Economist’s “News and Views” Monday 9-23-2024
Last Time Fed Cut 50 bps Was The Start Of The Great Financial Crisis
Arcadia Economics: 9-23-2024
The markets are cheering that the Federal Reserve is once again back to lowering interests rates, and at a faster than expected pace.
But the history of the beginning of new rate cutting cycles shows that all might not be so easily fixed. Especially when we look back to the last 50 basis point cut, which was delivered right as the Great Financial Crisis really began to accelerate.
So Vince Lanci looks through what's happened in the past, and compares that to the situation we face today. And to find out more, click to watch the video now!
U.S. Can ‘No Longer Afford Debt’, Only Way To Avoid Biggest Default In History | Luke Gromen
David Lin: 9-21-2024
Luke Gromen, Founder & President of Forest For The Trees, discusses the insurmountable amounts of debt the U.S. now faces, and what must be done to avoid a sovereign debt default.
0:00 - Intro
1:20 - Dollar crisis
5:53 - Sovereign debt crisis
9:35 - Rising U.S. debt
9:30 - Dollar outlook
13:30 - Fed funding deficits?
18:45 - Causes of inflation
25:00 - Tariffs
27:35 - Anti-price gouging
30:18 - Inflation/interest rate outlook
33:00 - Gold and Bitcoin
42:00 - National security
45:00 - Recession signs
Global War To DISTRACT From Currency Crisis - "I Hope I'm Wrong" | Matthew Piepenburg
Liberty and Finance: 9-21-2024
Matthew Piepenburg discusses the alarming state of the global financial system, arguing that it is caught in a cycle of excessive debt and centralization.
He highlights his forthcoming article titled "Global Snapshot: Stupid, Broken, and Evil," emphasizing that the current system is unsustainable, with war serving as a convenient distraction for politicians.
Piepenburg expresses concern over the Federal Reserve's recent emergency rate cut, suggesting it signifies a desperate attempt to manage an inevitable crisis rather than a sign of economic strength.
He points out that inflation is a persistent issue, exacerbated by poor fiscal policies and a political unwillingness to make necessary reforms.
Finally, he notes a growing global trend away from reliance on the U.S. dollar as countries seek to protect their wealth through hard assets, indicating a significant shift in the financial landscape.
INTERVIEW TIMELINE:
0:00 Intro
1:44 Fed rate cut
13:50 Economic reality
19:03 Holding hard assets
34:13 War as a distraction
48:15 Von Greyerz