Havoc As Strong Dollar At 20-Year High While Inflation Hits 9.1% | Lance Roberts & Adam Taggart

The US dollar index hit a 20-year high of 109 this week, continuing its surge against other major world currencies like the Euro and the yen. This is creating increasing pain for other countries, especially those with Eurodollar loans, as servicing those is becoming more expensive at the same time that import costs are rising.

Fresh from his trip to Italy where he saw first-hand the impact of the US dollar and the Euro now being at parity, financial advisor Lance Roberts doesn't see any good reasons why the dollar should weaken anytime soon.

This may serve as another factor further weighing on the prices of financial assets like stocks as well as commodities.

It's ironic that such strength in the dollar comes at at time when inflation is the US is raging at a 41-year high, now 9.1% as reported by the latest CPI data.

What will the implications likely be for the markets? Lance and Wealthion host Adam Taggart discuss in this week's Market Update.
_____________
At Wealthion, we show you how to protect and build your wealth by learning from the world’s top experts on finance and money. Each week we add new videos that provide you with access to the foremost specialists in investing, economics, the stock market, real estate and personal finance.

We offer exceptional interviews and explainer videos that dive deep into the trends driving today's markets, the economy, and your own net worth. We give you strategies for financial security, practical answers to questions like “how to grow my investments?”, and effective solutions for wealth building tailored to 'regular' investors just like you.

There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?

Let us help you prepare your portfolio just in case the future brings one or more of the following: inflation, deflation, a bull market, a bear market, a market correction, a stock market crash, a real estate bubble, a real estate crash, an economic boom, a recession, a depression, or another global financial crisis.

Put the wisdom from the money & markets experts we feature on Wealthion into action by scheduling a free consultation with Wealthion’s endorsed financial advisors, who will work with you to determine the right next steps for you to take in building your wealth.

#inflation #recession #dollar
____________________________________
IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss.

[donna]

Lance,
Our middle class is shrinking. We have a huge disparity between the rich and poor in this country. In fact, driving cross country is an eye opener to the poverty in this country. Besides cities and the coasts, the rest of the country struggles from pay check to pay check and even many in those places.
At least in Europe, most people have no worries for healthcare. Most importantly, they have more vacation time to spend with friends abd family. This is a PRICELESS gift that the average American does not have, so who REALLY lives better?

[frederickthegreatpessimist]

He travels to a foreign country and calls the people there lazy because he can't pay in his own currency.

Let that sink in.

[martinhaluska]

Just the explanation for healing the shoulder by hanging: It is simple but very effective cure for so called shoulder impingement. By regular hanging you stretch muscles connecting scapular with spine and thus allow scapular to rotate more. That way acromium can twist more up and back, allowing upper arm move free from restrain. Shoulder ligaments do not get compressed between shoulder head and acromium and healing of rotator cuff can start. This symptom mostly happen to people who do not use full range of motion for long time (e.g. after injury) and the structures of rotator cuff get permanent atrophy. There is statistic that say that up to 90% of shoulder impingements can be healed or at least drastically improved just by hanging about 5 minutes a day. Ideally split into morning-evening sessions. I recommend hanging from gymnastic rings instead of solid bar, as rings allow for more natural angle of your individual joint circumstance's. Hope it helps.

[RezFaraji]

Great chat gents. My personal approach after listening to all your videos daily for months: each paycheck I put 80% off as cash, 5% gold, 5% broad ETF, 5% crypto, and 5% as I hope I don’t get left behind 🤣

[ceciliaferraro]

I look forward to Friday recap. Thank you Adam and Lance.

[philangell]

These are consistently first class. Thank you.

[quillowl]

Thank you Adam Taggart, and to the guests you interview. I appreciate the knowledge i'm acquiring. Kind regards Patrique

[foroutanfaezeh]

People in Italy are not lazy. They preferred being paid in euros because the transactional cost of exchanging currencies is high: going to the bank with correct documents, answering questions about where u got your dollars, paying commission which can be high, etc. U forgot all that.

[mattanderson]

Thank you so much guys!!
Love the weekly recap!

[jeremyrobbins]

Hanging huh? In the last year my shoulders have been starting to kill me with pain daily. Thanks for sharing that, I'll have to check that out.

Once again great weekly recap. Thanks guys.

[kurgin]

i love that when you admit being wrong on the peak inflation call, you re-up the call again =)

[zulustu]

Italy isn’t a socialist country it’s a democratic republic!!!! I’ve been through the US and would rather be poor in probably every other country than the US of A

[AAAAAAAAAA-khrk]

My go-to interview every week! Much appreciated as always gents! Interesting time to sell gold. As far as I understand, gold usually sells off with the general market in a crash/downturn, because people need to raise cash. But it tends to bottom a while before equity markets bottom, once people realize bad times are ahead. So if anything, it should be a good time to buy gold. Let´s see...
Happy to hear about your shoulders Adam!

[spiritualdeath]

See if the shut down accelerated boomer retirement. The loss of skilled, experienced 50 somethings will damage a company's prospects. Sorry had to wait till 1.04 - you nailed it.

[RadicallyFRUGAL]

For a little anecdotal evidence of an economic slowdown, I deliver doordash full time on Eastern United States I go up and down the coast I've been noticing more zero tip orders and more restaurants closing earlier several family-owned restaurants struggling some on the edge of closing. Also orders are getting smaller. I have enough data to plot this I plotted every day actually. I average between 170 and 220 deliveries a week. Because of the fact that I have hundreds of clients in the form of department stores supermarkets convenience stores pharmacies regular restaurants fast food places, and tens of thousands of prospective customers purchasing food and goods I found that I'm almost like an early warning system. I don't think this is just going to be a harsh reception I think it's going to be a gut-wrenching debt collapse induced depression whether it mutates into a hyperinflationary depression like Venezuela and buy more Germany or deflationary depression is yet to be determined. My gut feeling based on reading of history and studying economic depressions and hyperinflations is that we are going to be in a Great Depression class event that's going to have deflationary asset prices and inflationary necessities. The natural price hikes caused by supply chain collapse will be horrifically Amplified by the excessive money creation. The waves up and down the deflationary impulsive the M2 that you were discussing the waves up and down are going to be like the waves in the movie The Perfect Storm . Think of me has a street Economist LOL

[ridzuanali]

Thank you very much, Adam and Lance. Great insights from both of you. Take care. Stay safe.

[carl]

Outstanding interview! Thank you for the amazing value that you provide for your audience 🤝🏼👍🏽👏🏻👏🏻

[brantrichardson]

Wow, Lance sold his gold. I have been adding heavily. Now I'm scared.

[xaviercasaled]

Is someone going to tell Lance that the poverty rate in the USA is much higher than in Europe? Americans seem to think Europeans have a lower living standards mainly because we do not live in a house in the suburbs, but that is not the main metric for quality of life. Europeans live longer lives with much lower levels of stress than Americans, even if we do not own houses valued at 1M USD, who cares about that anyways? An average American is much worse off than an average European by all metrics. Worse education, worse healthcare, working more hours for less pay, have to drive everywhere so gas costs are much higher despite having a lower price, etc.

[brandenjannah]

Another great one! These weekly recaps always go down smooth. Thanks guys