WEALTHTRACK Finance Worries: The Fed's Rapid Tightening Policies
Ed Hyman, the number one ranked economist on Wall Street for 42 years, has warned of the unintended consequences of the Federal Reserve's rapid tightening policies. Hyman, who is Vice Chairman of Evercore and leads the economic research team at its Evercore ISI division, has been monitoring the factors behind the recent nominal GDP growth, including record low-interest rates and a surge in the money supply. However, inflation has been surging, and the Fed is raising rates at a faster clip, leading to weakness in the economy. Hyman's recent reports highlight the impact of the Fed's tightening measures.
WEALTHTRACK Episode #1924 broadcast on December 09, 2022
Bookshelf:
Reminiscences of a Stock Operator: https://amzn.to/3FhYoex
One Up On Wall Street: How To Use What You Already Know To Make Money In The Market
https://amzn.to/3uBS2BM