What a high quality conversation - thank you, Wealthtrack and Mr. Clarida. As someone who’s been involved with markets professionally for decades, I find myself gravitating to this program more and more over time. The guest views are usually very credible (this guest especially) and the host is this era’s Louis Ruckheiser (prepared, providing reasonable pushback and on point). Such a rarity!
Louis Ruckheiser had a fantastic show which didn't even have a set, just stools on a stage with curtains but his guests were top notch and he was on for decades! I really wish that they kept Consuelo Mack to carry on as she 1st did. They ruined the show at Fox. They started with a couple of worthwhile guests but went downhill fast after that! I'm sure it's not the current hosts fault either
Until the 8 trillion dollars on the Fed balance sheet is removed we are going to see high inflation. 3 products I buy at my local grocery store have increased in price by more than 100% in the last 12 months. Other items are up 50% ,30% and some 20%. Working poor people are being killed.
Absolutely, it's the same here in the UK. And on top of this current cost of living crisis, we've had average wages stagnating since about 2009. Average UK wages from 2009 up until 2019 have actually gone down by minus 2.5% in real terms adjusted for inflation. And since 2019 and our cost of living crisis that figure must be much worse now. Some UK businesses were saying the UK RPI inflation rate was just over 13% in April this year, and they put up their prices by just over 17%. They said that's inflation rate plus 3.99% on top
One issue with the Fed’s new average inflation targeting framework is that it appears to be assymetric: After periods of below target inflation, the Fed will tolerate above target inflation rates to make up for the earlier undershoot. However after a period of inflation above target, the Fed will not try to reduce the rate of inflation to below target to make up for the overshoot. So if the Fed was intellectually honest they would have to admit that their effective long run inflation target under their new framework will be over their stated 2% target. Basically 2% is a floor for the minimum long run inflation.
Hardly. You & I must've watched different clips. The man was consistent throughout. Rates are headed up...to 5 or 5.25 and you can expect them to stay there for a substantial period -- through all of 2023 anyway.
Interesting how he is able to pin point the timing of the beginning of this inflation problem being early 2020, yet never mentions a word about the real cause of it! That is of course the stopping of energy production in the US! And if it were to begin again, what would happen to inflation?
Ok to this however increasing interest rates especially anything more than 5% doesn't steady flow the supply chain esp it doesn't end the war it's logistics & the that really needs more working on
What does this really mean for investors, stop investing your money at the moment, stop buying stocks & bonds right now until the fed stops its tightening. John Bogle always said buy & hold, stay the course. Don't just do something, stand there. In other words best course of action in investing most of the time is to do nothing, don't tinker with your portfolio, just stick with a sensible well diversified strategy thru thick and thin. Keep costs low. Don't attempt to market time, time in the market, not market timing. He also said keep investing, invest you must, and this to shall pass. If you don't invest any money you are guaranteed to get nothing. Personally I think the main cause of the sharply rising inflation, cost of living crisis here in the UK and US at least was the fact that many well off people who were still getting payed higher salaries during the covid pandemic, but couldn't, weren't spending their money, then started sending it like no tomorrow when the restrictions opened up some time in 2021. And then energy companies in the UK were allowed to increase their prices to consumers at astronomical rates, plus other businesses whacked up their prices, building firms etc etc & self employed people in the building trade for example started profiteering from the situation, ripping the consumers off. And we are also suffering more with supply chain problems due to leaving the EU single market and customs union
TINA. Strong American dollar to balance world economy. Powerful mighty military to keep world peace and order. Democratic homeland security to maintain homeland productivity and prosperity. Bravo 👏 We are all grateful to be US citizens.
The middle class and young families are in a terrible recession as inflation is like a boot on their throat. More and More people get govt freebies costing the producers more & more of their earnings. A death spiral.
![Financial Markets Are Dangerous for Investors: What You Need to Know [2022]](/img/n.gif)
What a high quality conversation - thank you, Wealthtrack and Mr. Clarida. As someone who’s been involved with markets professionally for decades, I find myself gravitating to this program more and more over time. The guest views are usually very credible (this guest especially) and the host is this era’s Louis Ruckheiser (prepared, providing reasonable pushback and on point). Such a rarity!
Louis Ruckheiser had a fantastic show which didn't even have a set, just stools on a stage with curtains but his guests were top notch and he was on for decades! I really wish that they kept Consuelo Mack to carry on as she 1st did. They ruined the show at Fox. They started with a couple of worthwhile guests but went downhill fast after that! I'm sure it's not the current hosts fault either
No mention of impact of rising food and energy costs except they are not in CPI.
Until the 8 trillion dollars on the Fed balance sheet is removed we are going to see high inflation.
