Thoughtful Money with Adam Taggart Adam Taggart | Thoughtful Money

If we care about the future of the economy, then we have to pay close attention to the policies that shape it.

We are currently living in an age of extreme -- and in certain cases, unprecedented -- levels of monetary and fiscal policy.

Is that wise? Or should market forces be allowed to play out more & free us from the constant intervention of the central planners?

To explore this, we welcome economist Dr Arthur Laffer. Dr Laffer was the first to hold the title of Chief Economist at the Office of Management and Budget in the early 1970s. He then later served as a member of President Reagan's Economic Policy Advisory Board. He's perhaps best known for developing the Laffer curve, a model for determining the optimal balance between tax revenues and economic growth.

Dr Laffer sees the major nations of the world declining into a sclerotic senescence. BUT...he sees a way for us to reverse that plight, on a timeline that could be much faster than many imagine is possible.

The key question is: Will we have the conviction, courage and commitment to embrace the necessary reforms?

For an important discussion with a respected economic advisor to nearly every President since Nixon, watch this video with Dr Art Laffer.



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#taxes #internationaltrade #economics

In order to succeed, it's critical to understand the rules you're playing by.

And the rules for investing may have recently changed.

There's a good argument to be made that we are now in an era of fiscal dominance.

Today's guest, one of the smarter you'll get the chance to hear from, is certainly making that case.

So what exactly is fiscal dominance?

Why is it important for investors to understand?

And which assets do well, and which do poorly, in such an era?

To find out, we have the good fortune of speaking today with Lyn Alden, investment strategist & author of the recent book "Broken Money: Why Our Financial System is Failing Us and How We Can Make it Better"

And if time allows, we'll also ask for her outlook on the dollar, gold and Bitcoin.



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#fiscaldominance #inflation #recession

Is the market downdraft that sent stocks 5% lower from their recent all-time highs over?

It's looking like it could be.

But the market is at a "critical juncture" observes portfolio manager Lance Roberts.

The S&P is getting quite close to its 50 and 20 Daily Moving Averages. If it rises above them, then we're likely back off to the races and new all-time highs could be in the future.

But if it fails to do so, then a fall back to the 100 Daily Moving Average is more likely in store.

Lance and I walk through the charts, as well discuss the latest slowdown in GDP growth, the latest hot inflation surprise data, as well as what's happening with bond yields.

This episode is very important to watch if you're 40 years or younger and/or just starting out on your wealth-building journey. Lance shares his simple formula for how to get out of financial survival mode and amass sufficient capital to take control of your financial destiny.

For that, plus everything that mattered to the markets, watch this week's Market Recap.



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#investing #inflation #interestrates

With the market now expecting less than 2 rate cuts this year -- perhaps none at all until next year according to Bank of America -- what does that mean for the economy?

Can it handle "higher for even longer" interest rates without slowing markedly?

Or, even worse, something systemic breaking?

And what impact will these higher rates likely have on stock, bonds and other asset prices?

To find out, we're fortunate today to talk with money manager Michael Pento. president of Pento Portfolio Strategies.

Michael is "not happy". He's very concerned that the crown jewel of our capitalist society, the middle class, is getting "destroyed". He sees nothing good coming from that.

And looking ahead, he sees a disinflationary recession happening in the second half of 2024, to be followed in early to mid-2025 by an era of stagflation more extreme than we've ever experienced.



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#inflation #stagflation #recession

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Stocks have sold off sharply since hitting all time highs just 3 weeks ago.

Bond prices are falling, too.

What's going on here?

Is this just a needed pullback to remove excessive froth before the market resumes rising to all-time highs?

Or is this a more significant reversal?

For a professional's perspective, we turn to John Llodra and Mike Preston, the lead partners at advisory firm New Harbor Financial.

Many of you already know that New Harbor is one of the financial advisory firms endorsed by Thoughtful Money.

To schedule a free consultation with them, fill out the short form at https://www.thoughtfulmoney.com

#inflation #goldprice #marketcorrection

On the famous fear/greed index, after spending most of the past year and half in "greed", we've suddenly switched to "fear" over a very short time frame.

The S&P has broken below both its 20 and 50 Daily Moving Averages.

Inflation printed hotter than expected, making Wall Street start to doubt the Federal Reserve's ability to deliver expected rate cuts.

And geopolitical tensions have puckered tighter following the escalation of hostilities between Iran and Israel.

Is the exuberant sentiment that drove the past year's bull market now gone?

Or it is just taking a breather before continuing to climb what has suddenly become a much steeper Wall Of Worry?

For answers, we're fortunate to speak today with market veteran Kevin Muir, founder and editor of The Macro Tourist, the highly-acclaimed newsletter that currently ranks as the #12th largest financial Substack in the world. 

Follow Kevin at https://themacrotourist.com/



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#marketcorrection #volatility #investing