Would that it were so,.. 8:40. The Fed didn't give us an inflation rate of 9%. The utter irresponsible, nay actually criminal fiscal and policy abuse of the the senile ole joe admin and the demcorats did when; the very first day senile ole joe took office he shut down the XL pipeline and waged his insane war and attacks in shutting down the fossil fuel industry, the life blood of the economy, kicking off the inflation spiral,. and then he/they,.. threw inflationary fuel on the inflation fire with several trillion dollars of unneccessary anti free market farleftliberal pork policies and associated deficit spending to pay back demcorat donors and buy demcorat votes,.... when the economy was already growing at 6% and inflation was under 2% when Trump left office. 8:58 Great qustion Mr. Oakley,.. you're exactly right. The Fed can only react to the policiticians' abysmal fiscal policy with the few monetary tools it has. The Fed can't drill for oil,... or step into fix the supply chain crisis when senile ole joe's secretary of supply chains decides to put America on the back burner when it needs him most to take an unprecedented 2 month tax payer funded maternity leave to help his husband breast feed their new babypedofilevictim. And unfortunately,.. Powell can't put agunto senile ole joe's head and say,.. "look dumbash,.. stop with the insane deficit spending your destroying the dollar and the economy". So because lacy got this very simple concept wrong,.. there's no use listening to the rest of what will probably be a montage of him blaming the Fed for all of our economic woes and giving the MMT believing demcorats a huge pass. That's dishonest and unacceptable so am not going to sit through the rest of,.. what I was hoping would be a good an accurate video on the subject.
exceptional brilliance is out there you just need to look and gleam it from the junk advice. Dr. Hunt is one of those bright minds you can't afford to ignore
Two of my favorite finance/economics people I know in conversation. Ted: excellent interview style - of course all you had to do is let Lacy Hunt take off. It doesn't get better than this, and very timely. Thanks.
Incredible conversation between real gentlemen. Dr Hunt is a master at explaining his craft and his view. No stone left unturned 🧐 Bravo 👏👏 👏 great interview
This podcast was incredibly informative. Every member of congress and the president should have to watch this monthly. The political class has failed the American people
Would that it were so,.. 8:40. The Fed didn't give us an inflation rate of 9%. The utter irresponsible, nay actually criminal fiscal and policy abuse of the the senile ole joe admin and the demcorats did when; the very first day senile ole joe took office he shut down the XL pipeline and waged his insane war and attacks in shutting down the fossil fuel industry, the life blood of the economy, kicking off the inflation spiral,. and then he/they,.. threw inflationary fuel on the inflation fire with several trillion dollars of unneccessary anti free market farleftliberal pork policies and associated deficit spending to pay back demcorat donors and buy demcorat votes,.... when the economy was already growing at 6% and inflation was under 2% when Trump left office. 8:58 Great qustion Mr. Oakley,.. you're exactly right. The Fed can only react to the politicians' abysmal fiscal policy with the few monetary tools it has. The Fed can't drill for oil,... or step into fix the supply chain crisis when senile ole joe's secretary of supply chains decides to put America on the back burner when it needs him most to take an unprecedented 2 month tax payer funded maternity leave to help his husband breast feed their new babypedofilevictim. And unfortunately,.. Powell can't put agunto senile ole joe's head and say,.. "look dumbash,.. stop with the insane deficit spending your destroying the dollar and the economy". So because lacy got this very simple concept wrong,.. there's no use listening to the rest of what will probably be a montage of him blaming the Fed for all of our economic woes and giving the MMT believing demcorats a huge pass. That's dishonest and unacceptable so am not going to sit through the rest of,.. what I was hoping would be a good an accurate video on the subject.
Your assumption is that members of Congress would do this job honestly, not to line their own pocket or put in place idiotic policies 🤡 which have been proven wrong since at least 5000 years 🧐 Better have an enlightened group of people than a bunch of piggies running the farm in the name of "democracy"
the information contained in this presentation is comprehensive and significant for the well-being of our future. my only caveat is that it does not take into account the economic disruptions caused by war and trade restrictions, both of which have a measureable impact on our future economic activity.
