The Pomp Podcast #1432 Adam Kobeissi | Bitcoin Is Going To Skyrocket After The Election
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Nov 5, 2024 Adam Kobeissi, founder of ‘The Kobeissi Letter,’ dives into the nuances of the US economy, discussing challenges like inflation and the national debt. He elaborates on the increasing unaffordability of homes and contrasting asset trends in gold, Bitcoin, and stocks. Kobeissi highlights Warren Buffett's cash strategy, examines the evolving preferences of investors, and explores the future market landscape. His insights on the reliability of employment data and innovative investment strategies provide a fresh perspective on navigating today’s financial complexities.
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Inflation's Impact
- Inflation is a major problem for American families, impacting their purchasing power.
- Disinflation and deflation are different; prices still rise with disinflation, just slower.
Price Stickiness
- Prices rarely decrease even when inflation slows, as seen with rising input costs for businesses.
- Entrenched inflation occurs when wage increases, driven by sustained inflation, prevent prices from falling.
Fed Credibility
- The Federal Reserve's credibility is its most valuable asset.
- Maintaining this credibility may have motivated the 50 basis point rate cut despite elevated inflation.
