Yep, top 1% don't get it. Also everything is fine just because of gargantuan deficit spending, without it we'd already in recession like other countries
*Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $12,000 and got my payout of m $270,500 every months,God bless Chloe Linda Henderson🇺🇸🇺🇸🇺🇸..*
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.
Interesting how over 2% inflation has been a concern when central banks and the Fed begin to hike interest rates. I consider the rising interest rate to be a very serious issue since it will undoubtedly cause more investors to withdraw their money from the stock market. But then I'm still aware of certain investors that continue to earn over $365,000. Wish I could accomplish that.
Very possible! Particularly in the current market. There are several opportunities to generate excellent returns, but such intricate transactions can only be carried out by seasoned market professionals.
AGREED! Over 3 years now, I've made over 1.7 million by simply following a coach's advice. I was on the sidelines for a while watching, trying to determine the best time to get in, before I came across a coach, recommended by my wife. I was reluctant at first but I went ahead and contacted the coach. Best decision yet
For those of us who have a working memory, back in 2007 the Fed cut rates and everyone thought we had a "soft landing" then 2008 happened. We need to learn from history.
@@petermaag9622 Tbh, every single time we have had a crash its always been when they start cutting rates because that's when all the damage has been done. Go look at all the major crashes that has happened in the past 50 years. If it did happen soon tho would be a great opportunity to get rich ^..^
They sounded dumb lol. Guess you don't fully understand economies. Inflation is decreasing at a faster rate, but its still going to be above 2% for a long time because its measured year per year and the base is still quite a lot higher than 2%. Cutting rates anytime soon would be stupid and force them to increase interest rates again, because if they were to do that anytime soon inflation will skyrocket again. Anyways, I don't mind a big crash coming. Would be a great time to get rich. The rich love crashes, because its the easiest time to multiply your wealth
@@joesixpack2878he understands the theory on why the Fed would want to cut rates - and we don't have those conditions. The risk is higher inflation, which we need to avoid
@@bryantgouveia Not to me. I think they were frustrated (rightfully) at Eisman’s dismissiveness. Rising personal debt, rising credit card balances, falling house prices, rising crime levels - completely ignoring anything that doesn’t fit his un-nuanced take.
Yeah if people are truly worried about inflation they would advocate for higher rates. If they lower rates houses will become even more expensive and less affordable and young people will never get ahead. Lowering rates now only helps boomers.
I'm confused how for 45 years we had higher rates than current rates but now it's important to get them lower. Rates under 3% were never heard of until the 2010s. Can you explain why the change in policy.
What a CLOWN! This just proves how out of touch some of these folks really are. I went through the McDonalds drive through, spent $4.09 on just fries, and the cashier was telling me about her other job. Inflation hurts the bottom class the most as they are usually the last ones to touch the money.. those closer to the printer aren't as affected.
and you are still over weight ... FYI - prices never go down ... and grocery prices have NOT increased 30% of the past 3 years, your made up numbers are meaningless.
We still enjoy some of the lowest food prices as a percent of income in history. Maybe we have to eat chicken a few more nights instead of beef to save money if are budgets are tight
Fortunately the grocery store chain's CEO is bringing home millions more than he was two years ago, thanks to the Trump Tax Cuts for millionaires. Thank God someone is protecting our millionaires.
As someone who sees week in and week out that suppliers/manufacturers are still raising prices consistently. He’s 100% right that it’s not looking likely for any rate cuts this year with inflation still hanging around 4% and true inflation much higher, definitely increasing faster than wages. They cut rates now, and you’ll see dramatically more inflation.
Here is the real thing and FED knows that wery well We need interest rate at 8 % to lover the inflation not 5,5% that will case recesion and country colapse.So they just continue to kick the can down the road. We will not have recesion before midle 2025 or 2026 by that time stocks will go up extremly as Crypto market.
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favourable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts or advisors with experience since the 08' crash.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Lisa Angelique Abel is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Investors appear to be skeptical about the Federal Reserve's intention to extend the interest rate pause. In terms of myself, I'm at a loss as to whether or not to put $150k into my stock portfolio. I want to know what the best plan of action is to take advantage of this market.
Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2022
Who is the coach that provides guidance for you? I urgently require assistance; my stock portfolio is stagnating, and I need investment advice for retirement.
*Natalie Marie Gentry* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Finally, someone with a head. Housing is going up again. In the state of Utah Housing is up 5% year over year. Inflation is still going up more than 2%.
That was one of the most out of touch perspectives I’ve seen for a while. That’s someone who’s like yeah, my expenses are $5M/month but I still make $25M/month so the economy is great. Ask your local server or any adult below the age of 35. You could get a “true” perspective.
I think this guy is smart, but I don't see why he is saying the economy is fine. We went to the market this week to get some mayonnaise for deviled eggs and they wanted $8 for a bottle. Are you kidding me? Here is another data point: everyone I know is seeing layoffs at their companies. That being said, I do agree the Fed should leave rates alone. If they lower rates, we will see prices go up even more.
