Money Life With Chuck Jaffe Daily Podcast
Amid chaos and growing recession fear, economist Yaruss leans into gold
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 1:02:12
- More information
Informações:
Synopsis
Economist Howard Yaruss, the author of "Understandable Economics" and a professor at New York University, says that the market and the economy are strong on average, but that "chaos" — including the international tensions that escalated in Iran over the weekend, but also tariff and trade policies and more — should have investors leaning into gold. Yaruss notes that the market has seen so much speculative activity — including trillions for dollars invested into artificial intelligence infrastructure — so that when people see smaller-than-expected payback, the market and economy could go through the kind of demoralizing event that, historically, creates a recession. Yaruss isn't the only one focused on chaos, as Vijay Marolia, chief investment officer at Regal Point Capital, talks in "The Week That Is' about "disruption" being the keyword for the week and beyond. He says that tensions in the Middle East have the potential to disrupt the oil market, noting how artificial intelligence has disrupted software st