Chris Temple, Editor and Publisher of the National Investor, joins us to for a longer-format nuanced discussion on the US equity markets, US dollar, gold, and the real health of the economy, after this week’s Republican party sweep in the elections, and after the Fed has just cut rates again in November as anticipated. We get into many different areas of the economy, potential paths forward, and hard decisions and proposed solutions that will need to be considered as we roll into 2025.
We start off discussing the Trump trade rally we saw in US equities, and curiously the US dollar post election results and Fed rate cuts, but yet a selloff in gold and the precious metals sector as the uncertainty of the election results and outlook on geopolitical tensions have now eased some. Chris gets into a number of initiatives that the new Trump administration will need to consider to navigate the challenging setup with stickier inflation and even stagflation expected if tariffs are implemented, how tax cuts must be balanced with real, but dubious, budget cuts, and reflecting back on different points in history looking for analogs to this kind of macro backdrop we are facing moving forward.
Chris lays out potential pitfalls and potential solutions that are on the table, if this administration has the will to enact them, and unpacks a potential infrastructure fund proposed that would bypass the Federal Reserve, and dependency on greater and greater central banking debt.
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Click here to follow along with Chris at the National Investor website.