ODEON CAPITAL CONVERSATIONS

DICK BOVE, chief financial strategist at ODEON CAPITAL GROUP, provides an in-depth analysis of US GDP and the Real GDP, as he examines variables such as inventory, from durable goods and non-durables and services, and takes a closer look at the GDP deflator. His study provides direction on the course of inflation in the US economy as well as on Real GDP. As the Fed meets this week on interest rate...

Talks on raising the US debt ceiling are heating up in Washington. On this episode, DICK BOVE explains why the Social Security system is inching closer to insolvency unless reforms are introduced to shore up the trust funds supporting the program. Society Security and other programs are at the heart of the debate on the debt ceiling and talks on avoiding a government default. "There is an acceptan...

The United States will hits its mammoth $31.4 trillion limit on gross federal debt this Thursday, January 19, admidst political mudwrestling and theatrics in Washington. At issue is the prospect of a government default if the debt limit is not raised. A default would spell a catastrophe for the US and global economy, throwing us into a decade-long depression, according to DICK BOVE, chief financia...

The fundamental shift in the US and global economies is expected to continue for an extended period with the traditional banks in the US likely to benefit, according to DICK BOVE, chief financial strategist at ODEON CAPITAL GROUP. The changes underway are expected to firmly reorient the US economy towards solid business operations rather than than on the consumer. "If true, this shift will adjust...

In the first episode of the New Year, the CONVERSATION first looks back at 2022 and then to the future. There is an accounting from DICK BOVE of the massive wealth that evaporated in the stock and crypto markets last year. In equities alone, some $30 in market value was erased, posing risks for the future course of the American economy, he says. "You can't have a strong economy and a strong market...

In this Special Episode of ODEON CAPITAL CONVERSATIONS, we prepare for 2023. So it's in with the New Cycle of monetary restraint and more investment in production and key areas of the American economy, manufacturing, energy and more, according to DICK BOVE, chief financial strategist at ODEON CAPITAL GROUP. Out goes the Old Cycle of Easy Money and Debt, he explains in an interview with BNN Bloombe...

The global population hit a record 8 billion in November. By one official estimate, this is projected to rise in the coming decades before finally peaking in 2080 at 10.4 billion people. But in large swathes of the globe today, national populations are already in decline, peaking or barely keeping pace with replacement levels to maintain their existing population sizes. Indeed, the statistics show...

It was all eyes on the US Federal Reserve as markets cheered the Labor Department's report that its consumer price index (CPI) climbed 7.1 percent in November from a year ago, sharply down from 7.7 percent in October. "The numbers were phenomenal," said DICK BOVE, chief financial strategist at Odeon Capital Group. "The markets loved it." On this episode BOVE will address how he sees the Fed respon...

The CONVERSATION breaks down the most recent jobs numbers from the US Labor Department which showed employers added 263,000 jobs in November. That's close to the strong gains of the previous three months which averaged 282,000 jobs.  The jobless rate, meanwhile, stayed at 3.7 percent in November. DICK BOVE, chief financial strategist at ODEON CAPITAL GROUP, argues that the headline numbers do...

The CONVERSATION opens with the latest civil unrest in China as protesters take to the streets in response to the Communist Party's zero Covid policies. Market indexes dropped as investors weighed the impact on trade and investments, and also in reaction to the latest response of the Fed in its battle to tame inflation. At stake in the case of China, is world trade and geopolitics with the future...

With signs of the Fed winning the battle to tame inflation in America, and as the money supply shrinks sharply, the real issue now facing America is the risks of recession, according to DICK BOVE, chief financial strategist at Odeon Capital Group. Will it be a mild, moderate or deep recession? That is the crucial question, says BOVE. "The Fed is very nervous at the moment," he adds, given the mark...

The US midterm elections didn’t result in the huge red wave of Republican victories predicted by polls and media pundits. The Conversation came closer than many of these same forecasts in calling it correctly in our last episode, seeing narrow gains in the House of Representatives and no big shake up in the Senate. As of this latest Conversation, it was a lackluster performance overall for Republi...

As American voters went to the polls, in the closely-watch mid-term elections, the CONVERSATION sees signs of more gridlock with control of Congress at stake. DICK BOVE, chief financial strategist at ODEON CAPITAL GROUP, says Fed Chairman, Jerome Powell, is the only major figure in Washington fighting inflation. MAT VAN ALSTYNE, ODEON co-founder and managing partner, agrees, presenting the case fo...

