Lacy Hunt Ph.D. is an internationally recognized trader in U.S. treasuries. He understands how the Federal Reserve creates and distributes money. He works at Hoisington Investment Management Company (HIMCo) and produces a newsletter read by commodities traders and large investors around the world. We discuss how the economy works in real terms. I learned more in this one hour, than my graduate level economics courses.
I learned about the difference between "printing money" and the Federal Reserve Selling Treasuries. He discusses how US Treasuries puts money into the system through sales of treasuries, and talks about how the British did the opposite and printed money to put into the economy. He discusses his opinion that we run the risk of deflation now that more money is being added into the system. He described how the economic pressures already in the economy before Coronavirus will be exposed as a function of certain business practices.
Find their website- it may look old enough to have shag carpet, but there are a lot of intelligent and wealthy people that get their news from this site: https://hoisingtonmgt.com/
This is the 37th interview in the ongoing series of Coronavirus perspectives. I believe that society will have the rules re-written when we come out of this global pandemic and it is important to hear how various individuals and industries are handling themselves amidst the crisis.
This series seeks to reveal many perspectives that will otherwise be ignored by both mainstream media and you might not see on your social media channels. I believe that the Overton-Window will be wide open and new rules are going to be created about how we operate in a post Coronavirus world.
