Archive for June, 2021

Economic Recovery: Massive Problems Ahead [2021]

June 20, 2021

How strong and lasting is the current rebound we are seeing in the economy? What about the resurgence in inflation? Those are major debates raging on Wall Street right now.

This week’s WEALTHTRACK guest is looking beyond the current rebound and focusing on what he sees as massive problems which will act as drags on recovery.
Robert Kessler, Founder, and CEO of Kessler Investment Advisors, a manager of fixed-income portfolios with a specialty in U.S. treasuries.
Even before COVID, Kessler has been warning about economic and stock market risk.
On the program this week, he will discuss why he believes those risks have been exacerbated and the market is in a danger zone.

WEALTHTRACK #1751 broadcast June 18, 2021

More info: https://wealthtrack.com/exclusive-with-robert-kessler-on-why-100-years-of-stock-market-history-are-signaling-danger/

KESSLER: IRREVOCABLY CHANGED

June 18, 2021

How has the pandemic changed Robert Kessler’s personal and professional life? His answer is quite different from the responses we have gotten from other WEALTHTRACK guests.  

Watch the related WEALTHTRACK episode.

EXCLUSIVE WITH ROBERT KESSLER ON WHY 100 YEARS OF STOCK MARKET HISTORY ARE SIGNALING DANGER

June 18, 2021

How strong and lasting is the current rebound we are seeing in the economy? What about the resurgence in inflation? Those are major debates raging on Wall Street right now.  

This week’s WEALTHTRACK guest is looking beyond the current rebound and focusing on what he sees as massive problems which will act as drags on recovery. 

Continue Reading »

Inflation Is Temporary: Bullishness on the Economy & Markets Is Wrong

June 13, 2021

The consensus for the economy is bullish. After a 6.4% annualized increase in real GDP, that’s without inflation, in the first quarter, recent forecasts are for 10% GDP growth in the second quarter, 7.5% in the 3rd, and 5% in the fourth.
As for inflation expectations, they are up. Again the consensus is that the combination of a rapidly rebounding economy, supply shortages, and tight labor market will lead to a sustained rise in prices.
The most prominent skeptic on that front is Federal Reserve Chairman Jerome Powell and other Fed officials who believe the price increases we are seeing now are transitory.
This week’s guest, influential economist Dave Rosenberg is in the Powell camp on this one and believes the recent jump in inflation is temporary and that the overall bullishness on the economy and markets is wrong and will be challenged before the year ends.
Dave Rosenberg is the outspoken and often contrarian Chief Economist and Strategist at his independent economic consulting firm Rosenberg Research.
I began the interview by asking Rosenberg why he is as convinced that the bullish consensus is wrong as he was when he went against the crowd at the height of the tech bubble in 2000 and the housing bubble in 2007.

WEALTHTRACK #1750 broadcast on June 11, 2021

More Info: https://wealthtrack.com/why-david-rosenberg-is-convinced-that-the-bullish-consensus-about-the-economy-and-markets-is-wrong/

For more detail about the evidence behind Dave Rosenberg’s convictions, he is generously sharing a recent comprehensive report, “No New Era” with us.
https://bit.ly/3io9XHu

WHY DAVID ROSENBERG IS CONVINCED THAT THE BULLISH CONSENSUS ABOUT THE ECONOMY AND MARKETS IS WRONG

June 11, 2021

The consensus for the economy is bullish. After a 6.4% annualized increase in real GDP, that’s without inflation, in the first quarter, recent forecasts are for 10% GDP growth in the second quarter, 7.5% in the 3rd, and 5% in the fourth. 

As for inflation expectations, they are up. Again the consensus is that the combination of a rapidly rebounding economy, supply shortages and tight labor market will lead to a sustained rise in prices. 

Continue Reading »

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