Wall Street’s Watchdog Speaks - Chris Markowski #5618

Summary: Chris Markowski—AKA Wall Street’s Watchdog—has some criticism for the Fed, and comes on the show to talk about what they’re doing wrong at the moment. A lot of the conventional wisdom that is being taught about the Fed needs to be re-evaluated; there are a myriad of solutions for the current economic problems that go beyond our conventional perception of the Fed’s role/power. Nonetheless, there is a lot to be taken advantage of right now from an investing standpoint, and Chris names some assets and ventures to keep your eye on. Highlights: -Inflation is not transitory. Additionally, the Fed had raised rates slightly last year or cut back on bond buying, the situation could be different -Markets got crunched this year -The concept that the Fed is going to be able to solve this is just one part of the solution—things can be fixed in a myriad of ways -We don’t have enough resources for things like alternative energy -A lot of this inflation is self inflicted -Many recessions in the past haven’t been named recessions until later, but we’re currently seeing slowed economic activity on numerous fronts -As an investor, there’s a lot you can take advantage of -Chris gets nervous when markets are rapidly going up -It’s all about quality and companies that pay you to own them -Uranium and lithium need to be part of your portfolio -Many commodities across the board are starting to come down Useful Links: Financial Survival Network Watchdog on Wall Street