind the curve, and need to be more aggressive." "Social and political disharmony is at the highest level since the onset of Civil War," in the U.S., and with the world suffering economic challenges, "it does not paint a good picture for the future." General stocks and bonds have had a phenomenal run, but have been overdone on the upside, Grandich states, "and the only market I can risk capital on for capital appreciation is the gold market." He concludes that the mining companies, "especially the majors, are in phenomenal shape," with the juniors market still facing struggles.
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Timestamps:
00:00 What’s the signal of the Fed’s latest meeting?
3:35 Did Powell become aware of the severity of the inflation?
4:53 What will happen to the stock market now?
6:50 Will the Fed rise 75 basis points next time?
8:16 Shanghai’s lockdown vs. hurting America’s supply chains
10:13 Where are we heading with inflation?
12:26 Is a recession coming?
13:30 China and Russia are both stumbling
14:52 The outlook of the stock market
16:23 How will the gold market perform?
23:13 Peter’s final thoughts on investing
⭐️ Try Stansberry Research FREE for 7 days. Start now ➡️ https://bit.ly/3yePOvw
Join Daniela Cambone's exclusive community ➡️ https://danielacambone.com
➡️ Follow us on Facebook: https://www.facebook.com/StansberryResearch
➡️ Follow us on Twitter: https://twitter.com/stansberry
➡️ Follow us on Instagram: https://www.instagram.com/stansberry_research
➡️ Follow us on LinkedIn: https://www.linkedin.com/company/stanberry-research
Timestamps:
00:00 What’s the signal of the Fed’s latest meeting?
3:35 Did Powell become aware of the severity of the inflation?
4:53 What will happen to the stock market now?
6:50 Will the Fed rise 75 basis points next time?
8:16 Shanghai’s lockdown vs. hurting America’s supply chains
10:13 Where are we heading with inflation?
12:26 Is a recession coming?
13:30 China and Russia are both stumbling
14:52 The outlook of the stock market
16:23 How will the gold market perform?
23:13 Peter’s final thoughts on investing
