338: Why Asset Prices Should Keep Surging with Richard Duncan

The Fed is about to unleash a tidal wave of liquidity that you probably don't know about. I was recently at my favorite Mexican takeout restaurant. It was the first time they began asking for tips. This is inflation. It is likely not measured in CPI or Core PCE. Richard Duncan from MacroWatch joins us to discuss how the coming monetary tsunami will stoke asset prices. This can continue the "price runup party" in real estate, stocks, crypto, and other assets. Key learning: The Fed changes inflation policy when they see wage price growth, not commodity price growth. Inflation won't be high enough to cause interest rates to rise anytime soon. We know that the Fed currently creates $120B per month. What few know about is the new, simultaneous $900B that the Fed is releasing from their Treasury General Account by the end of June. More currency + monetary velocity = inflation? No. Richard says there's more to it, like credit expansion. The newly passed $1.9T American Rescue Plan, plus a new Biden-proposed multi-trillion dollar infrastructure bill could stoke inflation in the short to medium-term. Richard does not believe high inflation is sustainable long-term. Get 50% off Richard Duncan's "MacroWatch" when you use Discount Code "GRE" at: www.RichardDuncanEconomics.com Though consumer price inflation should stay low, a lot of asset price inflation should continue. Richard also reveals a scenario where interest rates could decline. Resources mentioned: Get 50% off MacroWatch. Use Discount Code "GRE": www.RichardDuncanEconomics.com Show Notes: www.GetRichEducation.com/338 Mortgage Loans: RidgeLendingGroup.com New Construction Turnkey Property: CashFlowAndGrowth.com Ali Boone's Recommended Book: https://amzn.to/2NsMVlF EQRPs: text "EQRP" in ALL CAPS to 72000 or: eQRP.co By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

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This episode was published on March 29, 2021.

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