Steven Van Metre talks about a major country racing to prevent an unthinkable economic fallout.
Lena Petrova reports on the $1.13 trillion in consumer credit card debt hitting record highs as delinquencies surge.
The Atlantis Report shares news of Fidelity signaling something big coming and also the Fed’s plan for 2024.
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Wealthion
Premiered Mar 2, 2024
We are joined by Kathleen Hays, the esteemed editor-in-chief of Central Bank Central, for a deep dive into the current state of global economic policies and the critical role of central banks. As someone with a rich background in economic journalism and insights into the minds of the world’s leading policymakers, Kathleen sheds light on the pressing issues facing today’s economies. From the persistent problem of inflation to the controversial strategies of the Federal Reserve and other central banks, this episode explores whether these institutions are guiding us to financial stability or leading us down a path of monetary missteps. Join us for an engaging conversation that uncovers the complexities of central banking decisions, their implications for the global economy, and what it means for individual investors and the broader financial landscape.
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Steven Van Metre
Mar 2, 2024
Major Country Races to Prevent Unthinkable Economic Fallout
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Lena Petrova
Mar 2, 2024
BE PREPARED: $1.13 TRILLION in Consumer Credit Card Debt Hits Record High as Delinquencies SURGE
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The Atlantis Report
Mar 2, 2024
Fidelity Investments is one of the world’s largest and most influential asset managers, with over $10 trillion in assets under management and over 35 million customers. The firm is known for its diversified, long-term investing approach and active, independent research and analysis. However, in recent months, Fidelity has made some surprising and drastic moves that have raised eyebrows and questions in the market. Fidelity has begun dumping almost all of its holdings in some of the most popular and profitable sectors and companies, such as tech, biotech, energy, and consumer discretionary. Fidelity has also increased its exposure to some of the most defensive and conservative sectors and companies. These moves suggest that Fidelity is preparing for a major market downturn or correction.
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The Atlantis Report
Mar 2, 2024
As inflationary pressures persist and economic indicators fluctuate, the Fed’s anticipated interest rate cuts have encountered unexpected delays, prompting a reassessment of monetary policy trajectories.
In March of 2020, the Federal Reserve embarked on a strategy of quantitative easing, bolstering its balance sheet by purchasing significant amounts of Treasury debt and mortgage-linked securities. This approach, aimed at stimulating the economy, saw the Fed gradually reduce its balance sheet through quantitative tightening starting in June 2022, where it refrained from reinvesting all proceeds from maturing securities. By early January 2024, the Fed had scaled back its assets from a peak of almost 9 trillion dollars to 7.7 trillion dollars.
The era of ultra-low interest rates, which consumers had become accustomed to since the 2008 financial crisis, has likely drawn to a close.
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