Bankless

Is This the Endgame? with Itay Vinik

12 snips
Dec 7, 2022
Guest
Itay Vinik
Itay Vinik, Co-Founder & Chief Investment Officer at Equi, shares his insights on the current economic landscape and investment strategies. He discusses the implications of recent market events like Terra and FTX, and how federal monetary policies are shaping the future. Vinik offers a deep dive into inflation trends and personal debt, analyzing their impact on the economy. He emphasizes the importance of personal preparedness and sound financial practices as we navigate potential shifts in the market.
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INSIGHT

Fed Balance Sheet and QE

  • The Fed's balance sheet shows how much liquidity they've injected into the market.
  • Each time they stopped QE, the economy faltered, revealing an addiction to liquidity.
INSIGHT

The Hidden Tax of QE

  • QE caused asset price inflation, benefiting asset holders more than wage earners.
  • This widened the wealth gap, a hidden cost of QE not measured by the Fed.
INSIGHT

Sticky Inflation

  • While current monthly inflation is lower, services inflation is sticky and harder to reduce.
  • Job losses could lower inflation, but would also worsen a recession.
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