3 products I buy at my local grocery store have increased in price by more than 100% in the last 12 months. Other items are up 50% ,30% and some 20%.
Working poor people are being killed.
Absolutely, it's the same here in the UK. And on top of this current cost of living crisis, we've had average wages stagnating since about 2009. Average UK wages from 2009 up until 2019 have actually gone down by minus 2.5% in real terms adjusted for inflation. And since 2019 and our cost of living crisis that figure must be much worse now. Some UK businesses were saying the UK RPI inflation rate was just over 13% in April this year, and they put up their prices by just over 17%. They said that's inflation rate plus 3.99% on top
One issue with the Fed’s new average inflation targeting framework is that it appears to be assymetric: After periods of below target inflation, the Fed will tolerate above target inflation rates to make up for the earlier undershoot. However after a period of inflation above target, the Fed will not try to reduce the rate of inflation to below target to make up for the overshoot. So if the Fed was intellectually honest they would have to admit that their effective long run inflation target under their new framework will be over their stated 2% target. Basically 2% is a floor for the minimum long run inflation.
Why didn't you ask him about lower Fed rate for longer and transitory inflation statement?
What a fantastic guest and segment-- THANK YOU !!
What he said at the beginning he refuted at the end
Hardly. You & I must've watched different clips. The man was consistent throughout. Rates are headed up...to 5 or 5.25 and you can expect them to stay there for a substantial period -- through all of 2023 anyway.
@@markg4459 time stamp 22.05 you probably didn't reach that far
More Fed speak!
Interesting how he is able to pin point the timing of the beginning of this inflation problem being early 2020, yet never mentions a word about the real cause of it! That is of course the stopping of energy production in the US! And if it were to begin again, what would happen to inflation?
@user-un5hw6er7h Every time that I've replied to a Whats App or text messages it turned out to be a scammer trying to sell be something like Chrypto!
@user-un5hw6er7h Every time that I've replied to a Whats App or text messages it turned out to be a scammer trying to sell be something like Chrypto!
Good channel! Love ur tone! Straight to the point abd no bs
The speculators believe the bank of last resort will bail them out.
Again.
pls add writings on the videos thanks
Ok to this however increasing interest rates especially anything more than 5% doesn't steady flow the supply chain esp it doesn't end the war it's logistics & the that really needs more working on
Supply chains are solved since the start of Q2 2022. Try again, this is dead and buried news.
What are you most proud of?
Richard: We pumped so much damn liquidity into the market that we got Dogecoin’s market cap over $70B!
Consuela, great interview as always. Please invite Leon Cooperman. Thank you. 🙏
Buy more gold silver
What does this really mean for investors, stop investing your money at the moment, stop buying stocks & bonds right now until the fed stops its tightening. John Bogle always said buy & hold, stay the course. Don't just do something, stand there. In other words best course of action in investing most of the time is to do nothing, don't tinker with your portfolio, just stick with a sensible well diversified strategy thru thick and thin. Keep costs low. Don't attempt to market time, time in the market, not market timing. He also said keep investing, invest you must, and this to shall pass. If you don't invest any money you are guaranteed to get nothing. Personally I think the main cause of the sharply rising inflation, cost of living crisis here in the UK and US at least was the fact that many well off people who were still getting payed higher salaries during the covid pandemic, but couldn't, weren't spending their money, then started sending it like no tomorrow when the restrictions opened up some time in 2021. And then energy companies in the UK were allowed to increase their prices to consumers at astronomical rates, plus other businesses whacked up their prices, building firms etc etc & self employed people in the building trade for example started profiteering from the situation, ripping the consumers off. And we are also suffering more with supply chain problems due to leaving the EU single market and customs union
Capital punishment you fight the fed
White man speaks with fed tongue 😜
TINA. Strong American dollar to balance world economy. Powerful mighty military to keep world peace and order. Democratic homeland security to maintain homeland productivity and prosperity. Bravo 👏 We are all grateful to be US citizens.
Empires fail at some point. Hard to predict when in advance, but the storm clouds are visible.
Economic investigator Frank G Melbourne Australia 🇦🇺 still watching this informative content cheers Frank
We hit the debt ceiling.
The saying should "never trust the fed" This guy is all fed. Thanks for the heads-up.
We're going into recession now so the Fed should tread very carefully. Let's see if they do this in February.
The silver lining would be for Congress to simply balance the budget and stop spending other people's money on their votes
The middle class and young families are in a terrible recession as inflation is like a boot on their throat. More and More people get govt freebies costing the producers more & more of their earnings. A death spiral.
This is financial advice now. Interview someone that used to work at the fed and have them tell people not to fight the fed
🤡🌍