I had the opportunity to talk with Phil Muscatello on his great podcast, Stocks for Beginners. Here’s Phil’s intro:
In this episode I’m joined by friend of the podcast Gary Brode for a rollercoaster ride through the whimsical world of finance, economics and monetary policy.
Let’s face it, the economy can be dry and complicated. But Gary manages to inject humor into the discussion while unraveling the intricacies of the Federal Reserve’s decisions, Congressional spending habits, and the ever-complex global influences of bond markets. There’s even some laughs around the potential disaster brewing in Japan’s interest rate policy and commercial real estate.
Gary highlights the absurdity of the Bank of Japan’s negligible interest rate increase after nearly a decade of negative rates. He explains how this seemingly minor move left the market in stitches and the yen in a dive.And there’s even more laughs as we discuss the US Treasury Department’s debt monetization and the impact of Congressional spending, which Gary likens to a Ponzi scheme. The inflation numbers, he argues, are understated, and the real picture is much grimmer.
“We are now printing dollars to pay for the interest on dollars we printed last year. If you think that sounds like a Ponzi scheme, congratulations. That’s the definition of a Ponzi scheme.”
We focus on two stocks talking about Nvidia’s dominance and Shockwave Medical’s acquisition talks. Gary shares his insights on Nvidia’s valuation and the competition that might be on the horizon for this tech giant.
Tune in and prepare to be enlightened, entertained, appalled and perhaps a bit concerned about the financial future.
Full text and audio here: https://www.sharesforbeginners.com/blog/gary-brode-dki-02
