Latest / The Julia La Roche Show
#283 Warren Pies On The Widening Perception Gap In Macro, Why A Rate Cut Is Inconsequential,
Warren Pies, founder of 3Fourteen Research, explains how markets have transitioned from a deflationary mindset to a debasement era over the past five years, driven primarily by massive fiscal spending rather than Fed policy. He argues that anger directed at the Fed should be redirected toward fiscal authorities who created unprecedented pro-cyclical deficits. Pies is benchmark long equities and bullish on hard assets like gold, having hit his $3,500 gold target this year. He believes Fed rate cuts will be inconsequential since fiscal dominance has already changed the paradigm, and core CPI…
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