Anthony Pompliano
👤 SpeakerAppearances Over Time
Podcast Appearances
was on fire.
I couldn't find a home in Maine to buy.
I couldn't find one because every time it went on the market, it was gone.
Everyone knew this problem.
Blackstone was involved.
They're buying things.
They're renting them out.
So here we are now, completely different situation.
Now growth is down.
The Fed can't do the Paul Volcker, we're going to fight inflation.
And it's only oil-based, but let's assume it spreads to other things, which is what happens a lot of times.
And we actually see core inflation go higher.
This is a dilemma for the Fed, but there's two other points.
So I've said this is like the 1970s.
And I believe with oil now having a floor that's moved up, we spent last year between 50 and 70 for the bulk of the year.
Well, now we're talking 70 to 90 for the rest of the year and probably a little bit longer.
Well, that's going to make inflation be above the threshold that they're comfortable with.
Will they tighten or will they cut rates?
Well, he's got a Fed chair coming in, which I mentioned.
Here are the two problems that I mentioned all the time.