Matthew Piepenburg: What to Expect from Fed Pivot: Super QE & Major U.S. Dollar Debasement Coming (Part 1/2)

Kitco News, Released on 12/22/23

For Part 2 of this interview, CLICK HERE

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Matthew Piepenburg, Partner at Matterhorn Asset Management, who says there are no good scenarios left for the U.S. economy no matter what the Federal Reserve does. Piepenburg sees the U.S. as already in a recession, describing the idea of a soft landing as “farcical.” Piepenburg breaks down what a hard landing in 2024 will look like and what it will mean for the economy, stocks, the Fed, the U.S. dollar, and gold. He also outlines key geopolitical risks for 2024, including the role of Saudi Arabia and the petrodollar. Stay tuned for Part 2!

00:00 – Intro & Market Overview
01:37 – Recession & Economic Health Debate
04:43 – Dissecting Economic Indicators
12:37 – Equity Markets vs. Real Economy
16:23 – Debt, Currency, & Gold
21:24 – Global Monetary Shifts & Gold Pricing
26:53 – How Saudi Arabia Prices Oil & Why It Matters
37:50 – Bretton Woods 2.0
40:38 – 2024 Outlook

Matthew Piepenburg began his finance career as a transactional attorney before launching his first hedge fund during the NASDAQ bubble of 1999-2001. Thereafter, he began investing his own and other HNW family funds into alternative investment vehicles while operating as a General Counsel, CIO and later Managing Director of a single and multi-family office. Matthew worked closely as well with Morgan Stanley’s hedge fund platform in building a multi-strat/multi-manager fund to better manage risk in a market backdrop of extreme central bank intervention/support. The conviction that precious metals provides the best protection against potential systemic risk led Matt to join Matterhorn Asset Management.

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