Tue, 13 February 2018
CW 958 - The Impact of Quantitative Tightening on Interest Rates & a Better Use for $1 Trillion with Richard Duncan, Part 2
Jason Hartman kicks off the show today asking his ultimate question: compared to what? It's a question that will serve you well in all aspects of your life and will guide you down the right path. He also wants to invite you to join him on any of his adventures scheduled for this year to make your vacation planning even easier.
Then Jason wraps up his interview with Macro Watch's Richard Duncan. The two tackle the topic of rising interest rates, better uses for going into further debt than giving it to tax reform, how the Fed will react to a tanking stock market, and what we can expect to see over the next few years.
[3:53] Always view things in perspective, and remember, COMPARED TO WHAT?
[6:16] Meeting fellow investors is crucial to success
[8:09] Why doesn't Jason want you to plan any vacations this year?
[11:41] Over Thanksgiving, while re-reading The Art of the Deal, Jason realized that Trump is a New York liberal
Richard Duncan Interview:
[14:26] What people don't realize about interest rates
"People buy houses on a payment, not a price"
[15:38] What the Fed will do if the market drops 10% and what else will happen if it drops 20%
[18:57] What Richard wishes the government had done with the $1 trillion in new deficits that will occur from the new tax reform
[23:31] Why Richard thinks the government can invest as wisely as private companies
[27:58] What are the next few years going to look like?
[30:30] People need to get very familiar with quantitative tightening