Can We Depend on Fed Omniscience into 2016?

David McAlvany and Jeff Deist are returning guests on this week’s episode of the radio program.

The day following the first Fed rate rise in 9 years, Larry Fink, who heads up the multi-trillion dollar hedge fund Black Rock, praised Janet Yellen for her brilliant market manipulation. On the other hand, an argument can be made that Fed market manipulators like Ms. Yellen are in the process of destroying capitalism by disallowing price discovery for capital by forcing interest rates lower and that the adjustment back toward market rates will have lead the global economy into the deepest depression ever seen.

Does Ms. Yellen and other Fed PhD’s actually possess the god-like knowledge to know exactly what words to utter to launch a utopian world as Mr. Fink suggests Janet Yellen has? Should we put our faith in the wisdom of men or markets as we head into 2016? David and Jeff will opine on their views for 2016 and Michael Oliver’s views on key markets will be passed along.

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David McAlvanyDavid McAlvany is the President of the McAlvany Financial Companies, McAlvany Wealth Management and ICA, a 36-year old precious metals brokerage firm. He has been a featured speaker on radio and around the country analyzing world events and their impact on the global economy and financial markets. David can be heard weekly on his market commentary at David is a graduate of Biola University and an associate member of Keble College, Oxford University, where he studied philosophy and political theory. He then went on to achieve honors as a top salesman with the Southwestern Company and gained extensive business expertise with Morgan Stanley, in California. His international research has given him a global perspective of developments around the world, which helps him avoid focusing too narrowly in his analysis of investment and risk in any give asset category. His interests are varied and he spends his free time with his wife and their children in Colorado.

Jeff Deist-newJeff Deist is president of the Mises Institute, an educational organization dedicated to promoting Austrian economics, freedom, and peace. Jeff previously worked as a longtime advisor and Chief of Staff to Congressman Ron Paul. Jeff is also a tax attorney, having represented high net worth individuals, partnerships, and corporations in a wide variety of tax matters. His tax career includes time at two different Big 4 accounting firms specializing in tax issues arising from mergers and acquisitions for private equity firms.

About Jay Taylor

Jay Taylor is editor of J Taylor's Gold, Energy & Tech Stocks newsletter. His interest in the role gold has played in U.S. monetary history led him to research gold and into analyzing and investing in junior gold shares. Currently he also hosts his own one-hour weekly radio show Turning Hard Times Into Good Times,” which features high profile guests who discuss leading economic issues of our day. The show also discusses investment opportunities primarily in the precious metals mining sector. He has been a guest on CNBC, Fox, Bloomberg and BNN and many mining conferences.