Macro Thoughts, Part Deux – Pragmatic Capitalism

Here’s the second part of my Boom/Bust interview from last week. I discuss:

Why QE isn’t likely to cause high inflation.
Why the biggest risk of QE is the market’s response to various myths and misunderstandings.
Why the buyback and dividend trend likely means we’re in the latter stages of the market cycle.
Why the decline in the budget deficit is a sign of improved private sector health.
Why the weak link in the recovery is the struggling middle class and stagnant wages.

I come in at about the 15 minute mark if you want to watch:

Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.

He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.