Peter Boockvar, Chief Investment Officer at Bleakley Financial Group and a CNBC contributor, discusses the mixed and uneven state of the economy. He highlights the contrasting trends in different sectors, such as housing, consumer spending, and manufacturing. Boockvar also discusses the impact of government spending and the labor market on the overall economy. He emphasizes the confusion and challenges faced by the Federal Reserve in managing inflation and interest rates. Boockvar shares his outlook on the future, including the potential for slower US growth, the importance of Asia in driving economic growth, and his investment preferences in commodities and Asian markets.
Links:
Substack/The Boock Report: https://boockreport.com/
Twitter/X: https://x.com/pboockvar
Bleakley Financial Group: https://www.bleakley.com/
Timestamps:
00:00 Introduction and welcome Peter Boockvar
00:51 Macro view, “the most mixed and uneven economy that I've seen” and it feels more like a 1.5% growth rate rather than 3%
04:47 Labor market
05:45 What’s happening in the rest of the world economies?
08:00 Inflation
09:11 The Fed and interest rates
11:03 Bear steepener
13:40 New normal
18:40 Housing market outlook
21:45 When will the rising debt/deficit be a problem?
