Jason Burack of Wall St for Main St welcomed back hedge fund manager Kevin Duffy of Bearing Asset Management for another interview.
Follow Kevin on Twitter here: https://twitter.com/kevinduffy1929
Kevin’s recent interview with a Swiss markets website, Central Bankers Are Starting To Lose Control: https://themarket.ch/interview/central-bankers-are-already-starting-to-lose-control-ld.1175
During this 50+ minute interview, Jason asks Kevin about how much more bold and confident (hubris) central bankers are getting about how they want to fix society’s problems. Central bankers like Jerome Powell, Christine Lagarde and Neel Kashkari have recently made statements about helping the poor through central bank monetary policy, wealth redistribution or even funding “Green QE” for new environmental projects.
Articles With Central Banks Making Audacious Statements Full of Hubris Lately:
1) Fed’s Kashkari Says It’s Time For The Federal Reserve To Start Redistributing Wealth https://www.zerohedge.com/economics/feds-kashkari-says-its-time-federal-reserve-start-redistributing-wealth
2) Lagarde: “We Should Be Happier To Have A Job Than To Have Savings” https://www.zerohedge.com/economics/lagarde-we-should-be-happier-have-job-have-savings
3) ECB “Green QE” discussed: Lagarde promises to paint the ECB green https://www.politico.eu/article/christine-lagarde-promises-to-paint-the-ecb-green-european-central-bank/
4) An emerging priority for Powell Fed: The plight of the poor https://news.yahoo.com/emerging-priority-powell-fed-plight-164841931.html
5) A Central Banker Officially Loses It: “We Are Magic People” https://www.zerohedge.com/news/2016-05-11/central-banker-officially-loses-it-we-are-magic-people
Can The Fed Can Fight Wealth Inequality? https://finance.townhall.com/columnists/mikeshedlock/2019/11/26/can-the-fed-can-fight-wealth-inequality-n2557080
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