Wall Street Unplugged - Your Best Source For Finance, Investing & Economics

I start today’s show by explaining why I won’t be retiring anytime soon…   By the time you listen to this, the Fed will have decided whether to hike interest rates… or keep them at current levels. I break down what I expect to happen… and why investors should be concerned about the latest inflation data.   Global debt has hit record levels… and higher rates will add trillions more in interest payments. I rant about how insane government spending is to blame… and how the Inflation Reduction Act (IRA) only proves government spending isn’t slowing down anytime soon.   A lot of folks think the Fed can solve these problems by cutting interest rates. I explain why a rate cut would NOT be bullish for the stock market.   Finally, I highlight one sector that will continue to thrive amid the government’s crazy policies.   In this episode Why I’m not retiring anytime soon [0:33] The Fed’s latest interest rate decision [5:44] Global debt hits a new record high [8:55] The government’s insane spending