He’s not close. The national debt was less than 40% of GDP when Volcker had to raise rates to 20% plus to beat inflation. Now in just the last four years that debt is up 50% to 130+% of GDP. Like almost everyone else Ed doesn’t seem to understand this inflation is structural . Everything is going to reset painfully .
Yardeni is very knowledgeable about the energy market. But his reasoning for macro allocation make little sense. It's not a good idea to find an expert in one area and expect them to be knowledgeable in all areas. Be careful.
Gold is at $1900. Markets are approaching lows of 2 years ago. US Government now has $30 TRILLION in debt - first country in history. This channel is paid for buy stock investors. ADD THAT ALL UP
How will transforming from gasoline powered cars to electric cars help economic growth.An electric car doesn’t have a big engine block or crankshafts or camshafts or ignition systems and mufflers etc not to mention the need for basically zero motor oil in an electric motor.All. those companies making old tech will disappear so how will that help economic growth?
A market pullback against a rising economy is buying opportunity. If you look at quarterly chart of Dollar index and attach 20 and 50 period of moving avg, you will see that the economy is on its uptrend and not at the late stage of this trend. Back in the period of 2003~2008, stock market was up against a declining 20 and 50 moving avg on this chart, meaning against a declining economy, stock market crashed in 2008, but this is not the case in the relationship of current stock market with its underlying economy.
Yardeni is getting hammered lately. Nearly all of these guys are correct for a period of time and then get hammered. Buffet is one of the only ones that has been consistantly correct for the most part.
I especially like his answer on US debt. Summarizing: "Aren´t you worried on th level of US debt public and private? No. Why? Because it is worse elsewhere!" Great answer! I feel better now...
As long as it's worse elsewhere, at least the dollar will remain strong outside. I'm German and our ECB keeps printing money happily and is less courageous in raising interest rates. So I bought PRU and UNM, set to benefit from rising interest AND, from my point of view, a rising USD.
@@notroll1279 If I were you I would be worried for the Euro and the Dollar in the medium/long term. Short term, you are probably right, especially if Grantham is right!
With the amount debt we have, any increase in interest rates is catastrophic. There are a lot of speculators in real estate and the stock market. Good grief. Margin debt is up 42% and close to 24% of real estate is paid with cash due to big funded speculators.
I agree that the market is overreacting and we will see a big swing up in the second half of the year when inflation starts to descend. Great show and knowledgeable, reasonable guests.
Well, I appreciate the honest comments, you have look at prices and earnings. Who will want to step up and buy real estate, stocks, or commodities at these levels? Answer, nobody!
remember it's the business man the owners that being's the prices up, it's called greed, go taxes the federal reserve bank! you're make everything back and more! that's what they say on youtube!
The Fed is way behind the curve on inflation and it's going to get worse before it gets better. In whatever form/shape "Volker 2.0" happens, it'll be at a time when the markets are least able to digest it. Grantham doesn't have perfect timing but this bubble call will be one final big win under his belt before his retirement.
Grantham is talking Super Bubble, but says correction to $2500 SNP (being a bit generous) That just does not make sense When a super bubble burst's the minimum retrace is 80%. That would mean SNP 500 well and truly below 1000 I think Grantham is dead wrong as usual, 50% drop just does not make sense to me.
Please invite this guy in a few months...
That would be an interesting interview!
Don't see a super-bubble? Sounds super naive or disingenuous 🙄.
He’s not close. The national debt was less than 40% of GDP when Volcker had to raise rates to 20% plus to beat inflation. Now in just the last four years that debt is up 50% to 130+% of GDP. Like almost everyone else Ed doesn’t seem to understand this inflation is structural . Everything is going to reset painfully .
Best wishes Dr Ed! This is a man with clear vision. Excellent track record over many decades. He's not always right but he's always close.
Good to know this! Thank you for this insight. Hope he is right and Grantham is wrong. :)
The rising stock market is a measure of the wealth being sucked out of the real economy for the benefit of the rentier oligarchy.
Yardeni is very knowledgeable about the energy market. But his reasoning for macro allocation make little sense. It's not a good idea to find an expert in one area and expect them to be knowledgeable in all areas. Be careful.
Ed's opinions appear very similar to Tom Lee of Fundstrat.
Must have been Prerecorded.
Thank you for the balanced view. Without the drama. 👍
Sure Ed, all the news is good...what is good about it?
