Five trillion dollars sitting and waiting in money market accounts, just waiting for hint of a recovery to jump onto stocks, seems to me to have a moderating effect on how low stocks will go irrespective of how bearish the economy gets.
I definitely respect Yardeni, but I feel he has a blind spot when it comes to gold and crypto. Regarding gold, as long as the central banks still value the barbarous relic enough to store it as a reserve I will continue to have my own portfolio backed with a position as insurance. It's not an investment it is insurance! Regarding crypto, I feel he doesn't even follow or understand the sector. He claims crypto offers no yield which is just untrue as plenty of crypto out there like ethereum or cardano can be staked and early 2-5% yield (paid out in more ether or cardano)
Since the turn of the century (January 2000) gold has slightly outperformed the US stock market.... its close enough to call it even... So if Ed thinks gold doesn't merit an investment allocation, he should take a similarly unexcited stance re US stocks.
Dr. Yardeni is correct that crypto has no yield. Most people do not have the capital to purchase a house or car. Businesses require capital to expand. Thus, we need banks to allocate capital. If crypto were to become a currency, we would need crypto-banks to fractionally reserve the crypto-currency and loan it out. We would have paper crypto. The bank offers the yield, not the coin. You are correct to say that gold is not an investment.
Hello, I have missed your program the last few weeks. I am so glad that I found it this week and I very much enjoyed the review with Mr. Yardeni. Your program and videos are edited to the perfect length IMHO. Thank you so much for all you do.
I agree with /understand Ed's claim early in program that the FED's interest rate policy was driven by high labor demand/higher wages in the service sector (healthcare/entertainment) Later in the program he mentions that advancements in AI will lend itself to solving labor shortages. I'm not sure.
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Five trillion dollars sitting and waiting in money market accounts, just waiting for hint of a recovery to jump onto stocks, seems to me to have a moderating effect on how low stocks will go irrespective of how bearish the economy gets.
You always have the best guests, Consuelo.
This really does size up exactly what's going on. A truly "diversified long-term portfolio" is the answer.
Mr. Yardeni has misjudged inflation the entire time and may well be misjudging it again.
No kidding, he lost all credibility a long time ago with these silly CNBC interviews.
Thoughtful guest and great interview.
My "pearl" is Yardini's comment about holding onto stocks fhtough '"Thick and Thin" in order to collect the dividends.
I definitely respect Yardeni, but I feel he has a blind spot when it comes to gold and crypto. Regarding gold, as long as the central banks still value the barbarous relic enough to store it as a reserve I will continue to have my own portfolio backed with a position as insurance. It's not an investment it is insurance! Regarding crypto, I feel he doesn't even follow or understand the sector. He claims crypto offers no yield which is just untrue as plenty of crypto out there like ethereum or cardano can be staked and early 2-5% yield (paid out in more ether or cardano)
Since the turn of the century (January 2000) gold has slightly outperformed the US stock market.... its close enough to call it even...
So if Ed thinks gold doesn't merit an investment allocation, he should take a similarly unexcited stance re US stocks.
Dr. Yardeni is correct that crypto has no yield. Most people do not have the capital to purchase a house or car. Businesses require capital to expand. Thus, we need banks to allocate capital. If crypto were to become a currency, we would need crypto-banks to fractionally reserve the crypto-currency and loan it out. We would have paper crypto. The bank offers the yield, not the coin.
You are correct to say that gold is not an investment.
Hello, I have missed your program the last few weeks. I am so glad that I found it this week and I very much enjoyed the review with Mr. Yardeni. Your program and videos are edited to the perfect length IMHO. Thank you so much for all you do.
I agree with /understand Ed's claim early in program that the FED's interest rate policy was driven by high labor demand/higher wages in the service sector (healthcare/entertainment) Later in the program he mentions that advancements in AI will lend itself to solving labor shortages. I'm not sure.
Love it. Great interview
😊
Soft landing growth recession, lol.
I think he made up that term 😅
I was just telling my married bachelor friend that I too thought we were headed for a growth recession how odd.
Great interview!
😇👑🌏🌍🌎💚@undwallace