On today's edition of "Boiler Room," Alfonso Peccatiello is joined by Michael Kao, retired hedge fund manager and private investor, for a discussion on the many obstacles facing the Fed.
Kao says "the genie is out the bottle" for inflation. As the Fed attempts to engineer a soft landing, will it be able to do so without causing a credit crisis? Historically, the Fed's track record of engineering a soft landing has been "pretty bad,” according to Kao. How will this cocktail of high inflation, recessionary pressures, elevated commodity prices, a strong dollar and increasing credit risk manifest itself? To find out, you'll have to tune in.
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Referenced In The Show:
Fed Chair Powell Opening Statement to Banking Committee: https://www.c-span.org/video/?c5020856/fed-chair-powell-opening-statemen...
Powell says the Fed is 'not trying to provoke' a recession, but it is 'certainly a possibility.': https://www.nytimes.com/2022/06/22/business/powell-fed-inflation-recessi...
Inflation-"Ride of the Volkyries" Thoughts: https://twitter.com/UrbanKaoboy/status/1528416947007680512
Sohn 2022 | John Collison in conversation with Stanley Druckenmiller: https://www.youtube.com/watch?v=-7sWLIybWnQ&t=2852s
Inflation Is Popping The Biggest Asset Bubble Of All TIme | Michael Kao: https://open.spotify.com/episode/4a1Bqm4X5MeqXNAiLiirWn?si=27104db4abad40f3
Commodity price inflation butterfly: https://twitter.com/UrbanKaoboy/status/1368978017033195528
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Timestamps:
00:00 Introduction
00:49 "The Genie Is Out The Bottle" For The Fed
05:51 Whats Going On In The Bond Market?
15:44 Turmoil In The Housing Market
28:10 Final Thoughts
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Disclaimer: Nothing discussed on Boiler Room should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
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