Debating “Growth vs. Value” at the End of the Easy Money Era

Published on
March 29th, 2022
Duration
52 minutes

Recession Risk: Do Slowing Global Liquidity Flows Signal the Next Downturn?


Debating “Growth vs. Value” at the End of the Easy Money Era

The Essential Conversation ·
Featuring Peter Schiff, Ross Gerber and Ash Bennington

Published on: March 29th, 2022 • Duration: 52 minutes

How much did accommodative monetary policy, beginning in the aftermath of the Global Financial Crisis in 2008-09 and continuing through the COVID-19 pandemic in 2020-21, inflate prices for financial assets? Have growth stocks benefited from easy money? Are value stocks better fundamental businesses? Debating the merits of investing styles – “growth” versus “value” – is not so simple a matter, a conclusion proven by this compelling discussion among Ross Gerber, president and CEO of Gerber Kawasaki Wealth and Investment Management, Peter Schiff, co-founder and CEO of EuroPacific Capital, and Real Vision’s Ash Bennington. Inflation is the controlling factor, whether, like Gerber, you believe the Federal Reserve has tools available to it to control it, or, like Schiff, you see a 1970s-style economic disaster coming down the pike, only worse. As Schiff sees it, we’ve spent the last decade or two creating inflation, and a lot of it showed up in financial asset prices. As Gerber sees it, innovative companies drive earnings growth through secular change in technology. It’s the rotation that’s defining equity markets these days. And Gerber, Schiff, and Bennington cover every angle. Recorded on March 8, 2022.