from Kerry Lutz's Financial Survival Network
Lobo Tiggre joined Kerry to discuss the state of the economy and inflation, with Lobo providing a nuanced analysis of the factors contributing to the weakness of the US and global economies. They also discussed the strength of the demand for gold despite headwinds like higher rates and Fed tightening. Lobo provided a market analysis of gold and silver, predicting a potential near-term pullback in the gold market and advising caution. They also discussed the potential impact of a liquidity event on the metals market and the unpredictability of market crashes. Additionally, they discussed the Fed’s response to the banking crisis and how it was a major emergency response that bailed everyone out without explicitly bailing them out. They expressed concerns about the insolvency of major real estate companies in China and the potential for a hard landing in China’s economy, which could impact the global economy.
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“I’m surprised how fast inflation is coming down”(did the national debt stop going up all of a sudden, Lobo?, your talking about “M2 falling” notwithstanding)(But if people start getting sick of war and having trillions poured down the rat hole for it, it just might). “Inflation is first and foremost a monetary phenomenon.”