In this episode Dr Hunt references the economist Dr Ingrid Rima ( a professor at Temple University) who I assume he met in Philadelphia during his stint at Fidelity Bank? Almost 50 years ago I had Dr Rima in 2 undergraduate courses for which she had written the textbooks that we used. To this day I remember her explaining a complex theory by referring to a food ad in a recent newspaper. I forget the exact point but she pointed out the economics of buying the porterhouse steak on sale and converting the meat on one side of the bone to a filet and the other side to a New York strip. Finally, she used the bone to make bone broth. To this day I remember her vividly!!!
So her books were about cooking? Kidding. On this video,.. 8:40. The Fed didn't give us an inflation rate of 9%. The utter irresponsible, nay actually criminal fiscal and policy abuse of the the senile ole joe admin and the demcorats did when; the very first day senile ole joe took office he shut down the XL pipeline and waged his insane war and attacks in shutting down the fossil fuel industry, the life blood of the economy, kicking off the inflation spiral,. and then he/they,.. threw inflationary fuel on the inflation fire with several trillion dollars of unneccessary anti free market farleftliberal pork policies and associated deficit spending to pay back demcorat donors and buy demcorat votes,.... when the economy was already growing at 6% and inflation was under 2% when Trump left office. 8:58 Great qustion Mr. Oakley,.. you're exactly right. The Fed can only react to the policiticians' abysmal fiscal policy with the few monetary tools it has. The Fed can't drill for oil,... or step into fix the supply chain crisis when senile ole joe's secretary of supply chains decides to put America on the back burner when it needs him most to take an unprecedented 2 month tax payer funded maternity leave to help his husband breast feed their new babypedofilevictim. And unfortunately,.. Powell can't put agunto senile ole joe's head and say,.. "look dumbash,.. stop with the insane deficit spending your destroying the dollar and the economy". So because lacy got this very simple concept wrong,.. there's no use listening to the rest of what will probably be a montage of him blaming the Fed for all of our economic woes and giving the MMT believing demcorats a huge pass. That's dishonest and unacceptable so am not going to sit through the rest of,.. what I was hoping would be a good an accurate video on the subject.
Lacy highlights the primary variables in financial and economic cycles, which is risk, loss aversion, and risk management. This places human behavior at the center of the puzzle within the context of risk and uncertainty. These uncertainties result from market related imbalances but also from policy actions and mistakes. Risk theory is fairly straight forward: debt leverage destabilizes, increasing risk and fragility; diversification and risk sharing through equity helps stabilize and manage the inherent risks of uncertainty. Our policymakers fail to appreciate these incontrovertible theoretical and natural relationships. Don't mess with Mother Nature, which is the natural rate of interest. It's like they want to relaunch the Titanic and force us all to go down with the ship.
He's been so right about inflation that I am running out of money for the last 5 years he's been saying we are in deflation. Legend term a little bit overused.
Love listening to Dr. Hunt. 50+ years experience so has seen all types of economic conditions. Be curious if he has any views on how AI would impact GDP and labor markets. Most interesting chart was at 47:33 when he showed historical loan default rates. Student loan defaults were almost 10% pre-pandemic and now they are around 1% with all the forbearance. It looks like as part of the debt ceiling deal payments need to start being made again 60 days after deal is signed. Curious how that impacts economy.
Everyone knows that 31 trillion is too much to be paid. Even the interest on that is huge. But the Uniparty in D.C. has to raise the debt ceiling in order to spend money on our 51st state (Ukraine) and 52nd state (illegal immigrants).
Exactly. 8:40. The Fed didn't give us an inflation rate of 9%. The utter irresponsible, nay actually criminal fiscal and policy abuse of the the senile ole joe admin and the demcorats did when; the very first day senile ole joe took office he shut down the XL pipeline and waged his insane war and attacks in shutting down the fossil fuel industry, the life blood of the economy, kicking off the inflation spiral,. and then he/they,.. threw inflationary fuel on the inflation fire with several trillion dollars of unneccessary anti free market farleftliberal pork policies and associated deficit spending to pay back demcorat donors and buy demcorat votes,.... when the economy was already growing at 6% and inflation was under 2% when Trump left office. 8:58 Great qustion Mr. Oakley,.. you're exactly right. The Fed can only react to the policiticians' abysmal fiscal policy with the few monetary tools it has. The Fed can't drill for oil,... or step into fix the supply chain crisis when senile ole joe's secretary of supply chains decides to put America on the back burner when it needs him most to take an unprecedented 2 month tax payer funded maternity leave to help his husband breast feed their new babypedofilevictim. And unfortunately,.. Powell can't put agunto senile ole joe's head and say,.. "look dumbash,.. stop with the insane deficit spending your destroying the dollar and the economy". So because lacy got this very simple concept wrong,.. there's no use listening to the rest of what will probably be a montage of him blaming the Fed for all of our economic woes and giving the MMT believing demcorats a huge pass. That's dishonest and unacceptable so am not going to sit through the rest of,.. what I was hoping would be a good an accurate video on the subject.
