Medley Global Advisors’s Emons on Fed Policy, Bond Yields, Gold

The transcript discusses the potential political implications for Fed Chair Powell, the global economic outlook, and the role of central banks. It highlights concerns over negative yields and their impact on investments, as well as the relationship between gold and real interest rates. The discussion includes the crowded nature of the flight to safety trade and the potential for yield rebounds.

What are the implications of President Trump potentially not renominating Fed Chair Powell if he is reelected?

How do financial markets react to uncertainties regarding central bank policies?

What factors contribute to the flight to safety in financial markets?

What concerns arise from the prevalence of negative yielding debt in the market?

Discuss the relationship between real interest rates and the value of gold.