Why none wants deflation? I want deflation. I want my purchasing power to increase. Only government and debtors want inflation at the expense of citizens.
Steve Eisman is a great man!! The Data is not weak! Love him (No Diddy). When he put up his hand to ask if there was any % chance of a bubble in The film and the guy said no, the way he got up and left while calling his colleagues was Brilliant. Much Respect to Mr Eisman.
I had initially planned to retire at 62, work part-time, and save money, but the impact of high prices on various goods and services has significantly disrupted my retirement plan. I'm worried about whether those who experienced the 2008 financial crisis had it easier than I currently am. The volatility of the stock market is a concern as my income has decreased, and I fear that I won't be able to contribute as much as before, potentially jeopardizing my retirement savings.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
Leticia Zavala Perkins, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Rate cuts commence in June 2024, taking 6-8 months to complete. A potential crash, if any, might occur by March 2025. The soft landing narrative is gaining traction, making this big recession everyone is calling for less likely. With $1 million from a business sale, I'm seeking profitable investment opportunities for the next 3 years.
Eisman did not predict the 2008 financial crisis. The media promotes its own tribe while discriminating against gentiles. I am the only person who predicted the 2008 FC but I was banned by all media. Spend the time needed to look into my claims and you will see I am correct.
Our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
Of course there should not be funds rate cuts this year, because the funds rate is not sufficiently restrictive. But that is not the only thing they have to worry about.
It’s crazy how they are saying everything is good? They obviously don’t have to worry about money and don’t see what is really going on out there. CNBC, REAL PEOPLE ARE STRUGGLING!!!!!!!!!
Love Joe. Keeping it real regarding inflation and not letting Eisman get away with a bit of nonsense. Prices are up big time and many people are much worse off than they were pre pandemic despite any measly wage increase. Keep it up Joe!
"Big Short" investor Steve Eisman said the sizzling stock market rally can run on as long as the US economy stays strong. I’ve been sitting on over $345K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
People spend their money when they have it. And when they have more money, some people tend to spend it more. You should speak with a financial expert if you wish to improve your financial management.
Having an investment advisor is the best way to go about the stock market right now. I used to depend on TH-cam videos but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
I'm impressed with the advisor's prompt response and expertise. Their clarity and professionalism instilled confidence from the start. Excited to explore opportunities together! Thank you.
I liked this today. He’s right. Things are really good, very nice and as investors naturally no one can believe it. This is on easier game mode; rare thing.
Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
Michael Terpin is highly qualified and experienced in the fin-market. He has extensive knowledge of portfolio diversity and also considered as a valuable resource for anyone looking to navigate the fin-market.
Overall, 51% of traders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.
Laila artine kassardjian' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Typical “rich guy” talk about how everything’s great and inflation having gone up 30% is no big deal. We need to tax these elitists 30% more and see if he still thinks it’s no big deal.
I see the rising interest rate as a very big problem, as more investors will definitely pull out more money from the Stock market. This might have worked when I was still invest-ing with a couple thousand dollars, but it is more difficult now to decide whether to pull out more than $365k from my port-folio. I know some inves-tors still make that despite the strong bear market. In wish I could pull that feat
Joe should retire, he can't even speak properly anymore. He is way past retirement age. And he doesn't even let the guest speaks. The poor guest has to fight to get his words heard and keep getting interrupted.
It is interesting that no guest will say the obvious. The stock market is up because of runaway government spending, it is not AI or productivity gains. The real question is what will happen to the stock market if the US deficient gets to 3-4% of GDP.
@@ClearOutSamskaras when the government gives huge contracts to Microsoft, amazon and defense companies that flows into their earnings. Increased earnings leads to increased stock prices.
Clearly nothing like his movie fantasy character. Completely out of touch with the “little guy” on Main Street that his character pretended to care so much about.
I totally feel you! I used to be in the same situation. But then I started educating myself on personal finance and investing. It's amazing how much of a difference it can make. Have you considered diversifying your portfolio or creating a budget that actually works for you?
Yeah, I've tried budgeting before but it never seems to stick. And investing is so overwhelming! I don't know where to start. Do you have any recommendations for good resources or advisors?
Actually, I've had great experiences with financial advisors who take a holistic approach to wealth management. They can help you create a customized plan that fits your goals and risk tolerance.
Wow, thanks for the rec! I'll definitely look into Kristin Amy Rose. It's so refreshing to hear about a financial advisor who actually cares about helping people achieve their goals. I'll have to reach out to her and see how she can help me start building wealth hopefully she has a web presence that I can look up
There is an incredible return on infrastructure investment. The feds need to keep interest rates up so that when a recession does hit they have the power to lower interest rates. It's their #1 defense against recession.
The bonds vs stocks via interest rates dynamic is just not relavant because everything is just cruising along at mild rates, so it doesnt matter, and so why change the rates?