Great presentation, but what does this all mean for investments now? Recession still isn't here and people are out spending and traveling. Not seeing it yet.
Did Dr Lacy misspeak on the social security statistic (@ 44 min in) "that only 11 percent of retirees have additional income"? I believe the case is 11 percent of retirees rely on SS for most (90 percent) of their income. Thus, 89 percent have some significant income beyond SS.
Most of the problems laid out have as a solution the one solution we cannot (or will not) provide: Children. Any business that wishes to not only survive but grow, needs an increasing customer base. That’s 101 business practice. It’s also 101 Government growth - like receiving more and more taxes. One can only squeeze a turnip so much until the blood diminishes. If a country refuses to repopulate (for whatever reason) there are only 2 possibilities: It dies out, or it repopulates via alternative measures. The First is unpleasant. The Second is unpleasant too but less so: The Solution is to Import People. Preferably young people who Will and Can produce children. Now you know Why Open Borders May be a reason Why it’s happening. I’m sure China and Japan would love people flocking there. Fortunately for us they are for the present coming here. Cheerio.
It seems like the % change is indeed negative for many of these indicators, but M2, CPI, and other factors are still well above their historical trends.
Would that it were so,.. 8:40. The Fed didn't give us an inflation rate of 9%. The utter irresponsible, nay actually criminal fiscal and policy abuse of the the senile ole joe admin and the demcorats did when; the very first day senile ole joe took office he shut down the XL pipeline and waged his insane war and attacks in shutting down the fossil fuel industry, the life blood of the economy, kicking off the inflation spiral,. and then he/they,.. threw inflationary fuel on the inflation fire with several trillion dollars of unneccessary anti free market farleftliberal pork policies and associated deficit spending to pay back demcorat donors and buy demcorat votes,.... when the economy was already growing at 6% and inflation was under 2% when Trump left office. 8:58 Great qustion Mr. Oakley,.. you're exactly right. The Fed can only react to the policiticians' abysmal fiscal policy with the few monetary tools it has. The Fed can't drill for oil,... or step into fix the supply chain crisis when senile ole joe's secretary of supply chains decides to put America on the back burner when it needs him most to take an unprecedented 2 month tax payer funded maternity leave to help his husband breast feed their new babypedofilevictim. And unfortunately,.. Powell can't put agunto senile ole joe's head and say,.. "look dumbash,.. stop with the insane deficit spending your destroying the dollar and the economy". So because lacy got this very simple concept wrong,.. there's no use listening to the rest of what will probably be a montage of him blaming the Fed for all of our economic woes and giving the MMT believing demcorats a huge pass. That's dishonest and unacceptable so am not going to sit through the rest of,.. what I was hoping would be a good an accurate video on the subject.
Lacy, use the paper industry as a further measure of what is going on. brown paper production leads the downturn by 6 months. no purchases = no manufacture = no need for boxes.
8:40. The Fed didn't give us an inflation rate of 9%. The utter irresponsible, nay actually criminal fiscal and policy abuse of the the senile ole joe admin and the demcorats did when; the very first day senile ole joe took office he shut down the XL pipeline and waged his insane war and attacks in shutting down the fossil fuel industry, the life blood of the economy, kicking off the inflation spiral,. and then he/they,.. threw inflationary fuel on the inflation fire with several trillion dollars of unneccessary anti free market farleftliberal pork policies and associated deficit spending to pay back demcorat donors and buy demcorat votes,.... when the economy was already growing at 6% and inflation was under 2% when Trump left office. 8:58 Great qustion Mr. Oakley,.. you're exactly right. The Fed can only react to the policiticians' abysmal fiscal policy with the few monetary tools it has. The Fed can't drill for oil,... or step into fix the supply chain crisis when senile ole joe's secretary of supply chains decides to put America on the back burner when it needs him most to take an unprecedented 2 month tax payer funded maternity leave to help his husband breast feed their new babypedofilevictim. And unfortunately,.. Powell can't put agunto senile ole joe's head and say,.. "look dumbash,.. stop with the insane deficit spending your destroying the dollar and the economy". So because lacy got this very simple concept wrong,.. there's no use listening to the rest of what will probably be a montage of him blaming the Fed for all of our economic woes and giving the MMT believing demcorats a huge pass. That's dishonest and unacceptable so am not going to sit through the rest of,.. what I was hoping would be a good an accurate video on the subject.
