The Prospector News Publisher, Michael Fox is joined by Chris Temple of the National Investor for a mid-year wrap up and a look forward for the markets. The 2023 economy has been a polar opposite of 2022, the markets seem to be pricing in a “soft landing” being executed by the Fed as they battle inflation. The markets have been pushing towards new highs in spite of the economic uncertainty as a backdrop.

We discuss the inflation battle and whether we are seeing the battle won. We point out that there are still three inflationary pressures that are inching up that suggest we may be in for a rough ride economically in the back half of the year. We are seeing wages increase with labour stoppages and demands for increases in many sectors. We are seeing energy prices start on another upward trajectory and worming their way through the economy. And Finally we are seeing huge weakness in the US dollar pushing its buying power downward. The Great Stagflation may already be here and could be setting up house.

In the last segment we discuss opportunities as the economy pivots through these changes and Chris re-emphasizes the virtues of his new FAANGs theme as being areas of opportunity going forward. We discuss how this recession could be different for the metals, as there will be a push for government infrastructure into “Green Energy” and the commodities to fuel that change.

The National Investor