Powell’s Singular Focus, Housing Stagflation & Avoiding a Kinetic Battle with China | Peter Boockvar

Bleakley Advisory Group CIO Peter Boockvar shares the only thing Fed Chair Jerome Powell cares about, why new housing construction is about to plummet, and what dog food says about the economy. Boockvar says talk of China’s economic Armageddon is overblown and highlights why that’s good for everyone.
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Time stamps:
00:00 - Intro
01:53 - New inflation data
13:22 - Economic soft-landing?
19:50 - What doesn’t happen because of the high cost of capital?
21:18 - Reshoring production to the US from China
28:11 - China’s economic catastrophe?
34:06 - Risks of investing in China
37:30 - Bond investing

[@ScottMcFadyen]

Thank you for being level headed and balanced.

[@bobhill4582]

Thanks Ed, another great interview. I appreciate the diversity of views from all of your interviews.

[@GooguserSmith-ku1kh]

House prices don’t come down fast. In the bust of the housing boom in 2007, it took 3-4 years for house prices to reach bottom. The first 2 years, people are not throwing the towel.

[@MauldinEconomicsYouTube]

Great comment - thank you. -Ed

[@rof8200]

If Powell is concerned about legacy, he will be concerned about a market crash and banking system freezing up

[@bw538]

Don’t cut interest rates, that’s stupid, keep them at current levels or higher so people can use fixed income investments to not get screwed too bad by the market. Mortgage rates are fine, buy the amount of house that can be afforded. Anyone advocating for rate cuts versus stability in interest rates is working an angle that is against the average American.

[@SanjayKumar-ke3id]

He is invested in CHina, hence giving "sage" advice to invest in China.... I have saved myself a lot of money since I got out of China (a bit early though) in 2019.