2 min read
On this week's show, we are back talking about investing and the markets. Our guest is Herb W. Morgan of Efficient Market Advisors.
Herb is a sharp guy, and we get into several interesting and relevant topics. We dive into inflation, and the interesting market reaction to the latest Federal Reserve update to increase their inflation forecast. However, they still maintain that inflationary pressures are largely transitory.
Herb believes the bifurcated market reaction, with value stocks all of a sudden rolling over and growth catching a big bid, is a sign of growth regaining a leadership position.
We also discuss the Modern Monetary Theory (MMT) experiment and the risk that it ultimately leads to unknown but potentially dangerous unintended consequences.
We talk about the US Dollar's role as the reserve currency for the world, Bitcoin's potential as a true currency, and much more. We have a wide-ranging and dynamic conversation that will help bring you up to speed in the markets.
Herb has a fantastic podcast called Slaying Bulls & Bears, where every week, he breaks down the market in a methodical, data-driven, and compelling way. Listen to his podcast here.
Enjoy this week's episode.