The Conversations takes a victory lap for the many predictions on this podcast that were validated by subsequent events. At the same time, this episode will look ahead to what may come next in the financial markets and for the global economy. "These predictions were made well before they became conventional wisdom," writes DICK BOVE, chief financial strategist at Odeon Capital Group. In this lates...

The Conversation travels the globe examining the financial and political hotspots from China to the UK and the EU. "China may be on the cusp of busting," says DICK BOVE, chief financial strategist at ODEON CAPITAL CONVERSATION, in this latest episode. "Japan is off the charts in terms of being in trouble," he adds. MAT VAN ALSTYNE, ODEON co-founder and managing partner, says the outside world does...

Many investors are missing the reality of the latest bank earnings reports, dressed up to seemingly appear a lot more positive than negative because of  complex accounting standards and rules, according to DICK BOVE, chief financial strategist at ODEON CAPITAL GROUP. Banks are overstating the value of their assets in a period of rising interest rates. As markets respond positively in one dire...

JAMIE DIMON, one of Wall Street's biggest bankers, pulled no punches, saying in an interview that "serious" headwinds are likely to propel the US and global economies into a recession next year. “These are very, very serious things which I think are likely to push the US and the world — I mean, Europe is already in recession — and they’re likely to put the US in some kind of recession six to...

After a sharp two day rally on Wall Street, the CONVERSATION ponders the outlook. DICK BOVE, chief financial strategist at ODEON CAPITAL GROUP offers historical perspective noting how markets have risen in the month of October as businesses engage in seasonal commercial activity.  "I think the latest rally is [also] part of the bear market rally," he adds, as investors conclude the US Fed is...

In one of the most stark warnings yet of a pending recession, famed economist Nouriel Roubini, nicknamed Dr. Doom,  says this next recession could start by the end of 2022, stretching into 2023. In a recent media interview, Roubini, the man who correctly predicted the 2008 financial crisis, said in a run of the mill recession, the S&P 500 could slump by 30 percent. In a real hard landing,...

This CONVERSATION occurs as the US Fed makes its latest move on interest rates to tamp down the hottest US inflation in four decades. On Wednesday, September 21, the Fed increased its key short-term rate by three-quarters of a percentage point to a range of 3% to 3.25%. The move comes on the heels of four rate hikes earlier this year with the central bank now boosting the federal funds rate by 0.7...

This topic-packed CONVERSATION opens on a favorite theme, the peaking in US inflation with the latest Consumer Price Index (CPI) numbers in the spotlight. Consumer prices overall rose 0.1 percent in August compared with July when prices stayed flat. The 12-month inflation rate last month dropped to just 8.3 percent, down from 8.5 percent in July. That was higher than many economists had expected....

This episode of the CONVERSATION is on the heels of the latest US unemployment numbers from the Bureau of Labor Statistics. In August, U.S. employers hired more workers than expected by economists. The unemployment rate edged up to 3.7 percent as record numbers, some 800,000, entered the workforce. The survey of establishments showed nonfarm payrolls rose by 315,000 jobs last month, after soa...

Markets dropped in response to the speech by Fed Chairman, Jerome Powell, at Jackson Hole, Wyoming last week. In strong and unambiguous language, Powell pledged the Fed's efforts to crush inflation, saying the overarching objective was to bring inflation down to the agency's 2 percent goal. "Price stability is the responsibility of the Federal Reserve and serves as the bedrock of our economy," the...

The CONVERSATION presents a far-reaching study of the US economy from 1964 to 1991 by DICK BOVE, chief financial strategist at ODEON CAPITAL GROUP. The study covers a turbulent period of stagflation, oil embargoes, economic stress, street riots and political upheaval. It is a textbook case of the big “guns and butter” spending programs that fueled the inflationary spiral of the 1970s, from outlays...

The Conversation takes another close look behind this month's labor numbers released by the Bureau of Labor Statistics. DICK BOVE lays out the mammoth task undertaken by skilled government professionals in compiling and analyzing a complex data set for the US population. As noted in the last episode, the latest numbers offer a conflicting account of the labor force when compared with a separate su...