Why Did Inflation Fall To 3-Year Low? Prepare For Higher Interest Rates | Peter Boockvar

Peter Boockvar, CIO of Bleakley Financial Group, discusses the most recent inflation report, outlook for interest rates, economic growth, and catalysts for a potential stock market correction.

*This video was recorded on August 14, 2024

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*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.

0:00 - Intro
0:50 - Latest CPI report
4:46 - Consumer spending
7:20 - Deflation
9:00 - Recession after Fed pivot
13:41 - Liquidity concerns
14:55 - Stock market vs. Yen carry trend
17:20 - Catalyst for next market correction
19:38 - Bond bear market
22:00 - Rising deficits
24:18 - What's propping stock markets up?
26:00 - Assets Peter is bullish on

#inflation #economy #stocks

[TheDavidLinReport]

July CPI was 2.9%, the lowest since 2021. Will it get lower this year?


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[AdamGreene]

I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.

[Bigredbulldog]

As a consumer I’m destroyed, you can raise you can lower. You can do whatever you want with the interest rate. I have no money left to buy anything. All I can do is pay bills.

[Peterl]

Speaking of 2.9% inflation, how are you able to? In our midwestern city, real price inflation is roughly 20%. Will the cost of food, petrol, or insurance rates all go down in the near future? We've reduced our spending significantly and will keep doing so until prices go down as part of our part.

[Patriciabanks]

As recession mount on Wall Street and inflation remains well above the Fed's 2% target, some economics sounded off on just how bad this downturn might be — and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement, my goal is to have a portfolio of at least $850k at the age of 60.

[JasonAmir-qouo]

So what exactly do we do if feds don't cut rates this year?

[Alloytribe]

Middle class getting strangled purposely. This is not an accident 😢

[jtrealfunny]

Great guest. He has his convictions and his reasons really clearly thought through.

[RickWatson-xugw]

With fears of recession and rising interest rates, my $600, 000 portfolio is down 25%. How can I hedge it to profit during this recession?

[Avajordan]

One problem is unemployment statistics are totally off. The next problem, problem is inflation numbers aren't even close to being real... that coupled with the incompetence of the current administration equals disaster

[allencoffland]

Peter is the hardest working economist on is his fourth interview i've seen in 2 days

[Fastapproaching]

I hope interest rates go up to 15% I'm loving it right now at 5% can't wait

[GuyBlack-nfdt]

Peter knows what he is talking about. Him, Michael Pento, Thomas Hayes and one or two others are the only ones worth listening to on YT

[JJ-dctt]

How can you talk about 2.9% inflation? Real price inflation is about 20% in the mid west city we live in. Are our insurance premiums going to decrease, or the price of food, or gasoline? We're doing our part, we greatly curtailed our spending and will continue to do so until prices decline.

[cvrart]

With the current prices of houses, deflation in home prices would be good.

[Star-utl]

David, guests always talk about the future but I would love for them to talk about the present. For example: Price of gold went up and this is how it will affect the Record layoffs are

[writetravis]

Always a great guest. If he is on I am watching.

[BobHaikou]

Excellent guest!!!! Well done, David. David, get Wolf Huge.

[julienbengkee]

The need to reduce inflation overcapacity is imperative!

[adt]

Very helpful and informative. Thank you David!