Michael Kao: Engineering A Soft Landing, Avoiding A Credit Crisis

On today's edition of "Boiler Room," Alfonso Peccatiello is joined by Michael Kao, retired hedge fund manager and private investor, for a discussion on the many obstacles facing the Fed. Kao says "the genie is out the bottle" for inflation. As the Fed attempts to engineer a soft landing, will it be able to do so without causing a credit crisis? Historically, the Fed's track record of engineering a soft landing has been "pretty bad,” according to Kao. How will this cocktail of high inflation, recessionary pressures, elevated commodity prices, a strong dollar and increasing credit risk manifest itself? To find out, you'll have to tune in. --  Follow Michael: https://twitter.com/UrbanKaoboy Follow Alfonso: https://twitter.com/MacroAlf  Follow Blockworks: https://twitter.com/Blockworks_  Subscribe To The Macro Compass: https://themacrocompass.substack.com/ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ --  Referenced In The Show:  Fed Chair Powell Opening Statement to Banking Committee: https://www.c-span.org/video/?c5020856/fed-chair-powell-opening-statement-banking-committee  Powell says the Fed is 'not trying to provoke' a recession, but it is 'certainly a possibility.': https://www.nytimes.com/2022/06/22/business/powell-fed-inflation-recession.html Inflation-"Ride of the Volkyries" Thoughts: https://twitter.com/UrbanKaoboy/status/1528416947007680512  Sohn 2022 | John Collison in conversation with Stanley Druckenmiller: https://www.youtube.com/watch?v=-7sWLIybWnQ&t=2852s Inflation Is Popping The Biggest Asset Bubble Of All TIme | Michael Kao: https://open.spotify.com/episode/4a1Bqm4X5MeqXNAiLiirWn?si=27104db4abad40f3  Commodity price inflation butterfly: https://twitter.com/UrbanKaoboy/status/1368978017033195528 --  Timestamps: (00:00) Introduction  (00:49) "The Genie Is Out The Bottle" For The Fed (05:51) Whats Going On In The Bond Market? (15:44) Turmoil In The Housing Market (28:10) Final Thoughts --  Disclaimer: Nothing discussed on Boiler Room should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.