Dr Hunt is great. However he doesn't realize that the loose monetary policy was necessary in order to maintain ever growing oil production (hence maintaining ever growing GDP and our current civilization). Debt facilitated what would otherwise be unprofitable shale oil. US shale oil accounted for about 80-90% of the world's oil production growth after the 2008 GFC while the rest of the world remained pretty much flat.
Would that it were so,.. Oil didn't need the Fed to survive. Oil did fine long before ZIRP. Alternatives needed it (and $7500 per car tax credits,),. and for sure these new profitless tech zombie companies. but fossil fuels are the life blood of any industrial economy. When left to the free market, it's am innovative cheap source of reliable efficient healthy plant food spewing energy. senile ole joe shutting down the fossil fuel industry is what caused oil prices and therefore inflation to rise and the destructin of the economy.. On the video. 8:40. The Fed didn't give us an inflation rate of 9%. The utter irresponsible, nay actually criminal fiscal and policy abuse of the the senile ole joe admin and the demcorats did when; the very first day senile ole joe took office he shut down the XL pipeline and waged his insane war and attacks in shutting down the fossil fuel industry, the life blood of the economy, kicking off the inflation spiral,. and then he/they,.. threw inflationary fuel on the inflation fire with several trillion dollars of unneccessary anti free market farleftliberal pork policies and associated deficit spending to pay back demcorat donors and buy demcorat votes,.... when the economy was already growing at 6% and inflation was under 2% when Trump left office. 8:58 Great qustion Mr. Oakley,.. you're exactly right. The Fed can only react to the policiticians' abysmal fiscal policy with the few monetary tools it has. The Fed can't drill for oil,... or step into fix the supply chain crisis when senile ole joe's secretary of supply chains decides to put America on the back burner when it needs him most to take an unprecedented 2 month tax payer funded maternity leave to help his husband breast feed their new babypedofilevictim. And unfortunately,.. Powell can't put agunto senile ole joe's head and say,.. "look dumbash,.. stop with the insane deficit spending your destroying the dollar and the economy". So because lacy got this very simple concept wrong,.. there's no use listening to the rest of what will probably be a montage of him blaming the Fed for all of our economic woes and giving the MMT believing demcorats a huge pass. That's dishonest and unacceptable so am not going to sit through the rest of,.. what I was hoping would be a good an accurate video on the subject.
The only item I disagree with is the conclusion on demographics. We have migrants in the millions and a good percentage are having babies. Maybe look up the sale of baby carriages and other baby items. You might be surprised.
Agree...to a certain extent. I am very suspicious as to the Why in open borders, which in effect we have. I have a sneaking suspicion that the Demographic breakdown is reason behind this. We are importing the most valuable resource in the world: People. Yes there are the objections that these people are in the main unskilled labor, perhaps initially unproductive costs to the country. But they will produce children, which over a few decades will (or should) contribute to the sustainability of the economy. They are in effect the children we didn’t provide. And for a country to Survive, one MUST have replacement population. China; Japan; much of Europe, are dying. In 20 or so years they will diminish. Perhaps some here in the USA are attempting to mitigate this inevitable decline by taking in other countries young. I don’t see too many cripples and old crossing those borders. They are young. And we need them. We only (if we object to this) have ourselves to blame. Not producing children has consequences. And the consequences are intolerant of opinion.
