Thoughtful Money with Adam Taggart Here's The Latest Outlook From Lacy Hunt, Lyn Alden, James Grant + A Dozen Other Experts
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Oct 22, 2025 
Judy Shelton, an advocate for sound money and constitutional monetary principles, passionately discusses the importance of price stability and critiques current inflation-targeting policies. She argues for a return to a stable monetary system, emphasizing the constitutional basis for sound money. Shelton highlights the moral implications of fiscal responsibility, urging listeners to reconsider how monetary policies impact everyday lives. Her insights provide a thought-provoking perspective on economics and governance.
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Perfect Storm Threatens Growth
- Lacy Hunt warned that falling capacity utilization, AI's deflationary effects, Fed tightening, and tariffs form a "perfect storm" suppressing growth into 2026 and beyond.
- He argues a recession next year is hard to avoid unless policy variables change critically.
Long-Term Investing Looks Risky
- Stephanie Pomboy and Grant Williams called today's environment very scary for long-term investors because liabilities and fiscal pressures don't add up.
- They warned that long-term investing now requires taking these macro risks seriously rather than speculating short-term.
Liquidity Tailwind Is Reversing
- Michael Howell highlighted that liquidity which powered recent GDP and market gains is rapidly drying as the Fed steps back from injecting liquidity.
- He points to an inflection beginning in September linked to reduced Fed support.