Description

In this episode of the Plutonomix Podcast, it's Laurie's turn to talk about the importance of the upcoming, midterm elections on November 8th and what outcomes may already be priced into the stock and bond markets. She explains what economists are truly concerned about and -- regardless of the election outcomes -- compares predictions for the coming year to historical moments and why (as Barnaby suggested last time) the stock market often prefers a stalemate   

TIMESTAMPS

• [00:01] Intro
• [01:19] The importance of the upcoming midterms
• [03:50] Inflation, Stagflation and the threat of a Wage-Price Spiral
• [06:37] De-globalization and current supply chain disruptions 
• [10:21] Reposition yourself with long-term money
• [12:50] Outro

RESOURCES

• What I Think I Know by Barnaby Levin
• The Illusion of Knowledge by Howard Marks
• Closing Technique of the Week: The Ben Franklin Close
• CNBC: The Fed has not made a compelling case for taming inflation by crushing demand, says Judy Shelton
• Stan Druckenmiller says he'd be 'stunned' if recession doesn't happen in 2023
• Contact Barnaby
• Contact Laurie

Hightower Advisors, LLC is an SEC registered investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.