@@johnbirman5840 I hear you, and agree as to the long term goal. What I was saying is let’s stop pretending we have a problem with not enough workers. Besides tens of millions of migrants, we have a million legal immigrants per year, work visas and highly skilled workers, like programmers working by internet. We also have companies with offices outside our country. You don’t see old people crossing, but once a person gets established, they send for relatives. You are an intelligent person. I’m not going to argue with you, so I will state my views and be done with it: a taboo subject for sure: we are supposed to be a Democratic Republic. We are supposed to vote on policies, not have unelected officials decide for US. We The People are not in charge. The problem with illegal immigration is there is no filter to keep out the sick, mentally ill, and worst of all, CRIMINALS! Look at your neighborhood app and see the crime. No one dare mention it. Do you think a criminal would rather stay in their country or come to the USA, a first world country- for now- with all the easy pickings. You can even steal without punishment. Come to America. If our country needs people, then let citizens decide, to increase the numbers and parameters for citizenship. We already take in more than any other country - a million legally per year. If we need citizens for our future, create tax laws to incentivize the development of families. I don’t have a platform for expanding my views, but at least think creatively. Illegal immigration isn’t the answer for a more productive and safer country. We are also importing the elderly parents who get social security and Medicare. Don’t take my word for it. Go to a local skilled nursing facility and a social security office. They may not be crossing the border but they are arriving. I don’t blame the people who come here. Would not most of us do the same? I’m blaming the people who are supposed to represent CITIZENS. Don’t forget the vast numbers of healthy people on social programs who have become soft or lost and ineffective. Drug addiction, mental illness. We have complex problems that are being covered over. The curse of our government being able to borrow and spend, so wastefully, is making problems beyond imagination. I might add, that we have FREELY CHOSEN to abort by choice, some 60 million (likely more) potential children. Considering a vast number would have had children, whom would have birthed children, many millions of children. It would be interesting to understand the potential exponential number of people would have been born. Just saying, sad when one thinks about it. Have a great day and thank you for your comment. Hopefully, I won’t be kicked off TH-cam or be put on a government black list for having my own opinion.
I didn't listen to what he said on demographics,... but I agree economie need populations to increase to help growth,,... but not through OPEN mexican drug cartel controlled border,.. that only brings in the dregs of society,. the uneducated, the poor, the criminals, childabusers thesexslave industry, the drugs, theterorists..the welfare dependents. We have or had an immigraiton policy to increase populaton with educated, productive ready to do high value work people,.. but they have to get to the end of the line behind all of the illegal dregs of the worlds societies,.. aka future demcorat voters. On the video,.. 8:40. The Fed didn't give us an inflation rate of 9%. The utter irresponsible, nay actually criminal fiscal and policy abuse of the the senile ole joe admin and the demcorats did when; the very first day senile ole joe took office he shut down the XL pipeline and waged his insane war and attacks in shutting down the fossil fuel industry, the life blood of the economy, kicking off the inflation spiral,. and then he/they,.. threw inflationary fuel on the inflation fire with several trillion dollars of unneccessary anti free market farleftliberal pork policies and associated deficit spending to pay back demcorat donors and buy demcorat votes,.... when the economy was already growing at 6% and inflation was under 2% when Trump left office. 8:58 Great qustion Mr. Oakley,.. you're exactly right. The Fed can only react to the policiticians' abysmal fiscal policy with the few monetary tools it has. The Fed can't drill for oil,... or step into fix the supply chain crisis when senile ole joe's secretary of supply chains decides to put America on the back burner when it needs him most to take an unprecedented 2 month tax payer funded maternity leave to help his husband breast feed their new babypedofilevictim. And unfortunately,.. Powell can't put agunto senile ole joe's head and say,.. "look dumbash,.. stop with the insane deficit spending your destroying the dollar and the economy". So because lacy got this very simple concept wrong,.. there's no use listening to the rest of what will probably be a montage of him blaming the Fed for all of our economic woes and giving the MMT believing demcorats a huge pass. That's dishonest and unacceptable so am not going to sit through the rest of,.. what I was hoping would be a good an accurate video on the subject.
Put it simply, if you can't afford the nest, how are you gonna lay the eggs with chicks? Incumbent governments are more interested in keeping the status quo than to allow the debt bubble to blow up.
