David Stockman: If It Doesn't Cut To The Bone, DOGE Won't Succeed
To better understand the odds for success of the economic policies of the new Trump Administration, it helps to talk to someone with first-hand experience in managing the Federal budget.Today's guest, has been a true insider in both Washington DC and Wall Street for his extremely long & accomplished career.We're fortunate today to speak with former Congressman, economic policymaker & financier, David Stockman -- who served a the Director of the Office of Management and Budget under President Ronald Reagan.He's also the author of the new book: 'How To Cut $2 Trillion: A Blueprint From Ronald Reagan’s Budget Cutter To Musk, Ramaswamy And The DOGE Team'.We'll hear his advice for bringing the runaway fiscal deficit under control, and whether he thinks the Administration is indeed up to the task.WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com
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1:17:07
Has A "Tradable Opportunity" For Oversold Stocks Now Arrived? | Lance Roberts & Adam Taggart
Yesterday, the S&P 500 (barely) broke a 4-week losing streak of down weeks.On a technical level, stocks remain extremely oversold here and sentiment is similarly at a negative extreme.As portfolio manager Lance Roberts notes, conditions like these are ripe for a market reversal. In his opinion, the odds favor a rally in the near term -- perhaps as soon as next week.We discuss the reasons why, as well as the latest Fed guidance, the true risk of recession, bonds, Tesla, and Lance's firm's latest trades in this Weekly Market Recap.
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1:56:02
Art Laffer: Presidential Economic Advisor Grades Trump's Policies So Far
The new Trump Administration has wasted no time deploying its ambitious and disruptive economic policies.Tax cuts, aggressive trade re-negotiations, de-regulation, DOGE-driven cost reductions -- a potential new sovereign wealth fund.What are the intended benefits of these policies? Are they likely to succeed? Are they being implemented in the right way? Might they tip the economy into recession before the long term benefits materialize?I can think of few better people to ask these questions to than today's guest, who has served in the past as an economic advisor to President Elect Trump - as well as to many other previous presidential administrations, both Democrat & RepublicanToday, we're fortunate to welcome back to the program economist Dr Arthur Laffer. He was the first to hold the title of Chief Economist at the Office of Management and Budget in the early 1970s. He then later served as a member of President Reagan's Economic Policy Advisory Board. He's perhaps best known for developing the Laffer curve, a model for determining the optimal balance between tax revenues and economic growth.WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com
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55:22
SPECIAL REPORT: An 'Uncertain' Fed Slows Quantitative Tightening | Axel Merk
An hour ago, the Federal Reserve Open Market Committee released the outcome of its meeting this week, keeping its policy rate unchanged (as expected) but slowing the pace of its Quantitative Tightening program.And just a little while ago, Fed Chair Jerome Powell just wrapped up his press conference related to this release. The market’s reaction (so far) has been positive.My bullet-point notes to Powell’s conference are below.And I’m also happy to announce that Fed-watcher Axel Merk is joining us again to deliver his expert reaction to the Fed’s latest guidance as well as take your questions live.
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56:34
Here's The Latest Outlook From Lacy Hunt, Luke Gromen, Lyn Alden + A Dozen Other Experts
Well, the Spring Thoughtful Money conference was held online this past weekend and I’m delighted to say the event was a real success.That was due primarily to the amazing line-up of speakers who presented and took live audience Q&A throughout the insight-packed 10-hour day.Lacy Hunt delivered the keynote, followed by Luke Gromen, Michael Howell, Darius Dale, Sven Henrich, Brent Johnson, Thomas Hoenig, Danielle DiMartino Booth, Mike Green, Andy Schectman, John Thorndike (GM), Louis-Vincent Gave, Steven Bavaria, Lyn Alden, Melody Wright, New Harbor Financial and Jonathan Wellum. And Jeff Clark provided a bonus video focused on gold & silver mining stocks.For those of you who didn’t attend, I thought you’d enjoy hearing some of the conference highlights.
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