(Part 1/2): Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Peter St Onge, Economist at the Heritage Foundation and a Fellow at the Mises Institute, who says the real storm will hit the global economy when the Federal Reserve starts cutting rates. St Onge describes the last rate hike as “the death cross,” stating that the Fed has put markets into a corner, creating a “very dangerous moment.” He explains how central banks worldwide have morphed into “in-house money printers” for governments. He also gives his economic outlook based on the latest revisions to the macro data. Stay tuned for Part 2!
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00:00 – Intro
01:24 – The last Fed hike is ‘the death cross’
12:56 – Rate cuts
19:07 – Triggers to watch
21:30 – Real storm to hit the global economy
24:10 – Equity markets
29:46 – Bitcoin, gold
31:57 – Data revisions you need to pay attention to
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