For your american reading pleasure; 私はいつも知っていました、そしてここにその証拠があります。 アメリカは日本や韓国のような属国が独自のルールを作るよう主張し続けている。 米国軍関係者はこう言います。 日本、韓国はアメリカが自国の領土で彼らを守って欲しい、アメリカは去りたがっているが、これらの国々はアメリカに留まって守って欲しいと思っている…私は日本に残る…そしてこれが偽善的な軍事拡張主義者の嘘であることはわかっている…聞いたことがありますか ストックホルム症候群では、被占領者たちは洗脳されて自分たちは幸せで自由だと思い込んでいますが、彼らの行動をチェックしてください…何かが間違っています…彼らは本当の自由な人のようには行動していません…この行動は子供や虐待的な暴力関係にある人々に見られます …誰も見ておらず、彼らが孤独なときだけ、アメリカの虐待と洗脳が乗っ取り、これらの国全体から魂を吸い取ります…私たちはこれを支持しません…これは長くは続きません…神の言うとおりです。 「もしあなたが最も小さな同胞たちにこれをするなら、あなたは私にもこれをすることになる。」…そして私たちはアメリカによる人間に対する邪悪な扱いをこれ以上容認しません。 Iv always known and here is proof. america keeps on insisting that vassal countries like japan & S Korea make their OWN RULES. Military usa personnel say, “oh no! Japan, Korea WANT america protecting them on their own soil, america WANTS TO LEAVE but these countries WANT US TO STAY AND PROTECT THEM…..I stay in japan….AND I KNOW THIS TO BE A hypocritical military EXPANSIONIST LIE…have u heard of STOCKHOLM SYNDROME where the occupied are BRAINWASHED into thinking that they are happy and free BUT CHECK OUT THEIR BEHAVIOR…something’s not right…they do not behave like REAL FREE people…you can see this behavior in children or people who are in abusive violent relationships…only when NO ONE IS WATCHING & they are alone does the american abuse & brainwashing take over & suck the souls right out of these ENTIRE countries….WE WILL NOT STAND FOR THIS…this will NOT be lasting much longer…as god says..”if you do this to the least of my brethren, you do this to me”… and we will not TOLERATE america’s EVIL TREATMENT of HUMANS ANY LONGER.
Dr. Hunt is a legend. Thanks for having him on the Oxbow Advisors channel Ted. We appreciate the interview series👍
Legend indeed!
Would that it were so,..
8:40. The Fed didn't give us an inflation rate of 9%.
The utter irresponsible, nay actually criminal fiscal and policy abuse of the the senile ole joe admin and the demcorats did when;
the very first day senile ole joe took office he shut down the XL pipeline and waged his insane war and attacks in shutting down the fossil fuel industry, the life blood of the economy, kicking off the inflation spiral,.
and then he/they,..
threw inflationary fuel on the inflation fire with several trillion dollars of unneccessary anti free market farleftliberal pork policies and associated deficit spending to pay back demcorat donors and buy demcorat votes,....
when the economy was already growing at 6% and inflation was under 2% when Trump left office.
8:58 Great qustion Mr. Oakley,.. you're exactly right.
The Fed can only react to the policiticians' abysmal fiscal policy with the few monetary tools it has.
The Fed can't drill for oil,...
or step into fix the supply chain crisis when senile ole joe's secretary of supply chains decides to put America on the back burner when it needs him most to take an unprecedented 2 month tax payer funded maternity leave to help his husband breast feed their new babypedofilevictim.
And unfortunately,.. Powell can't put agunto senile ole joe's head and say,.. "look dumbash,.. stop with the insane deficit spending your destroying the dollar and the economy".
So because lacy got this very simple concept wrong,.. there's no use listening to the rest of what will probably be a montage of him blaming the Fed for all of our economic woes and giving the MMT believing demcorats a huge pass.
That's dishonest and unacceptable so am not going to sit through the rest of,.. what I was hoping would be a good an accurate video on the subject.
Lacy Hunt is a national treasure. This was a masterclass in macroeconomics.
exceptional brilliance is out there you just need to look and gleam it from the junk advice. Dr. Hunt is one of those bright minds you can't afford to ignore
Two of my favorite finance/economics people I know in conversation. Ted: excellent interview style - of course all you had to do is let Lacy Hunt take off. It doesn't get better than this, and very timely. Thanks.
Incredible conversation between real gentlemen. Dr Hunt is a master at explaining his craft and his view. No stone left unturned 🧐
Bravo 👏👏 👏 great interview
Now this is a interview ! Thank you both A1
Thanks for having Lacy Hunt.
Lacy is always great. Thank you.
This podcast was incredibly informative. Every member of congress and the president should have to watch this monthly. The political class has failed the American people
I agree with you 100%
Would that it were so,..
8:40. The Fed didn't give us an inflation rate of 9%.