This is the most clear as day distinction between Wall Street mega-millionaires and normal everyday people. “But inflation is still around at like 30%” “Eh yeah but we’re fine” “People are struggling to pay for groceries” “Yeah, but the economy’s fine” “Fine for rich people like us maybe” “Nah, everyone’s fine. Wages are up, they should be happy!”
The guest has it wrong. He said he is not calling for deflation I am and here is why. If the Fed is claiming their 2% inflation target is both the goal and one the two dual mandates than we must have deflation for awhile. We we were running with high inflation during part of 2021 all of 2022 and.part of 2023. The Fed started hiking to late by their own admission. Therefore we need deflation for a 12-18 months or so to average the 2% looking back over the last two years. If not than we allow for high inflation and create new permanent high price hikes on things like rent, house prices, food, car sales etc etc If the Fed just focuses on a 2% target going forward without correcting for its own mistakes than the 2% target is bogus and the people get burned with permanent new higher costs over a short time frame. Essentially, what we need is a single mandate Stable prices, low or no inflation, strong dollar policy. Prices going up will be a by product of supply and demand in the private marketplace
If I was a Judge . . . Joe gets called out for 'leading the witness' (doesn't work with Steve), Becky is both beautiful and smart , MSNBC awaits Andrew's introduction
2:20 "has anything bad happened, nothing bad has happened" I mean apart from the fact people are losing their houses because they can't afford their mortgages any more. Apart from the fact young people's hope of buying a home has gone from slim to near impossible. Yeah, this guy doesn't live in the real world.
Dive further into the rabbit hole beyond inflation to find what most non elitist people are angry at...and you will find a general dissatisfaction about many things. Truth is that inflation's just one statistic. Our media today continues to push a narrative that we should all shut up and take what we're given and be happy about it. Eisman once took time to visit Florida housing developments during the 08 market collapse to confirm his thesis...maybe he should get off the couch and do something similar this time.
Many of you are criticizing Eisman for saying the economy is doing well and therefore the Fed shouldn't lower rates. You point to the inflation you've personally experienced. Okay, but lowering rates - what Eisman is arguing against - would make inflation worse, not better. So if you're concerned about inflation you should be on Eisman's side here! I think many of you are reading too much politically into this discussion, so much so that you don't realize that Eisman is arguing for a more hawkish position against inflation than the status quo, not a more dovish one. I think Eisman should have asked Joe...."Ummm, are you saying the Fed should lower rates? If you're concerned about inflation that makes no sense."
rate cuts would mean higher inflation, more credit card debt, and savings losing purchasing power. lower borrowing costs would also mean more cheap robots / ai replacing jobs, which is deflationary. It's not ideal, but the economy is fine. people living in a bubble are mainly the ones complaining that it's not. Why wouldn't they want rate cuts if not to continue living in one?
Over a decade of free or cheap money brought out the most irresponsible financial habits of most people. Sorry....but low rates are not the norm. The rates we have now are, marginally, higher than before 2008. Remember that. It is your poor financial decisions that got you in to the mess you're in now. Not the markets, not rates, not ABC.....it was YOUR choices.
One reason to cut can be real rates are too high on historical basis... 5.5% rates with inflation at 2.5% don't make sense. Now, before they cut rates they have to make sure inflation is stable at least around 2.5%... and going to 2% next year, otherwise better not to cut because then they'll have to rise again next year. A better move would be beginning with yield curve control (YCC), say put a ceiling of 4.5%/5% or whatever number is appropriate on the 10-year, to control excessive long-term debt costs and let fed fund rates at 5.5% to make sure inflation does not pick up.
.... one wealthy guy in the room is seeing it from the perspective of the average person, the others are fighting tooth and nail that everything is fine, things are pretty good, yes the average person had less purchasing power and wage increases haven't kept up with inflation, but we've benefited from it because we own the businesses that have been little effected and much rewarded.
If you want a discription of how the top 5% of companies and fund managers think of the economy this is for you. The rest of us are delusional and should accept, shut up and be happy that they are OK. Steve has it right its not ok out in the REAL world.
I agree with Eisman that rates should not be cut. However, since he lives in a big old money bubble, he is clueless about how inflation is hurting those who aren't as fortunate.
Inflation is drastically down and the economy is great. I wouldn't lower rates. We're creating much healthier business operations without free money so that when the free money returns, it can actually go to real innovation.
Average working young couples are still being eaten alive with high rents as they save for home purchase when the rates go down in a few years.Retired people are having a hard time to make retirement savings last. Massive poverty in 10 years
Interesting compared with this week. He is a very interesting person who is slightly off step from others in his way of thinking - and it for better and worse carries over into his business analysis.He may be right and ultimately Greenspan took his advise ,( slighly less extreme).
