| How Serious is the Fed about Tightening Credit? |
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Peter Boockvar and Michael Oliver return as guests. Michael Wood of Reyna Gold visits for the first time.
Peter recently stated on CNBC that the Fed is embarking on the most aggressive tightening program in 40 years. In addition, Peter notes that sell side analysts are have not yet begun to lower earnings estimates for this year that will most certainly result from tighter monetary conditions and supply disruptions, rising operating costs and shrinking profit margins. Many analysts expect the Fed to give up the fight against inflation when economic pain becomes politically unbearable. Does Peter expect the Fed to capitulate its tight monetary policy and if so, what will that mean for the debt and equity markets as well as precious metals and the dollar? In light of those views, how is Peter allocating resources on behalf of his firm’s clients?
Michael Oliver shares his latest market views objectively derived from his momentum and structural model and Michael Wood introduces Reyna Gold’s district-scale gold exploration prospect located in northwestern Mexico. |
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