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DESPITE HIGHER INFLATION AND INTEREST RATES ED YARDENI MAKES THE BULLISH CASE

Yankee legend Yogi Berra famously said, “It’s deja vu all over again,” one of his many memorable expressions. That’s the way I feel this week.  

The “deja vu all over again” is the theme of “Don’t fight the Fed.” The Federal Reserve’s recent pivot from inflation promoter to inflation fighter puts that adage front and center in the current debate between the bulls and the bears.

This week’s guest has been following that dictum during his 40-year investment career. He has been bullish since the Fed opened the monetary spigots in 2009. He is Ed Yardeni, a Ph.D. economist, long-time Fed watcher, and investment strategist who is widely followed by institutional investors. 

He is also the author of several books.  The latest, In Praise of Profits! is dedicated to progressives to help them understand that “profits isn’t a four-letter word.” 

Another Yardeni book is Fed Watching for Fun and Profit: a Primer for Investors, which we discussed in-depth in an earlier WEALTHTRACK interview. In that book, he wrote: “To do this job well, I’ve learned that nothing is more important than to anticipate the actions of the Federal Reserve system’s Federal Open Market Committee (FOMC) which sets the course for monetary policy in the United States.”  

Given the Fed’s change of policy from easing to tightening I asked Yardeni if he was becoming less bullish. 

WEALTHTRACK Episode #1833 broadcast on Febuary 11, 2022

Listen to the audio-only version here:

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EDWARD YARDENI

ACTION POINT

BE AWARE OF POTENTIAL RISKS IN POPULAR ETFS

  • ETF ADVANTAGES 
    • Low fees  
    • Tax efficient
    • Trade like stocks
  • HOT ETF FLAWS
    • Can get too big
    • Don’t close to new investors  
    • Money pours in 
    • Have to buy more shares  
    • Shares become more expensive 

BOOKSHELF

In Praise of Profits!
Fed Watching for Fun & Profit: A Primer for Investors
Martin Zweig’s Winning on Wall Street

ONE INVESTMENT

 U.S. STOCK MARKET

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ARCHIVES

Ed Yardeni from the WEALTHTRACK Archives:

Jeremy Grantham from the WEALTHTRACK Archives:

WEB EXTRA

IN PRAISE OF PROFITS

Economist, strategist, and entrepreneur Ed Yardeni has dedicated his latest book, In Praise of Profits!, a defense of entrepreneurial capitalism to its biggest critics, political progressives.