Welcome to part two of my conversation with Brian Wesbury, the chief economist at First Trust Portfolios. We’re discussing the economic outlook for the rest of 2021 and 2022. You can view part one here. Today’s segment revolves around currency, inflation, and why everything is so imbalanced. 

Feel free to watch the full message above, or use these timestamps that will direct you to various points in the video:

0:25 — The Federal Reserve has printed 38% more money, but we haven’t increased our output.

1:15 — The uptick in currency is the major source of our inflation.

2:55 — The 10-year Treasury needs to get to 3% before our market is fairly valued.

3:50 — Currency growth will need to slow drastically for inflation to go back to normal. 

5:50 — Our current inflation is not transitory.

7:20 — The five biggest stocks in the S&P 500 make up over 20% of the index.

8:20 — Wrapping up today’s discussion

You can follow Brian Wesbury on Twitter at @wesbury for more on these topics. If you ever have any financial or wealth management questions, call or send me an email. I would love to help you.

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