Lance Roberts of RIA Advisors joins Adam Taggart to summarize the notable developments in the financial markets over the past week.
This week Lance & Adam discuss whether the Fed has much runway or not to hike interest rates much further. Lance is of the mindset that it doesn’t have much room — that something important in the financial system will start to buckle once the Fed funds rate gets near 1% (it’s currently at 0.25%). When that happens, Lance sees the Fed reversing course and returning back to Quantitative Easing in attempt to rescue things.
Lance and Adam also enjoy a rant near the end of the discussion about Elon Musk’s recent attempted purchase of Twitter and how it’s revealing a lot of hypocrisy in how media and Wall Street operate in order to protect their current privilege.
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