Join us as we explore the current economic landscape with our special guest, Strider Elass, a senior economist from First Trust Advisors L.P. We tackle the enduring dominance of the US dollar as the world's reserve currency, the potential challenges from currencies like the Chinese yuan, and the implications of the Federal Reserve's interest rate policies. Strider provides expert analysis on the factors that underpin the dollar's strength, such as America's robust legal framework and democracy, while shedding light on the broader economic impacts of the Fed's policies, including inflation and the political environment following Trump's election victory.
Our discussion extends to the complexities of the Federal Reserve's influence on interest rates and the housing market. Drawing comparisons to economic challenges from the past, we explore the misconception that Fed rate cuts will directly reduce mortgage rates and emphasize how long-term interest rates are more influenced by macroeconomic conditions. We also consider the future of the housing market, focusing on the role of demographics and immigration in sustaining demand, and discuss the intricate dynamics of illegal immigration and its economic implications.
We all discuss the future of the US dollar and the role of cryptocurrency in today's economic climate. Highlighting the dollar's resilience despite global pressures, we ponder whether cryptocurrencies like Bitcoin could emerge as viable alternatives and speculate on the economic signals of gold's performance. This episode concludes with an exploration of the potential impact of adopting a Bitcoin standard and the intriguing scenarios where the federal government might invest in Bitcoin.
Guest: Strider Elass is an Senior Economist at First Trust Advisors L.P., a financial services firm based in Wheaton, Illinois.
Find Du Charme Wealth Management here:
https://ducharmewealth.com/contact-us/
#Economics #podcast #Crypto #podcastclips #housingmarket #southernutah #ducharmewealthmanagement #stgeorgeutah
[00:00:00] Intro.
[00:10:54] Fed Policy Impact on Interest Rates.
[00:22:54] Long-Term Housing Market and Immigration.
[00:26:45] Government Efficiency and Economic Impact.
[00:33:54] Government Spending and Economic Impact.
[00:40:09] Future of Dollar and Cryptocurrency.
[00:46:33] Potential Impact of Bitcoin Standard.
DISCLAIMER:
Information presented on this program is believed to be factual and up-to-date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. Discussions and answers to questions do not involve the rendering of personalized investment advice, but are limited to the dissemination of general information. A professional advisor should be consulted before implementing any of the options presented. Encompass More Asset Management LLC is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC) and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements.