Monday, March 18, 2019

Fed is doing about what they should be doing



Click here if the above video does not play

Topics discussed include

- This may be a bear market rally

- Wages are not increasing due to Globalization and On Demand economy such as Uber where people are willing to work for less money in exchange for a flexible work schedule.

- Chairman Powell is not a Phd Economist. 

- There is probably more risk of a Deflation than a return to high Inflation for the foreseeable future.

- Fed does not have a good track record in slowing an overheated economy

- Agnostic on Gold

- Brexit

- New York has met its match in Jeff Bezos. He is the wealthiest man in the world. I hope its a wake up call for New York. 

- Net Exodus of resident population in New York,  New York City