Sep 14, 2022
This podcast episode was recorded on Sept. 12, with a short
highlight clip containing the
most actionable items released to premium
subscribers that same day. The full episode was released to
premium subscribers without ads or interruptions a day after
To accommodate this new format, and our new production
schedule featuring weekly podcasts, subscription prices are
scheduled to increase. However, the old rate can be locked in for a
limited time through this link (also mentioned in the intro).
Richard Excell, former prop trader and portfolio manager and
currently a professor of finance at Gies College of Business,
joined the podcast to discuss his outlook on the economy,
inflation, Federal Reserve interest rate policy, and more.
- The outlook on inflation: 5% by December, but don't expect the
Fed to ease off of rate hikes (7:14);
- Can the Fed engineer a soft landing? It has succeeded just
three of the last 14 times it hiked rates... (9:34);
- We may not see a housing price decline on a national basis
anytime soon (14:05);
- Expect a 75 basis point rate hike at the next FOMC meeting on
Sept. 20 -- and again at the subsequent meeting in November, even
though the economy should not start to brake until next year
- Background on the guest (22:02);
- Views on asset allocation: more constructive for bonds than
equities at present (27:03);
- A recession will happen. The good news: it may be mild...
- How much of a concern are global issues in Europe and China?
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