The Julia La Roche Show | Get Used To A Slower Rate Of Growth For The Economy @TheJuliaLaRocheShow | Uploaded January 2023 | Updated October 2024, 1 day ago.
Peter Boockvar, Chief Investment Officer of Bleakley Financial Group and author of the macro newsletter The Boock Report, joins Julia on episode 51 for a wide-ranging conversation on macroeconomics.
In this episode, Boockvar makes a case that investors need to get accustomed to a slower growth rate in this new interest rate environment where rates will stay higher for longer. As Boockvar puts it, it’s a “death by a thousand cuts” economy.
The conversation touched on the housing market, the Federal Reserve, earnings, layoffs, China’s reopening, inflation, and much more.
0:00 Intro
0:31 Macro view
1:12 Still in a bear market
2:31 Debt coming due
5:56 A death by a thousand cuts
8:06 A slower rate of growth
9:40 Housing market
10:35 To what extent do home prices fall?
13:58 Economic outlook
15:00 Higher rates relative to inflation is a more healthy environment
17:00 The Fed’s reputation has been shattered
18:03 Powell doesn’t want to repeat the 1970s
19:00 Fed wants the market to ‘sober up’
20:44 2% inflation target is an arbitrary number
25:00 Earnings are a headwind for stocks
27:40 White Collar recession
30:24 China’s reopening
31:40 Chinese consumer has been unleashed
34:45 Why oil will go well north of $100 this year
36:30 Playing the China reopening
37:40 U.S. big tech’s best of their stock days are over
40:30 Every investor focused on macro has to keep an eye on BOJ
44:00 How to think about inflation
49:00 Be aware of your investing/economic surroundings
50:08 Boockvar’s marrying macro and micro
53:11 Time horizon is the key to successful investing.
Peter Boockvar, Chief Investment Officer of Bleakley Financial Group and author of the macro newsletter The Boock Report, joins Julia on episode 51 for a wide-ranging conversation on macroeconomics.
In this episode, Boockvar makes a case that investors need to get accustomed to a slower growth rate in this new interest rate environment where rates will stay higher for longer. As Boockvar puts it, it’s a “death by a thousand cuts” economy.
The conversation touched on the housing market, the Federal Reserve, earnings, layoffs, China’s reopening, inflation, and much more.
0:00 Intro
0:31 Macro view
1:12 Still in a bear market
2:31 Debt coming due
5:56 A death by a thousand cuts
8:06 A slower rate of growth
9:40 Housing market
10:35 To what extent do home prices fall?
13:58 Economic outlook
15:00 Higher rates relative to inflation is a more healthy environment
17:00 The Fed’s reputation has been shattered
18:03 Powell doesn’t want to repeat the 1970s
19:00 Fed wants the market to ‘sober up’
20:44 2% inflation target is an arbitrary number
25:00 Earnings are a headwind for stocks
27:40 White Collar recession
30:24 China’s reopening
31:40 Chinese consumer has been unleashed
34:45 Why oil will go well north of $100 this year
36:30 Playing the China reopening
37:40 U.S. big tech’s best of their stock days are over
40:30 Every investor focused on macro has to keep an eye on BOJ
44:00 How to think about inflation
49:00 Be aware of your investing/economic surroundings
50:08 Boockvar’s marrying macro and micro
53:11 Time horizon is the key to successful investing.
