Kitco News, Released on 9/9/24

Jeremy Szafron, Anchor at Kitco News, interviews Peter Boockvar, Chief Investment Officer at Bleakley Financial Group, about the U.S. economy, interest rate cuts, inflation trends, and China’s impact on the global gold market. Boockvar dissects the widening gap between Wall Street and Main Street, explaining how consumer experiences differ dramatically depending on income levels. He critiques Janet Yellen’s recent remarks, calling her a “salesperson” for the economy and questions the Federal Reserve’s next moves, including the potential rate cuts’ irrelevance.

00:00 – Introduction: Yellen on the Economy
02:00 – Yellen’s Optimism vs 2008 Warnings
04:30 – Treasury Secretary as Economic ‘Salesperson’
06:20 – Economic Divide: Wealthy vs. Low-Income Consumers
08:50 – Global Impacts: China and Europe
11:00 – Rate Cut Debate: 25 or 50 Points?
13:40 – Inflation Concerns and Fed Strategy
16:10 – Gold Purchases and Central Banks
19:00 – U.S. Dollar’s Impact
21:30 – Upcoming Inflation Data

Peter Boockvar is the Chief Investment Officer of Bleakley Financial Group and Editor of The Boock Report newsletter https://boockreport.com/.

  economy, investing, peter boockvar