Watch: 'World Is Breaking Apart,’: We’re on the Verge of a Sovereign Debt Crisis, Says Michael Gayed
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The Inflation Reduction Act is, "unequivocally a misnomer", according to Michael Gayed, portfolio manager at Toroso Investments and publisher of The Lead-Lag Report. He tells our Daniela Cambone that recent spending bills have proven to, "never be used to actually pay down debt, but used as justification to do more." "It wouldn't surprise me if there was a much bigger recession down the line," but Gayed says it's still unclear if we are in a recession right now. He suggests that "the best thing for investors to do is to consider treasuries again." Gayed concludes by arguing that the way the dollar has acted against other currencies signals a potential debt crisis is coming.
#inflation #inflationreductionact #recession #dollar
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Chapters:
00:00 Gayed’s view on the Inflation Reduction Act
6:13 Fed’s interest rates policy
8:13 Stock market performance
11:00 When will the housing price go down?
12:01 Where are we at in this recession?
13:38 Gayed’s favorable sectors
15:24 Where is bitcoin heading?
18:23 Where will the money flow out of bitcoin?
19:30 Why isn’t gold performing well?
22:29 How near are we to a sovereign debt crisis?
24:08 U.S. dollar’s global reserve currency status
25:12 Repercussions of a sovereign debt crisis
26:57 Gayed’s view on taxing the rich
#inflation #inflationreductionact #recession #dollar
⭐️ Join Daniela Cambone's exclusive community ➡️ https://danielacambone.com
➡️ Follow us on Facebook: https://www.facebook.com/StansberryRe...
➡️ Follow us on Twitter: https://twitter.com/stansberry
➡️ Follow us on Instagram: https://www.instagram.com/stansberry_...
➡️ Follow us on LinkedIn: https://www.linkedin.com/company/stan...
Chapters:
00:00 Gayed’s view on the Inflation Reduction Act
6:13 Fed’s interest rates policy
8:13 Stock market performance
11:00 When will the housing price go down?
12:01 Where are we at in this recession?
13:38 Gayed’s favorable sectors
15:24 Where is bitcoin heading?
18:23 Where will the money flow out of bitcoin?
19:30 Why isn’t gold performing well?
22:29 How near are we to a sovereign debt crisis?
24:08 U.S. dollar’s global reserve currency status
25:12 Repercussions of a sovereign debt crisis
26:57 Gayed’s view on taxing the rich
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Francisco Gimeno - BC Analyst The US 'Inflation Reduction Act' is for the US government a powerful tool to fight the adverse economic conditions existent now or, on other words, the inflation and the possible recession coming. But many swear that this is going to help to get more inflation and not the opposite, as it means mint more money to pay for all the new expenses in the Act. BTC and gold, as possible refuge assets are not yet responding well too, and according to the podcast there are some negative signals around like a possible sovereign debt crisis which would be so bad for the USD as global reserve currency. What do you think? Watch this and let us know your opinion.