Inflation is inevitable. As the USA disrupts economies and shipping around the World there will only be more disruption of supply changes. As the USA seeks to cut off China there will only be much less affordable products. I needed a new seat belt for my truck. It took 9 weeks to get that part. A electric window control switch takes 90 days to get. One shop told me a person’s car is sitting in their lot 5 months waiting for a late model Chevy turbo. There are vehicles piled up at dealerships waiting for parts to repair the trucks, owners vehicles sitting on lots waiting. China, Russia, and BRICS are thriving compared to the USA.
The American “dream” is shape shifting big time. Consumers will have to optimize their choices on every level and focus on long term security. Boats might not be rocking in this election year environment, but the tide is definitely going out.
I was paying 11% int on home loan in ‘81 The rates now are not too bad, the 0% was dumb, and does anyone think if int rates go down to say 4% grocery vendors all of them will lower their prices really ?? Hahaha no way Jose
The value of the dollar has dropped 25% in the last 4 years. So, saying the wages have gone up and the economy is good is so misleading. The truth is the only way to protect yourself is to buy assets that are scarce or limited like real estate, gold, some tech stocks, or Bitcoin. I personally speculate that BTC is the lowest Risk, highest Reward now that the ETF has proven so successful. Obviously, wall street agrees.
This man is unaffected by inflation
Yep, top 1% don't get it. Also everything is fine just because of gargantuan deficit spending, without it we'd already in recession like other countries
Rate cuts would send inflation sky high, if anything rates should go up.
If you are worried about inflation you would advocate for rates to either stay the same or increase. Lowering rates is inflationary.
yup, hes worth 2 billion. they benefit from inflation.
yup typical liberal who does give two F's about the little people. "you can't have everything, unless you are me"
*Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $12,000 and got my payout of m $270,500 every months,God bless Chloe Linda Henderson🇺🇸🇺🇸🇺🇸..*
Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down 🤦 of myself because of low finance but I still believe in God.
Thanks to my co-worker (Alex) who suggested Ms Chloe Linda Henderson.
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.
Great to see you guys talking about her, she changed the game for me.
May God bless Ms Chloe Linda Henderson services,she have changed thousands of lives globally.
Here’s an idea: let the guest talk without interrupting
Interesting how over 2% inflation has been a concern when central banks and the Fed begin to hike interest rates. I consider the rising interest rate to be a very serious issue since it will undoubtedly cause more investors to withdraw their money from the stock market. But then I'm still aware of certain investors that continue to earn over $365,000. Wish I could accomplish that.
Very possible! Particularly in the current market. There are several opportunities to generate excellent returns, but such intricate transactions can only be carried out by seasoned market professionals.
AGREED! Over 3 years now, I've made over 1.7 million by simply following a coach's advice. I was on the sidelines for a while watching, trying to determine the best time to get in, before I came across a coach, recommended by my wife. I was reluctant at first but I went ahead and contacted the coach. Best decision yet
This sounds interesting. My portfolio is in the red. Can you recommend your analyst, please?
Credits goes to Melissa Maureen Ward, one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
Thanks for the advice. The search for your coach was simple. I investigated her well before using her services.
For those of us who have a working memory, back in 2007 the Fed cut rates and everyone thought we had a "soft landing" then 2008 happened. We need to learn from history.
And what would that be?
@@sciencefliestothemoon2305 th-cam.com/video/7LFtoz9sERo/w-d-xo.htmlsi=Asr9EMaPm8XC6BOp 3:42 “and what would that be?”
This isnt that
@@petermaag9622 Tbh, every single time we have had a crash its always been when they start cutting rates because that's when all the damage has been done. Go look at all the major crashes that has happened in the past 50 years. If it did happen soon tho would be a great opportunity to get rich ^..^
Same thing will hapend 2025
I sugesting to all of you go long in stock market whole 2024 and sell after election
Weird day with the CNBC hosts sounding more intelligent than a highly respected expert. And the comment section filled with thoughtful critiques.
They sounded dumb lol. Guess you don't fully understand economies. Inflation is decreasing at a faster rate, but its still going to be above 2% for a long time because its measured year per year and the base is still quite a lot higher than 2%. Cutting rates anytime soon would be stupid and force them to increase interest rates again, because if they were to do that anytime soon inflation will skyrocket again. Anyways, I don't mind a big crash coming. Would be a great time to get rich. The rich love crashes, because its the easiest time to multiply your wealth
love Steve Eisman, great at what he does, but he's a little out of touch here. Lol
@@joesixpack2878he understands the theory on why the Fed would want to cut rates - and we don't have those conditions. The risk is higher inflation, which we need to avoid
@@bryantgouveia Not to me. I think they were frustrated (rightfully) at Eisman’s dismissiveness. Rising personal debt, rising credit card balances, falling house prices, rising crime levels - completely ignoring anything that doesn’t fit his un-nuanced take.
Rising crime levels? Where? The United States has some of the lowest crime rates in its history right now.
This is a prime example of someone being right once doesn't mean they are right about anything else.
Could not have said it any better myself.
