Craig Hemke – When Money Dies – The Coming Stagflationary Recession
Craig Hemke, Founder and Editor of TF Metals Report, joins us for a discussion on the key macroeconomic drivers he’s watching that are continuing to feed the stagflation backdrop as it relates to inflation, high energy prices, a slowing economic growth outlook, and changes coming the labor markets.
Craig highlights some passages from the book, “When Money Dies” by Adam Fergusson, and recommends it to people concerned about where the economic health and fiscal trends may be heading. The discussion covers a number of macro factors like the Fed’s policy tug-of-war between fighting inflation and collapsing the markets, the true impacts of the rising energy sector, how higher input costs will affect corporate earnings and employment, and how an ongoing stagflationary recession may underpin longer-term intrinsic value in hard assets like gold and silver.
Your Masters of The Universe at the Federal Reserve would like you to believe that they have inflation under control and they can solve the problem through a few hikes of the fed funds rate. This is foolhardy and today let’s look at just one problem that they cannot fix.
If you’ve traveled by car recently, you’ve likely noticed that highest gasoline and diesel prices on record. It looks something like this: