4% inflation is the new normal; Stocks to crash another 20% - Adrian Day
Kitco News, Released on 6/14/22
Inflation won't return to 2% 'for the foreseeable future,' says Adrian Day. He discusses the threat of stagflation, and what investors can do to protect themselves. Day, Chairman and CEO of Adrian Day Asset Management, spoke with Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News, at the PDAC 2022 Convention.
0:00 - Fed and inflation8:56 - A coming recession11:35 - Cause of inflation13:40 - Fed credibility19:26 - Best assets to own26:42 - Stock market predictions31:40 - Threats to U.S. dollar
Adrian Day is the president of Adrian Day Asset Management. Mr. Day spent many years as a financial investment writer, where he gained a large following for his expertise in searching out unusual investment opportunities around the world. He has also authored two books on the subject of global investing: International Investment Opportunities: How and Where to Invest Overseas Successfully and Investing Without Borders. His latest book, widely praised by readers, is Investing in Resources: How to Profit from the Outsized Potential and Avoid the Risks (Wiley, 2010). Mr. Day is a recognized authority in both global and resource investing. He is frequently interviewed by the press, domestically and abroad. He is a popular speaker and frequently invited to lecture at financial conferences and seminars around the world. His pleasures include fine dining, reading (especially history), and the opera.
4% inflation is the new normal; Stocks to crash another 20% - Adrian Day added by Herman James on 06/14/2022View all posts by Herman James ?+'