Another week and still too many topics to cover. Prospector News Publisher Michael Fox is Joined by Chris Temple Publisher of the National Investor. We discuss the ramifications of the Fed’s recent ¼ point rate hike. What it means to the ongoing banking crisis… What it means to the general economy… and what it means for fiscal policy going forward.
In the too big to fail category, we discuss the issues that are cropping up with Deutsche Bank and if and how those could be resolved if it’s the next domino to fall. We continue our discussion in how this is different but the same as 2008 and that the unravelling could take years to sort out. This is one of the basis for Chris’ theory that we are headed towards a period of stagflation going forward.
Finally we discuss the effects this may have on the new FAANG stock theme going forward.
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