All I can say is wow. Typical mm b.s
I have ZERO confidence in this guy’s opinion.
Gold is at $1900.
Markets are approaching lows of 2 years ago.
US Government now has $30 TRILLION in debt - first country in history.
This channel is paid for buy stock investors. ADD THAT ALL UP
Yardeni is a perma-bull. Aside from Grantham nobody on Wall Street has advised to lower portfolio risk because it is bad for business.
Productivity is due to technology ( not more jobs, technology is replacing jobs).
The real value of these interviews is to listen to them again after a month...3 months. They are on the money 💰!!!!
SHORT EVERYTHING THIS GUY HAS TOUCHED.
why
@@py8130 He's not in touch with reality. Had you listened to me and shorted, you'd be up 20%
Counselo and Yardini are paid by 4 stock investment companies for this message of bs
which companies?
How will transforming from gasoline powered cars to electric cars help economic growth.An electric car doesn’t have a big engine block or crankshafts or camshafts or ignition systems and mufflers etc not to mention the need for basically zero motor oil in an electric motor.All. those companies making old tech will disappear so how will that help economic growth?
A market pullback against a rising economy is buying opportunity. If you look at quarterly chart of Dollar index and attach 20 and 50 period of moving avg, you will see that the economy is on its uptrend and not at the late stage of this trend.
Back in the period of 2003~2008, stock market was up against a declining 20 and 50 moving avg on this chart, meaning against a declining economy, stock market crashed in 2008, but this is not the case in the relationship of current stock market with its underlying economy.
Yardeni is getting hammered lately. Nearly all of these guys are correct for a period of time and then get hammered. Buffet is one of the only ones that has been consistantly correct for the most part.
The Buffet magic has been gone for years and years.
I just shake my head...
what will autonomous vehicles do?
Drive??
What is he smoking ?
I was thinking the same thing.
Ed is like geez-Louise enough already with all the headwind
I especially like his answer on US debt. Summarizing: "Aren´t you worried on th level of US debt public and private? No. Why? Because it is worse elsewhere!" Great answer! I feel better now...
The global recession and global pandemic will tell you we can go down as others do
As long as it's worse elsewhere, at least the dollar will remain strong outside.
I'm German and our ECB keeps printing money happily and is less courageous in raising interest rates. So I bought PRU and UNM, set to benefit from rising interest AND, from my point of view, a rising USD.
@@notroll1279 If I were you I would be worried for the Euro and the Dollar in the medium/long term. Short term, you are probably right, especially if Grantham is right!
@@blanket1309 you know, I was sarcastic...
America crossed $30 TRILLION IN DEBT and first country in history to do so
👌👏👏👏👏👏👏👏💪🤞✌🏻
👌Where to allocate your investment: USA vs world?
70% domestic and 30% international (10% Europe, 10% Asia Pacific and 10% rest of the world ).
Economists still cannot predict the turning point.
With the amount debt we have, any increase in interest rates is catastrophic. There are a lot of speculators in real estate and the stock market. Good grief. Margin debt is up 42% and close to 24% of real estate is paid with cash due to big funded speculators.
I agree that the market is overreacting and we will see a big swing up in the second half of the year when inflation starts to descend. Great show and knowledgeable, reasonable guests.
Ed’s a great guy.
Analyst said that US inflation is a market opportunity to buy crypto during this 1st quarter. I buy more on Ardano, Gala, and GXC..
Well, I appreciate the honest comments, you have look at prices and earnings. Who will want to step up and buy real estate, stocks, or commodities at these levels? Answer, nobody!
remember it's the business man the owners that being's the prices up, it's called greed, go taxes the federal reserve bank! you're make everything back and more! that's what they say on youtube!
Yardeni is the best on”Wall Street”
Thanks for providing information versus selling drama or news.
The Fed is way behind the curve on inflation and it's going to get worse before it gets better. In whatever form/shape "Volker 2.0" happens, it'll be at a time when the markets are least able to digest it. Grantham doesn't have perfect timing but this bubble call will be one final big win under his belt before his retirement.
Have not heard an interview I could agree more with!! Great performance!! Thank you very much!!
Grantham is talking Super Bubble, but says correction to $2500 SNP (being a bit generous)
That just does not make sense
When a super bubble burst's the minimum retrace is 80%.
That would mean SNP 500 well and truly below 1000
I think Grantham is dead wrong as usual, 50% drop just does not make sense to me.
The elevator is on the way down now.