For real
I was just about to comment the same thing
Yeah if people are truly worried about inflation they would advocate for higher rates. If they lower rates houses will become even more expensive and less affordable and young people will never get ahead. Lowering rates now only helps boomers.
I'm confused how for 45 years we had higher rates than current rates but now it's important to get them lower. Rates under 3% were never heard of until the 2010s. Can you explain why the change in policy.
@cnbc, How long before Kernen retires? It would be nice to hear a business guest talk without being cut off before he/she finishes their statement.
Young guy is a left wing bot.
What a CLOWN! This just proves how out of touch some of these folks really are. I went through the McDonalds drive through, spent $4.09 on just fries, and the cashier was telling me about her other job. Inflation hurts the bottom class the most as they are usually the last ones to touch the money.. those closer to the printer aren't as affected.
$5 for a large fries in Canada
@@aaronkerrigan241 Go touch some grass.
If inflation is the concern then cutting rates would be foolish. Why does anyone think cutting rates would mitigate inflation in any way.
YEP, its only gonna bring it BACK. Housing is gonna skyrocket AGAIN if interest rates go down to 5% or so.
Lack of faith in the Fed
Smooth brains believe Democrats talking points blaming inflation on the fed
I leave the grocery store with about 30% less than I did about three years ago. which sucks.
and you are still over weight ... FYI - prices never go down ... and grocery prices have NOT increased 30% of the past 3 years, your made up numbers are meaningless.
50% less
We still enjoy some of the lowest food prices as a percent of income in history. Maybe we have to eat chicken a few more nights instead of beef to save money if are budgets are tight
Fortunately the grocery store chain's CEO is bringing home millions more than he was two years ago, thanks to the Trump Tax Cuts for millionaires. Thank God someone is protecting our millionaires.
As someone who sees week in and week out that suppliers/manufacturers are still raising prices consistently. He’s 100% right that it’s not looking likely for any rate cuts this year with inflation still hanging around 4% and true inflation much higher, definitely increasing faster than wages. They cut rates now, and you’ll see dramatically more inflation.
Wall Street people doing good as that men said.
He does not feel inflation cause he don't care how much egs are or milk.
Inflation makes his stocks go up
Here is the real thing and FED knows that wery well
We need interest rate at 8 % to lover the inflation not 5,5% that will case recesion and country colapse.So they just continue to kick the can down the road. We will not have recesion before midle 2025 or 2026 by that time stocks will go up extremly as Crypto market.
There’s a lot of money flowing in the economy, but it’s isolated to fewer and fewer sectors
@@aaronkerrigan241 yes but you have to know those people carry US economy and it is more than 80% of Americans who live from monthly salary
@@tomw485 exactly. The people in the comments really are clueless.
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favourable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts or advisors with experience since the 08' crash.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Lisa Angelique Abel is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Investors appear to be skeptical about the Federal Reserve's intention to extend the interest rate pause. In terms of myself, I'm at a loss as to whether or not to put $150k into my stock portfolio. I want to know what the best plan of action is to take advantage of this market.
Investing in stocks can be a wise decision, especially if you have a reliable trading system that can lead you to fruitful days of success.
Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2022
Who is the coach that provides guidance for you? I urgently require assistance; my stock portfolio is stagnating, and I need investment advice for retirement.
*Natalie Marie Gentry* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
no mention of massive government deficit spending?
There was
Never. If the country implodes the rich will just move to another. They don't care about US debt
Next, MasterSack is gonna tell us that the dollar is at risk of losing its status as the world's reserve currency. LoL.
@@stevechance150 🐑🐑🐑
Finally, someone with a head. Housing is going up again. In the state of Utah Housing is up 5% year over year. Inflation is still going up more than 2%.
That was one of the most out of touch perspectives I’ve seen for a while. That’s someone who’s like yeah, my expenses are $5M/month but I still make $25M/month so the economy is great. Ask your local server or any adult below the age of 35. You could get a “true” perspective.
I think this guy is smart, but I don't see why he is saying the economy is fine. We went to the market this week to get some mayonnaise for deviled eggs and they wanted $8 for a bottle. Are you kidding me? Here is another data point: everyone I know is seeing layoffs at their companies. That being said, I do agree the Fed should leave rates alone. If they lower rates, we will see prices go up even more.
Why none wants deflation? I want deflation. I want my purchasing power to increase. Only government and debtors want inflation at the expense of citizens.
Steve Eisman is a great man!! The Data is not weak! Love him (No Diddy). When he put up his hand to ask if there was any % chance of a bubble in The film and the guy said no, the way he got up and left while calling his colleagues was Brilliant. Much Respect to Mr Eisman.
I had initially planned to retire at 62, work part-time, and save money, but the impact of high prices on various goods and services has significantly disrupted my retirement plan. I'm worried about whether those who experienced the 2008 financial crisis had it easier than I currently am. The volatility of the stock market is a concern as my income has decreased, and I fear that I won't be able to contribute as much as before, potentially jeopardizing my retirement savings.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
Mind if I ask you to recommend this particular coach to you using their service?
