U.S. Debt Crisis to Make the Fed ‘Irrelevant,’ Watch These Hard Assets Get ‘Unleashed’ — Tavi Costa

Kitco News, Released on 4/24/24

Jeremy Szafron, Anchor at Kitco News, interviews Tavi Costa, a macro strategist from Crescat Capital, to discuss the pressing issues facing the 2024 economy. They discuss the implications of high sovereign debt, the Federal Reserve’s response to inflation, and the rising geopolitical tensions. Costa shares his insights on why he believes the Fed will become “irrelevant” due to unsustainable debt levels and highlights which hard assets are poised to benefit in this turbulent financial landscape.

0:00 – Introduction & Global Economic Overview
1:21 – Federal Reserve’s Policy Impact
2:44 – Credit Markets & Recession Risks
3:39 – IMF Growth Projections vs. Reality
4:38 – Fiscal Policies & Inflation Dynamics
5:34 – Stagflation Threat & Market Mispricing
6:58 – Hard Assets & Investment Opportunities
10:36 – Debasement of Fiat Currencies
18:34 – Global Economic Shifts & Opportunities
25:05 – Final Thoughts on Economic Outlook

Tavi Costa is a partner and portfolio manager at Crescat Capital and has been with the firm since 2013. He built Crescat’s macro model that identifies the current stage of the US economic cycle through a combination of 16 factors. His research has been featured in financial publications such as Bloomberg, The Wall Street Journal, CCN, Financial Post, The Globe and Mail, Real Vision, Reuters. Tavi is a native of São Paulo, Brazil and is fluent in Portuguese, Spanish, and English. Before joining Crescat, he worked with the underwriting of financial products and in international business at Braservice, a large logistics company in Brazil. Tavi graduated cum laude from Lindenwood University in St. Louis with a B.A. degree in Business Administration with an emphasis in finance and a minor in Spanish. Tavi played NCAA Division 1 tennis for Liberty University.

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