The utter irresponsible, nay actually criminal fiscal and policy abuse of the the senile ole joe admin and the demcorats did when;
the very first day senile ole joe took office he shut down the XL pipeline and waged his insane war and attacks in shutting down the fossil fuel industry, the life blood of the economy, kicking off the inflation spiral,.
and then he/they,..
threw inflationary fuel on the inflation fire with several trillion dollars of unneccessary anti free market farleftliberal pork policies and associated deficit spending to pay back demcorat donors and buy demcorat votes,....
when the economy was already growing at 6% and inflation was under 2% when Trump left office.
8:58 Great qustion Mr. Oakley,.. you're exactly right.
The Fed can only react to the politicians' abysmal fiscal policy with the few monetary tools it has.
The Fed can't drill for oil,...
or step into fix the supply chain crisis when senile ole joe's secretary of supply chains decides to put America on the back burner when it needs him most to take an unprecedented 2 month tax payer funded maternity leave to help his husband breast feed their new babypedofilevictim.
And unfortunately,.. Powell can't put agunto senile ole joe's head and say,.. "look dumbash,.. stop with the insane deficit spending your destroying the dollar and the economy".
So because lacy got this very simple concept wrong,.. there's no use listening to the rest of what will probably be a montage of him blaming the Fed for all of our economic woes and giving the MMT believing demcorats a huge pass.
That's dishonest and unacceptable so am not going to sit through the rest of,.. what I was hoping would be a good an accurate video on the subject.
Your assumption is that members of Congress would do this job honestly, not to line their own pocket or put in place idiotic policies 🤡 which have been proven wrong since at least 5000 years 🧐
Better have an enlightened group of people than a bunch of piggies running the farm in the name of "democracy"
This interview is OUTSTANDING!
Thankyou.
thanks for giving him time to present
Real smart people, real gentlemen. America is the greatest!
Hi value content that I haven’t seen elsewhere. Thanks for putting this together for us.
Thanks Ted for having Lacy Hunt, fantastic! I agree with the many comments I have thumb-checked
What a great presentation of this interview !
I got educated economically !!!!
One of the best interviews as so much information is packed into this hour. It is really amazing the amount of depth of knowledge Dr hunt has.
Lacy is a Legend, but Ted is the person I learn from and have the greatest respect for ❤
Dr Hunt... Thank you 🙏
Always liked listening to Mr. Oakley on other channel. First time @ OxbowAdvisors
This was such a fascinating interview. Thank you so much, Ted.
Thx for taking the time to do these interviews Mr. Oakley.
Invaluable and timely. 👍🏼
Excellent video! Huge respect to Dr Lacy Hunt.
Awesome interview! I learn something every time I watch one of your videos! Thanks
Thank you for educating me.
Great interview! Hopefully you can bring him back soon!
Great content! Thanks for sharing; agree with most, if not all, but enjoyed the perspectives.
Great podcast stacked full of information!
Thank you!
Great interview...Thanks Ted.
That M2-ODL graph is an illustration of an EKG of a castastrophic cardiac arrest. So much for the patient.
the information contained in this presentation is comprehensive and significant for the well-being of our future. my only caveat is that it does not take into account the economic disruptions caused by war and trade restrictions, both of which have a measureable impact on our future economic activity.
Love Lacy- great interview
This was of the highest quality .. kudos 👏
Absolutely fantastic.. Dr Hunt is the absolute best out there.
Thanks Ted. Excellent guest and interview.
Great insight into the history of financial systems and the rise and fall of empires
In this episode Dr Hunt references the economist Dr Ingrid Rima ( a professor at Temple University) who I assume he met in Philadelphia during his stint at Fidelity Bank? Almost 50 years ago I had Dr Rima in 2 undergraduate courses for which she had written the textbooks that we used. To this day I remember her explaining a complex theory by referring to a food ad in a recent newspaper. I forget the exact point but she pointed out the economics of buying the porterhouse steak on sale and converting the meat on one side of the bone to a filet and the other side to a New York strip. Finally, she used the bone to make bone broth. To this day I remember her vividly!!!
So her books were about cooking? Kidding.
On this video,..
8:40. The Fed didn't give us an inflation rate of 9%.
The utter irresponsible, nay actually criminal fiscal and policy abuse of the the senile ole joe admin and the demcorats did when;
the very first day senile ole joe took office he shut down the XL pipeline and waged his insane war and attacks in shutting down the fossil fuel industry, the life blood of the economy, kicking off the inflation spiral,.
and then he/they,..
threw inflationary fuel on the inflation fire with several trillion dollars of unneccessary anti free market farleftliberal pork policies and associated deficit spending to pay back demcorat donors and buy demcorat votes,....
when the economy was already growing at 6% and inflation was under 2% when Trump left office.
