From the latest Consumer Price Index (CPI) report to DICK BOVE's comprehensive new report on the US economy, this episode of ODEON CAPITAL CONVERSATIONS is a timely analysis on some of the key happenings and events on Wall Street. "Disappointing" is how MAT VAN ALSYTNE describes the latest CPI report published this week, showing a slight overall decline in January in the yearly inflation rate to 6.4 percent, and an uptick on a monthly basis. "I thought that this would be the one," said VAN ALSTYNE, co-founder and managing partner at ODEON CAPITAL GROUP, referring to his disappointment that the latest inflation numbers do not definitively show the Fed has taken control of inflation. "The Fed has never killed inflation until interest rates are above the CPI," he added later.
What are the signs of recession? BOVE, chief financial strategist at ODEON, presents his in-depth findings including a battery of announced layoffs nationwide. VAN ALSTYNE points to the inverted yield curve. There are also signs of financial trouble in how the Fed navigates its campaign to tame inflation. One financial foot wrong could potentially torpedo the US economy as rising interest rates, debt servicing and the specter of inflation wreak havoc. Elsewhere the CONVERSATION picks up on a recent ODEON talk by Peter Zeihan, author of The End of the World Is Just Beginning. Joining the CONVERSATION is JOHN AIDAN BYRNE who pulls out a significant quote by Leo Tolstoy to calm nerves.
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