Leticia Zavala Perkins, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
love to hear from Steve Eisman, always frank and to the point. They should just let him talk if they invite him to the show
Loved the "Let them eat cake comment"!
You can't have everything! - The Big Short Guy
Rate cuts commence in June 2024, taking 6-8 months to complete. A potential crash, if any, might occur by March 2025. The soft landing narrative is gaining traction, making this big recession everyone is calling for less likely. With $1 million from a business sale, I'm seeking profitable investment opportunities for the next 3 years.
You seem so sure of yourself... Complete in 6-8 months?? Can I have some of what you are smoking? 😂😂😂
Eisman has been eating from the silver spoon for a little too long. He is completely out of touch with the everyday American.
Eisman did not predict the 2008 financial crisis. The media promotes its own tribe while discriminating against gentiles. I am the only person who predicted the 2008 FC but I was banned by all media. Spend the time needed to look into my claims and you will see I am correct.
What did I learn from this convo?
Nothing……..
Exactly, many words discussion like
People expecting cuts need lower their expectations. The market has been pricing them in, and it's likely a misstep
Joe is so biased it hurts to watch.
no he provides a needed balance as Sorkin pumps his politics on the other side
Actually in this particular case he did a good job.
Funny how CNBC will acknowledge it's a weak economy in one video and in this video say it's a strong economy.
Our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
How can i get started when it comes to investing and passive income?
she's mostly on Telegrams, using the user name
.. that's it
Of course there should not be funds rate cuts this year, because the funds rate is not sufficiently restrictive. But that is not the only thing they have to worry about.
They only care about interest payments. The Fed has to lower rates to keep the ponzi scheme going longer. The scheme = the U.S.A
It’s crazy how they are saying everything is good? They obviously don’t have to worry about money and don’t see what is really going on out there. CNBC, REAL PEOPLE ARE STRUGGLING!!!!!!!!!
We know
Can’t solve world problems. They are talking about a very specific thing unrelated to what you said. I wish you well though, you got this!
I hear Eisman saying that the economy looks fine for the rich. Yet in reality it's a fireball.
Love Joe. Keeping it real regarding inflation and not letting Eisman get away with a bit of nonsense. Prices are up big time and many people are much worse off than they were pre pandemic despite any measly wage increase. Keep it up Joe!
Joe has lost his ability to focus on financial issues, as his personal political views obscue his ability to allow his guest to speak unencumbered.
Joe..talk less, listen more please....
They should rename this show: Talking My Book.
This election year makes me feel like: don’t trust experts’ words. 🤐
That’s right. Price for everything is still too high. Thank you for keep saying that.
No cuts is my base case. Until real estate drops more (insurance, property taxes too) inflation will remain elevated.
I agree with Eisman, if the concern is high prices then for sure keep rates steady. I think industrial policy is more helpful than Fed.
"Big Short" investor Steve Eisman said the sizzling stock market rally can run on as long as the US economy stays strong. I’ve been sitting on over $345K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
People spend their money when they have it. And when they have more money, some people tend to spend it more. You should speak with a financial expert if you wish to improve your financial management.
Having an investment advisor is the best way to go about the stock market right now. I used to depend on TH-cam videos but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
Your advisor appears skilled. How can I contact them? I've recently sold property and aim to invest in stocks, seeking guidance.
Amber Russell Bennett is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I'm impressed with the advisor's prompt response and expertise. Their clarity and professionalism instilled confidence from the start. Excited to explore opportunities together! Thank you.
While Tom Lee wants 3-5 rate cuts this year.
I liked this today. He’s right. Things are really good, very nice and as investors naturally no one can believe it. This is on easier game mode; rare thing.
Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
Michael Terpin is highly qualified and experienced in the fin-market. He has extensive knowledge of portfolio diversity and also considered as a valuable resource for anyone looking to navigate the fin-market.
Twitter also
*@michaeltpin*
*michaeltpin*
Joe, SHUT UP and let your guests speak!!!!
The worst
"insensitive" = cares about themselves and their rich oligarch pals
Overall, 51% of traders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.
impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
Laila artine kassardjian' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Typical “rich guy” talk about how everything’s great and inflation having gone up 30% is no big deal. We need to tax these elitists 30% more and see if he still thinks it’s no big deal.
I see the rising interest rate as a very big problem, as more investors will definitely pull out more money from the Stock market. This might have worked when I was still invest-ing with a couple thousand dollars, but it is more difficult now to decide whether to pull out more than $365k from my port-folio. I know some inves-tors still make that despite the strong bear market. In wish I could pull that feat
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch if you don't mind
Joe should retire, he can't even speak properly anymore. He is way past retirement age. And he doesn't even let the guest speaks. The poor guest has to fight to get his words heard and keep getting interrupted.
Steve, one of the smartest guys on Wall Street.
