Adam Taggart | Thoughtful Money, Released on 8/29/24

Now that it seems the Fed has officially pivoted, what will lower interest rates mean for the economy and financial markets? Will they be enough to keep recession at bay and prevent a further rise in unemployment? What will the trillions of investor capital currently parked in T-bills and money markets go if the yields on those assets go down? For a true expert’s view on these important questions, we have the great fortune to sit down today with one of the greatest living economists, Dr. Lacy Hunt, former Senior Economist to the Federal Reserve Bank of Dallas, as well as several of the world’s largest global banks. He now serves as Executive Vice President and Chief Economist of Hoisington Investment Management Company. We also discuss his views on the economic plans (as understood so far) of both presidential candidates. Punchline: Lacy is not impressed.

Lacy Harris Hunt is an economist and Executive Vice President of Hoisington Investment Management Company (HIMCO). He is Vice-Chairman of HIMCO’s strategic investment policy committee and also Chief Economist for the Wasatch Hoisington Treasury Bond Fund. He has authored two books, A Time to Be Rich and Dynamics of Forecasting: Financial Cycles, Theory and Techniques, and has had articles published in Barron’s, The Wall Street Journal, The New York Times, The Journal of Finance, the Financial Analysts Journal, the Journal of Portfolio Management and other locations. He received the Abramson Award from the National Association for Business Economics for “outstanding contributions in the field of business economics.”

Adam Taggart is the Founder of  Thoughtful Money. He is also Co-Founder and former President of Peak Prosperity. Adam is an experienced Silicon Valley internet executive and Stanford MBA. Prior to partnering with Chris Martenson (Adam was General Manager of our earlier site, ChrisMartenson.com), he was a Vice President at Yahoo!, a company he served for nine years. Before that, he did the ‘startup thing’ (mySimon.com, sold to CNET in 2001). As a fresh-faced graduate from Brown University in the early 1990s, Adam got a first-hand look at all that was broken with Wall Street as an investment banking analyst for Merrill Lynch. Most importantly, he’s a devoted husband and dad.

  debt crisis, economy, election 2024, federal reserve, Lacy Hunt