Fed Rate Hike Fairytales - Michael Pento #5449

Summary: We’re experiencing a peculiar rally at the moment, and Michael Pento comes on the show to give more insight on what’s happening with the rate hikes, and why we’re seeing this rally. In the past, the stock market has gone up significantly when the Fed hikes interest rates for the first time. Additionally, we’re seeing bubbles in every market, and the stock market could go higher if the Fed reverses its policy—driving our economy into QE unlimited. Tune in for more on what’s to come.

Highlights: -There are 8 more rate hikes ahead, but any news is good news when it comes to Wall Street -This rally is happening because in the past, the first time the Fed has hiked interest rates, the stock market has gone up significantly -This rate hiking cycle is unique -The Fed is now tightening into a slow down in global growth—particularly US growth -The Fed can’t hike more than one or two times before they invert the yield curve -They plan to do quantitative tightening as well -Digital currency could also serve as a tool for inflationary measures -If the base money supply never grew more than 2% per annum, the situation would look a lot different -There are bubbles in every market -The stock market will only go higher if the Fed reverses its policy and we go into QE unlimited

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