Joe should talk less when the smart people are talking
It is interesting that no guest will say the obvious. The stock market is up because of runaway government spending, it is not AI or productivity gains. The real question is what will happen to the stock market if the US deficient gets to 3-4% of GDP.
"The stock market is up because of runaway government spending."?
What are you talking about? How does government spending make stocks go up?
@@ClearOutSamskaras when the government gives huge contracts to Microsoft, amazon and defense companies that flows into their earnings. Increased earnings leads to increased stock prices.
No rate cuts in an election year.. no chance.
Joe will always find something to complain about while loving the sound of his own voice...
This guy will continue to not get calls on his opinion.
Clearly nothing like his movie fantasy character. Completely out of touch with the “little guy” on Main Street that his character pretended to care so much about.
I'm so tired of living paycheck to paycheck. Does anyone have any tips on how to start building wealth?
I totally feel you! I used to be in the same situation. But then I started educating myself on personal finance and investing. It's amazing how much of a difference it can make. Have you considered diversifying your portfolio or creating a budget that actually works for you?
Yeah, I've tried budgeting before but it never seems to stick. And investing is so overwhelming! I don't know where to start. Do you have any recommendations for good resources or advisors?
Actually, I've had great experiences with financial advisors who take a holistic approach to wealth management. They can help you create a customized plan that fits your goals and risk tolerance.
I've heard great things about Kristin Amy Rose
Wow, thanks for the rec! I'll definitely look into Kristin Amy Rose. It's so refreshing to hear about a financial advisor who actually cares about helping people achieve their goals. I'll have to reach out to her and see how she can help me start building wealth hopefully she has a web presence that I can look up
There is an incredible return on infrastructure investment. The feds need to keep interest rates up so that when a recession does hit they have the power to lower interest rates. It's their #1 defense against recession.
The bonds vs stocks via interest rates dynamic is just not relavant because everything is just cruising along at mild rates, so it doesnt matter, and so why change the rates?
This is the most clear as day distinction between Wall Street mega-millionaires and normal everyday people.
“But inflation is still around at like 30%”
“Eh yeah but we’re fine”
“People are struggling to pay for groceries”
“Yeah, but the economy’s fine”
“Fine for rich people like us maybe”
“Nah, everyone’s fine. Wages are up, they should be happy!”
Completely agree..No fed rate cuts..I talked about the Federal reserve's last meeting and inflation on my channel 2 weeks ago and give current updates
The guest has it wrong. He said he is not calling for deflation
I am and here is why. If the Fed is claiming their 2% inflation target is both the goal and one the two dual mandates than we must have deflation for awhile. We we were running with high inflation during part of 2021 all of 2022 and.part of 2023. The Fed started hiking to late by their own admission. Therefore we need deflation for a 12-18 months or so to average the 2% looking back over the last two years. If not than we allow for high inflation and create new permanent high price hikes on things like rent, house prices, food, car sales etc etc If the Fed just focuses on a 2% target going forward without correcting for its own mistakes than the 2% target is bogus and the people get burned with permanent new higher costs over a short time frame. Essentially, what we need is a single mandate
Stable prices, low or no inflation, strong dollar policy. Prices going up will be a by product of supply and demand in the private marketplace
If I was a Judge . . . Joe gets called out for 'leading the witness' (doesn't work with Steve), Becky is both beautiful and smart , MSNBC awaits Andrew's introduction
News Flash! Billionaire not affected by price of eggs doubling in 3 years.
The cost of things generally go up a bit every 5 years so it’s possible to say that the inflation we have experienced is a normal rate of exposure.
2:20 "has anything bad happened, nothing bad has happened" I mean apart from the fact people are losing their houses because they can't afford their mortgages any more. Apart from the fact young people's hope of buying a home has gone from slim to near impossible. Yeah, this guy doesn't live in the real world.
Dive further into the rabbit hole beyond inflation to find what most non elitist people are angry at...and you will find a general dissatisfaction about many things. Truth is that inflation's just one statistic. Our media today continues to push a narrative that we should all shut up and take what we're given and be happy about it. Eisman once took time to visit Florida housing developments during the 08 market collapse to confirm his thesis...maybe he should get off the couch and do something similar this time.
Many of you are criticizing Eisman for saying the economy is doing well and therefore the Fed shouldn't lower rates. You point to the inflation you've personally experienced. Okay, but lowering rates - what Eisman is arguing against - would make inflation worse, not better. So if you're concerned about inflation you should be on Eisman's side here!
I think many of you are reading too much politically into this discussion, so much so that you don't realize that Eisman is arguing for a more hawkish position against inflation than the status quo, not a more dovish one. I think Eisman should have asked Joe...."Ummm, are you saying the Fed should lower rates? If you're concerned about inflation that makes no sense."
