Discover the hidden truths behind the stock market’s resilience, inflation's real impact, and the disruptive power of AI and meme stocks.

Join Andrew Brill as he interviews Phil Rosen, co-founder and editor of Opening Bell Daily. Phil is a seasoned financial reporter with experience working with Business Insider, Inc, and other financial outlets.

In this episode, Phil shares his expert insights on the current state of the US economy, highlighting the resilience reflected in the stock market despite widespread economic uncertainty. He addresses the discrepancy between official inflation statistics and the real-life impact on consumers, emphasizing how cumulative price gains are felt in everyday expenses.

The conversation also explores the fascinating world of meme stocks, focusing on the story of Roaring Kitty and GameStop. Phil discusses how a single trader's bold moves and the ensuing retail investor frenzy have disrupted traditional market dynamics, raising questions about market manipulation and sentiment-driven investments.

Additionally, Phil offers his perspective on the AI revolution, noting the relentless hype surrounding AI advancements and their potential long-term impact on the market.

TIMESTAMPS:

00:00 - Introduction

01:14 - Overview of Opening Bell Daily

03:07 - Current Economic Sentiments and Inflation

05:16 - Divergence Between Market Performance and Economic Data

08:45 - Impact of Interest Rates and Money Market Funds

12:14 - Stock Market Resilience and Future Projections

14:08 - Meme Stocks and Market Manipulation

19:23 - Fundamentals vs. Sentiment in Investing

23:50 - Employment Report and Economic Indicators

27:40 - Federal Reserve Policies and Their Lagging Effects

30:18 - The Hype and Future of AI

34:04 - Nvidia's Dominance in the AI Market

35:16 - Powering the AI Revolution

36:27 - Closing Remarks

Professor Steve Hanke reveals why he believes a recession will strike the second half of 2024 and how you can protect your portfolio.

In this episode of Wealthion, host Andrew Brill welcomes back Steve Hanke, Professor of Applied Economics at Johns Hopkins University and former advisor to President Reagan.

Professor Hanke provides his in-depth analysis of the current economic landscape, breaks down the contraction of the money supply, rising unemployment, and the likelihood of an impending recession. Hanke critiques the Federal Reserve's recent actions, describing them as significant monetary blunders that have set the stage for an inevitable downturn. He explains how the Fed's overreaction to early 2020 events led to an unprecedented growth in the money supply, followed by a severe contraction, signaling a challenging period ahead. The conversation also dives into the rising national debt, currently at $35 trillion and increasing, and its potential consequences for future generations.

TIMESTAMPS:

00:00 - Introduction

01:26 - Economic slowdown

03:22 - Fed's monetary policy

06:23 - Interest rates & inflation

07:29 - Government stimulus

08:40 - Market perception

09:45 - Golden growth rate

12:57 - Banks & money supply

18:01 - Historical recessions

20:43 - Unemployment rise

22:54 - Market exuberance

26:36 - Pricing & wage growth

30:22 - National debt

33:13 - Inflation tax

35:04 - Debt crisis solutions

37:42 - Budget process issues

38:35 - Fiscal responsibility

39:50 - De-dollarization myths

41:57 - Gold hoarding

43:56 - Conclusion

In this episode of Wealthion, James Connor speaks with Jim Rickards, a renowned economist and bestselling author, who dives into the political and economic turmoil shaping the upcoming 2024 elections.

Rickards provides his insights on whether President Biden might be replaced before the Democratic National Convention and the implications for the economy and investor sentiment. He also covers the ongoing geopolitical tensions in the Middle East, Ukraine, and China.

Rickards states, "Biden’s future as the nominee is uncertain." This episode also explores:

* The likelihood of Biden being replaced at the DNC.

* The geopolitical landscape and its influence on US politics.

* The state of the economy heading into the 2024 elections.

* Strategies for investors to navigate the political and economic uncertainties.

Tune in to hear Rickards' expert analysis and prepare yourself for what lies ahead in the 2024 elections. For more from Jim Richards, check out his newsletter linked here: https://pro.paradigm-press.info/m/2327065

TIMESTAMPS:

00:00 - Introduction

01:25 - Geopolitical turmoil

04:00 - Russia-Ukraine war

13:50 - Economic sanctions impact

16:40 - Biden DNC replacement

19:58 - 60s vs. now comparison

25:23 - Conclusion