Friday, August 26, 2022

Economic Snapshot (video)

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Attention Non-Client subscribers: Nothing in this video should be construed as investment advice. The examples expressed relate to portfolio management we perform on behalf of our clients, and, again, under no circumstances are they to be considered recommendations to the viewer.

1 comment:

  1. Once again, thank you for this great video! Yes, definitely it is the most hawkish Fed Powell that I have heard for a very long time. He mentioned Paul Volcker and Alan Greenspan in his speech today (I think on purpose). I believe that he has received a lot of criticism for not addressing inflation sooner and as we now know that inflation is not transitory. When you listen to his 8-minute speech, it is well scripted where he read it word for word. I feel that his tone is very COLD today, especially when he mentioned about brining "some pain to households and businesses. These are the unfortunate costs of reducing inflation." I just can't imagine for people who lost their jobs and listened to Powell's gloomy speech. Nonetheless, I don't really care of what he says. Our portfolio is quite diversified to handle the corrections.