When I was younger working as a manager the other managers gave me crap about driving beat up old ford escorts. I would buy one for a couple hundred dollars and drive it till it died. Then scrap it and buy another one. They thought I was crazy. Years later. All the money I saved I used to eventually buy a house. If I hadn't done that I never would have been able to buy that house. Most people are fools throwing away their money trying to impress each other.
They're crazy to be cutting rates. It is hysterical how Wall Street analysts were calling for something like 7 rate cuts last year! It was ridiculous wishful thinking.
Post pandemonium is still here, employment force participation is somewhere around 62% with a long wait to rehire. Unemployment is 4.2% at 71,000,000 out; however, Dept of Labor doesn't catch up its statistics to keep track of terminals or folk slipped through the cracks, so its higher-around fiver percent. Powell sometime ago put a few people out with past higher rates, so his recent cut is all the more surprising. Wheather he's looking for neutral stick at all, apparently he's over Paul Volcker. Getting the rate down with labor statistics, or looking at oil demand consumption and sticks, Powell remains enigmatic as hell. I think basic Keynesian should do and leave the neutral rate alone.
The Federal Reserve has some of the smartest economists and market experts in America. I’m not sure why so many amateurs think that they know more than the experts at the Federal Reserve. The Federal Reserve rates are mostly driven by the 10 year Treasury rate which is going up. Trump has a long list of inflationary policies like tariffs, population reduction, tax reductions. The Fed is preparing us for the reality of the side effects of new inflationary policies. If Trump doesn’t do the things that he is threatening to do then there maybe more cuts in the Federal Reserve rate as the 10 year declines. What is being said in this video is very wrong, and out of touch with reality. Trump only knows how to negotiate with a hammer, so inflation and job loss is very possible. When Trump did this in 2018, farmers lost over $36 billion in soybean sales. Those crops are now being grown in Brazil, not the US. Tariffs sometimes backfire.
![Global Capitalism: The U.S. Election and Trump 2.0 in Historical Perspective [November 2024]](http://i.ytimg.com/vi/0-WR6Zq7Qec/mqdefault.jpg)
![Global Capitalism: The U.S. Election and Trump 2.0 in Historical Perspective [November 2024]](/img/tr.png)
I didn't even notice you had that many subs. Congrats. I just liked the content and kept clicking.
When I was younger working as a manager the other managers gave me crap about driving beat up old ford escorts. I would buy one for a couple hundred dollars and drive it till it died. Then scrap it and buy another one. They thought I was crazy.
Years later. All the money I saved I used to eventually buy a house. If I hadn't done that I never would have been able to buy that house.
Most people are fools throwing away their money trying to impress each other.
Thanks Simon!
They're crazy to be cutting rates. It is hysterical how Wall Street analysts were calling for something like 7 rate cuts last year! It was ridiculous wishful thinking.
No choice,to much debt .
Have yourself a merry Christmas! Best wishes to you and your family for the new year!
The fed spent past 2years increasing rates,to cut them months later .lol
Post pandemonium is still here, employment force participation is somewhere around 62% with a long wait to rehire. Unemployment is 4.2% at 71,000,000 out; however, Dept of Labor doesn't catch up its statistics to keep track of terminals or folk slipped through the cracks, so its higher-around fiver percent. Powell sometime ago put a few people out with past higher rates, so his recent cut is all the more surprising. Wheather he's looking for neutral stick at all, apparently he's over Paul Volcker. Getting the rate down with labor statistics, or looking at oil demand consumption and sticks, Powell remains enigmatic as hell. I think basic Keynesian should do and leave the neutral rate alone.
The Federal Reserve has some of the smartest economists and market experts in America. I’m not sure why so many amateurs think that they know more than the experts at the Federal Reserve. The Federal Reserve rates are mostly driven by the 10 year Treasury rate which is going up. Trump has a long list of inflationary policies like tariffs, population reduction, tax reductions. The Fed is preparing us for the reality of the side effects of new inflationary policies. If Trump doesn’t do the things that he is threatening to do then there maybe more cuts in the Federal Reserve rate as the 10 year declines. What is being said in this video is very wrong, and out of touch with reality. Trump only knows how to negotiate with a hammer, so inflation and job loss is very possible. When Trump did this in 2018, farmers lost over $36 billion in soybean sales. Those crops are now being grown in Brazil, not the US. Tariffs sometimes backfire.
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Always when I listen about the FED changing rates, I replace word FED with word "market"