Dennis Lockhart on the 2008 Crisis, Fed Policy & Today’s Economy

Speak Up’s Anthony Scaramucci welcomes former Federal Reserve Bank of Atlanta President and CEO Dennis Lockhart to explore the echoes of the 2008 financial crisis and how they still resonate in today’s economy. Lockhart shares insider insights into the Fed’s bold response with quantitative easing, critical lessons learned, and how those actions continue to impact today’s Fed policies, including the recent rate cut. He also discusses the rising risks of deficits, the challenge of balancing growth with inflation, and what may lie ahead for the U.S. economy.
Chapters:
0:38 - Introduction & Guest Background
3:17 - Setting the Stage: 2007 to 2008 Crisis
6:44 - The Fed’s Minuet With The Markets
11:33 - Quantitative Easing: Was It a Good Idea?
17:53 - Are Interest Rates Back to Normal?
20:58 - The Fed’s 50 Basis Point Rate Cut: Panic or Optimism?
23:28 - The Impact of Rising Deficits on the Economy
28:41 - Demonetization or Quantitive Tightening Explained
31:27 - Dennis Lockhart’s Personal Investment Strategy
33:28 - Audience Question: Can the Fed Balance Inflation Control with Growth?
35:22 - Audience Question: Where Should I Park My Cash?
37:27 - Audience Question: Blockchain, Stablecoins & Bitcoin
39:52 - Tackling America’s Debt and Unfunded Liabilities
42:11 - Audience Question: How Can Politicians Be Civil To Each Other?
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#Wealthion #Wealth #FedPolicy #2008FinancialCrisis #QuantitativeEasing #USEconomy #InterestRates #EconomicChallenges #AnthonyScaramucci #DennisLockhart #SpeakUp #FinancialMarkets #Fed #Economy
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IMPORTANT NOTE: The information, opinions, and insights expressed by our guests do not necessarily reflect the views of Wealthion. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.
While we value and appreciate the insights shared by our esteemed guests, they are to be viewed as personal opinions and not as official investment advice or recommendations from Wealthion. These opinions should not replace your own due diligence or the advice of a professional financial advisor.
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[@darranhenderson3174]

The US economy is already in recession. Now rate cut will ignite inflation. The banks will tighten even more, all consumer and corporate credit lending. This is the beginning of a deflationary period for your assets. Stocks markets will decline, and stock values disappear in a blink of the eye. Businesses will begin layoffs in earnest which will soon be reflected in the unemployment rate and unemployment claims, to further solidify the recession. In fact, Now that the FED cut rates in Sept, it will signify that the Titanic is going under, and it will suck everything down. Retail and housing sales will truly decline as consumer hold off their purchases. The inverted yield curve will then turn positive, but remember, certain assets like stocks and Crypto’s acts as a hedge. Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Adriana Jensen whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[@LindsayMortimerMoose-m2e]

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[@WilliamsGraham-bl4dp]

This is why it is advisable to connect with a true market strategist in order to avoid missing such opportunity and maintain steady gains.

[@bryanrevell9788]

The internet is filled. with so many useful information. about Adriana Jensen.

[@Adam__0Breneman]

Thanks for keeping it light and real at the same time. Much needed for us traders in times like these!

[@BettySueBensonFranz]

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.

[@thomasmazzola4760]

50 basis points is a panic move. Why else would you make such a big cut and unless we have big problems out there?

[@Tylerjames-v7m]

The rate cut is a very bold move by the Fed to stimulate economic expansion, ease financial conditions and address inflation concerns with potential benefits for consumers.

[@ThomasColt]

But won’t this cut lead to increase borrowing, potentially fueling inflation? When interest rates are cut, borrowing becomes cheaper which can lead to increased consumption

[@LilianScott-dy5nz]

Not necessarily, the cut will primarily benefit existing borrowers, reducing the cost of debt servicing, allowing individuals and businesses to allocate more resources towards other expenses or savings.

[@LilianScott-dy5nz]

And investors will see increases returns on investments, stimulating economic growth because lower interest rates make borrowing cheaper, which can lead to various sectors increased investment.

[@MikeHollow-rz5dl]

But what about savers? They’ll earn lower interest rates, hurting their income. Lower interest rates can indeed reduce the income earned by savers, particularly those relying on fixed income investment.

[@RichardSmith-t2l]

True, but the benefits to borrowers and investors outweigh the cost to savers. When we consider the broader economic landscape, the advantages of lower interest rate becomes clear.

[@hrausss]

So funny he says everything is fine in the banking system now. And he also said in 2007 when he was in everything was fine . A call BS 😂 😂 lol 🤣

[@adirare100]

All I can say just from looking at this guy: you can’t trust him. He is very smart, he knows what he is talking about but lacks integrity. We are already in a recession sir!

[@brianoleson9224]

i hate that he is old it makes you want to believe he would be more truthful his last years of life help people instead.

[@hugohecht5997]

politicians are a a crowd watching the dollar drown.

[@deanmyers453]

Shysters

[@clintcowan9424]

Hmmmm he thinks about main street....

[@thriftyninja0075]

Last time I click on Wealthion. Let this fool host.

[@scottmiller4838]

No, the markets are doing robust not the economy.

[@sammyvh11]

2008 never left. Barney Franks bank is gone now and he was Dodd/Frank.

[@cyruschadrezzar]

earth will continue doing qualitative tightening for as long as it takes

[@ninefive8930]

Lol