Get Used To A Slower Rate Of Growth | Peter Boockvar
The Julia La Roche Show, Released on 1/31/21
Peter Boockvar, Chief Investment Officer of Bleakley Financial Group and author of the macro newsletter The Boock Report, joins Julia on episode 51 for a wide-ranging conversation on macroeconomics. In this episode, Boockvar makes a case that investors need to get accustomed to a slower growth rate in this new interest rate environment where rates will stay higher for longer. As Boockvar puts it, it's a "death by a thousand cuts" economy. The conversation touched on the housing market, the Federal Reserve, earnings, layoffs, China's reopening, inflation, and much more.
0:00 Intro0:31 Macro view1:12 Still in a bear market2:31 Debt coming due5:56 A death by a thousand cuts8:06 A slower rate of growth9:40 Housing market10:35 To what extent do home prices fall?13:58 Economic outlook15:00 Higher rates relative to inflation is a more healthy environment17:00 The Fed's reputation has been shattered18:03 Powell doesn't want to repeat the 1970s19:00 Fed wants the market to 'sober up'20:44 2% inflation target is an arbitrary number25:00 Earnings are a headwind for stocks27:40 White Collar recession30:24 China's reopening31:40 Chinese consumer has been unleashed34:45 Why oil will go well north of $100 this year36:30 Playing the China reopening37:40 U.S. big tech's best of their stock days are over40:30 Every investor focused on macro has to keep an eye on BOJ44:00 How to think about inflation49:00 Be aware of your investing/economic surroundings50:08 Boockvar's marrying macro and micro53:11 Time horizon is the key to successful investing.
Peter Boockvar is the Chief Investment Officer of Bleakley Financial Group and Editor of The Boock Report newsletter https://boockreport.com/.
Get Used To A Slower Rate Of Growth | Peter Boockvar added by Herman James on 01/30/2023View all posts by Herman James ?+'