Thoughtful Money with Adam Taggart
Here's The Latest Outlook From Lacy Hunt, Lyn Alden, Stephanie Pomboy + A Dozen Other Experts
Oct 22, 2024
Explore the intricate dynamics of today's economic landscape, including the disconnect between money supply and GDP. Experts dissect the long-term effects of government stimulus and the resilience of corporate bonds in rising yield environments. Dive into housing market predictions and contrasting views on property prices, alongside an optimistic outlook on commodities like gold and oil. The session wraps up with invaluable insights from a successful online conference and highlights a future event in Massachusetts.
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Quick takeaways
- The disconnection between money supply and GDP raises concerns about economic underperformance and declining asset prices in the U.S.
- Despite optimistic forecasts for market conditions, analysts warn of excessive government stimulus contributing to inflationary risks and investment caution.
Deep dives
Economic Inconsistencies and Consumer Spending Strain
The podcast highlights a concerning disconnection between money supply and GDP, as noted by a former Federal Reserve economist. This inconsistency raises fears of economic underperformance and declines in asset prices, particularly in the U.S. Consumer households are showing significant weakness, with discretionary spending suffering due to rising costs in essential categories like food and housing. Retail sales, which often reflect consumer choice, have been negative in inflation-adjusted terms for three consecutive years, signaling potential trouble ahead.