These people can't see outside their bubble. It's amazing
"The Economy is Fine" -- Steve Eisman
What hole is Eisman living in?
rate cuts would mean higher inflation, more credit card debt, and savings losing purchasing power. lower borrowing costs would also mean more cheap robots / ai replacing jobs, which is deflationary. It's not ideal, but the economy is fine. people living in a bubble are mainly the ones complaining that it's not. Why wouldn't they want rate cuts if not to continue living in one?
Over a decade of free or cheap money brought out the most irresponsible financial habits of most people.
Sorry....but low rates are not the norm. The rates we have now are, marginally, higher than before 2008. Remember that.
It is your poor financial decisions that got you in to the mess you're in now. Not the markets, not rates, not ABC.....it was YOUR choices.
I’ll like to see a debate with Joe Scarborough MSNBC vs Joe Kernen CNBC About politics
congrats you are the only person on planet earth who wants that
One reason to cut can be real rates are too high on historical basis... 5.5% rates with inflation at 2.5% don't make sense. Now, before they cut rates they have to make sure inflation is stable at least around 2.5%... and going to 2% next year, otherwise better not to cut because then they'll have to rise again next year. A better move would be beginning with yield curve control (YCC), say put a ceiling of 4.5%/5% or whatever number is appropriate on the 10-year, to control excessive long-term debt costs and let fed fund rates at 5.5% to make sure inflation does not pick up.
Recession is needed ASAP
You have a short position?
@kosta1987
First thing I thought of 😂
100% Agreed! It will happen come suddenly out of nowhere and it will be long and deep.
.... one wealthy guy in the room is seeing it from the perspective of the average person, the others are fighting tooth and nail that everything is fine, things are pretty good, yes the average person had less purchasing power and wage increases haven't kept up with inflation, but we've benefited from it because we own the businesses that have been little effected and much rewarded.
How economy is fine, when we have highest ever DEBT which is growing rapidly ..,
If you want a discription of how the top 5% of companies and fund managers think of the economy this is for you. The rest of us are delusional and should accept, shut up and be happy that they are OK. Steve has it right its not ok out in the REAL world.
Yes, you can't have everything. For example, you can't have a fiscal spending manufactured economy without hurting the middle class.
Uh.. why should they cut rates? Because they are anticipatory not reactionary? That would be a start ..
Steve says wait for the data to get weak there's no weak data maybe he needs to reconsider that the data is fake
Inflation is really 10-20% but as it's all political now they lie
I agree with Eisman that rates should not be cut. However, since he lives in a big old money bubble, he is clueless about how inflation is hurting those who aren't as fortunate.
I love how Steve has to take multiple moments here and there to stare into Joe's soul.
Inflation is drastically down and the economy is great. I wouldn't lower rates. We're creating much healthier business operations without free money so that when the free money returns, it can actually go to real innovation.
Average working young couples are still being eaten alive with high rents as they save for home purchase when the rates go down in a few years.Retired people are having a hard time to make retirement savings last. Massive poverty in 10 years
Commodities are rising sharply so the Fed should raise rates. Inflation is too high.
Newsflash CNBC and guest: today's American prosperity is BORROWED prosperity.
But higher interest rates push up prices in the first place, no?
Interesting compared with this week. He is a very interesting person who is slightly off step from others in his way of thinking - and it
for better and worse carries over into his business analysis.He may be right and ultimately Greenspan took his advise ,( slighly less extreme).
This is how an adult treats 5 year olds
Inflation is inevitable. As the USA disrupts economies and shipping around the World there will only be more disruption of supply changes. As the USA seeks to cut off China there will only be much less affordable products. I needed a new seat belt for my truck. It took 9 weeks to get that part. A electric window control switch takes 90 days to get. One shop told me a person’s car is sitting in their lot 5 months waiting for a late model Chevy turbo. There are vehicles piled up at dealerships waiting for parts to repair the trucks, owners vehicles sitting on lots waiting. China, Russia, and BRICS are thriving compared to the USA.
Yeah, they are definitely not Thriving, my guy. Your issues are what is called a High End Problem.
Interesting, I figured GM used mostly domestic parts, but I guess they couldn't compete up to this point if they did?
BRICS is complete trash. WTF are you smokin..
Yes I agree! Fed has been so weak makes me sick
The American “dream” is shape shifting big time. Consumers will have to optimize their choices on every level and focus on long term security. Boats might not be rocking in this election year environment, but the tide is definitely going out.
I was paying 11% int on home loan in ‘81 The rates now are not too bad, the 0% was dumb, and does anyone think if int rates go down to say 4% grocery vendors all of them will lower their prices really ?? Hahaha no way Jose
On average, wages for lower income folks have actually been increasing at faster than the rate of inflation.
Out of touch for sure
The value of the dollar has dropped 25% in the last 4 years. So, saying the wages have gone up and the economy is good is so misleading. The truth is the only way to protect yourself is to buy assets that are scarce or limited like real estate, gold, some tech stocks, or Bitcoin. I personally speculate that BTC is the lowest Risk, highest Reward now that the ETF has proven so successful. Obviously, wall street agrees.