Friday, September 23, 2022

Stock Market Snapshot (video)

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  1. Thanks for this great video Marty! Have a great weekend!

  2. There is an interesting argument about inflation that I want to ask you for your opinion. As we know that, there are two (2) sides to inflation, the supply side and the demand side. Yes of course, the Fed can lower inflation by increasing interest rates to suppress the demand side. However, there are still a lot of issues with the supply side of the equation in terms of the macroeconomic environment. It takes policy makers like Congress to soften up some regulations so we can produce more products locally in lieu of sourcing them from elsewhere.
    MBF's Mark Fisher argues that inflation can be controlled temporarily with the Fed's intervention, but will come right back once the Fed stop tightening the screw.

    1. Good question Sam. In other words, the Fed can't print oil, can't print groceries, etc... I.e., like you said, they can quell demand and impact inflation in that regard, AND you can argue that if demand falls, there'll be less pressure on the supply side... That in a sense is where the they-gotta-cause-a-recession argument comes from... Ironically, your point about sourcing products locally, or the desire to do so, does help from a supply chain issue standpoint, but we simply will not be able to produce with nearly the low cost structure we can capture from certain emerging markets... That of course is why you mentioned regulations, but, as you know, there'll be no regulating wages, etc. (employment costs) lower... "Deglobalization" and populism are major inflationary forces that cannot be remotely addressed by the Fed... Mark Fisher is correct in that regard. Have a great weekend my friend!