69 min listen
Unavoidable Crisis: We Have Too Much Debt That We Can't Afford To Repay | Matt Piepenburg
Unavoidable Crisis: We Have Too Much Debt That We Can't Afford To Repay | Matt Piepenburg
ratings:
Length:
116 minutes
Released:
Jun 20, 2024
Format:
Podcast episode
Description
When asked last month if the US economy was heading into stagflation, Fed Chair Jerome Powell said he didn't see the "stag" nor the "flation" in the data he looks at.
Well, US Q2 GDP growth estimates as forecasted by the Atlanta Fed's GDP Now service are plunging.
And Q1's weak reported GDP growth rate of 1.6% was revised further downwards to a paltry 1.3%
That's some "stag" right there.
And CPI remains quite sticky at 3.3%, solidly higher than it was 9 months ago. So that's some "flation"
To learn how to protect the purchasing power of your wealth in an increasingly stagflationary environment, we're fortunate to be joined today by Matt Piepenburg of Von Greyerz Gold.
WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com
#debt #goldprice #currency
---
Support this podcast: https://podcasters.spotify.com/pod/show/thoughtful-money/support
Well, US Q2 GDP growth estimates as forecasted by the Atlanta Fed's GDP Now service are plunging.
And Q1's weak reported GDP growth rate of 1.6% was revised further downwards to a paltry 1.3%
That's some "stag" right there.
And CPI remains quite sticky at 3.3%, solidly higher than it was 9 months ago. So that's some "flation"
To learn how to protect the purchasing power of your wealth in an increasingly stagflationary environment, we're fortunate to be joined today by Matt Piepenburg of Von Greyerz Gold.
WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com
#debt #goldprice #currency
---
Support this podcast: https://podcasters.spotify.com/pod/show/thoughtful-money/support
Released:
Jun 20, 2024
Format:
Podcast episode
Titles in the series (100)
2024 "Going To Be A Lot Worse" For Markets As Tech Stocks Implode | Fred Hickey by Thoughtful Money with Adam Taggart