Was Life Better When the Fed Printed Away?

We are going to see the CPI continue to decline for a couple months before we get a rebound, I think we have a real inflation problem," asserts Adrian Day, CEO of Adrian Day Asset Management. "The unemployment rate is always at its lowest immediately before a recession," he tells Daniela Cambone. "I don't think having low unemployment means we will avoid a recession because of this," Day continues. "The Fed over its 100-plus year lifespan has given us no reason to be confident that they can find a middle ground between easing and tightening," he says. "It's not that the Fed is doing their task badly, which they are, it's just that their task is impossible," Day warns. "The U.S. market today is not taking the Fed seriously. It's back in a mania phase," he states. "We are getting younger gold investors now. The objective has changed in the last 12 months and you're seeing that with the shortage of coins from coin dealers, with huge premiums," Day concludes.

#federalreserve #ratehikes #gold

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00:00 Do we still have a real inflation problem?
4:33 The change in landscape for employment
7:14 Will rate hikes be around much longer?
8:52 Soft landing scenario
10:16 Is there a middle ground for the Fed’s monetary policy?
11:17 Britain's economy is declining
14:57 Adrian’s investment strategies
15:12 Breakdown of stocks/how liquid to be right now
19:00 Balloon/China