8:58 Great qustion Mr. Oakley,.. you're exactly right.
The Fed can only react to the policiticians' abysmal fiscal policy with the few monetary tools it has.
The Fed can't drill for oil,...
or step into fix the supply chain crisis when senile ole joe's secretary of supply chains decides to put America on the back burner when it needs him most to take an unprecedented 2 month tax payer funded maternity leave to help his husband breast feed their new babypedofilevictim.
And unfortunately,.. Powell can't put agunto senile ole joe's head and say,.. "look dumbash,.. stop with the insane deficit spending your destroying the dollar and the economy".
So because lacy got this very simple concept wrong,.. there's no use listening to the rest of what will probably be a montage of him blaming the Fed for all of our economic woes and giving the MMT believing demcorats a huge pass.
That's dishonest and unacceptable so am not going to sit through the rest of,.. what I was hoping would be a good an accurate video on the subject.
This is pure gold. Thank you 🙏🏼
Thank you so much for this
Economic investigator Frank G Melbourne Australia is still watching this very informative content cheers Frank ❤
Great interview! Hunt‘s sound quality could (should) however be better!
Dr. Lacy Hunt would make a great President of the United States of America!
Lacy highlights the primary variables in financial and economic cycles, which is risk, loss aversion, and risk management. This places human behavior at the center of the puzzle within the context of risk and uncertainty. These uncertainties result from market related imbalances but also from policy actions and mistakes. Risk theory is fairly straight forward: debt leverage destabilizes, increasing risk and fragility; diversification and risk sharing through equity helps stabilize and manage the inherent risks of uncertainty. Our policymakers fail to appreciate these incontrovertible theoretical and natural relationships. Don't mess with Mother Nature, which is the natural rate of interest. It's like they want to relaunch the Titanic and force us all to go down with the ship.
Dr. Hunt. Please think about republishing all your books. As, they seem to be difficult to acquire. Thank you.
Thank you
Pure Gold.
Thanks Ted.
Excellent report
He's been so right about inflation that I am running out of money for the last 5 years he's been saying we are in deflation. Legend term a little bit overused.
Love listening to Dr. Hunt. 50+ years experience so has seen all types of economic conditions. Be curious if he has any views on how AI would impact GDP and labor markets. Most interesting chart was at 47:33 when he showed historical loan default rates. Student loan defaults were almost 10% pre-pandemic and now they are around 1% with all the forbearance. It looks like as part of the debt ceiling deal payments need to start being made again 60 days after deal is signed. Curious how that impacts economy.
Very thoughtful
Fantastic
Everyone knows that 31 trillion is too much to be paid. Even the interest on that is huge. But the Uniparty in D.C. has to raise the debt ceiling in order to spend money on our 51st state (Ukraine) and 52nd state (illegal immigrants).
+53rd (Israel). Don't want those Epstein/Maxwell/Mossad control files released, do they?
Exactly.
8:40. The Fed didn't give us an inflation rate of 9%.
The utter irresponsible, nay actually criminal fiscal and policy abuse of the the senile ole joe admin and the demcorats did when;
the very first day senile ole joe took office he shut down the XL pipeline and waged his insane war and attacks in shutting down the fossil fuel industry, the life blood of the economy, kicking off the inflation spiral,.
and then he/they,..
threw inflationary fuel on the inflation fire with several trillion dollars of unneccessary anti free market farleftliberal pork policies and associated deficit spending to pay back demcorat donors and buy demcorat votes,....
when the economy was already growing at 6% and inflation was under 2% when Trump left office.
8:58 Great qustion Mr. Oakley,.. you're exactly right.
The Fed can only react to the policiticians' abysmal fiscal policy with the few monetary tools it has.
The Fed can't drill for oil,...
or step into fix the supply chain crisis when senile ole joe's secretary of supply chains decides to put America on the back burner when it needs him most to take an unprecedented 2 month tax payer funded maternity leave to help his husband breast feed their new babypedofilevictim.
And unfortunately,.. Powell can't put agunto senile ole joe's head and say,.. "look dumbash,.. stop with the insane deficit spending your destroying the dollar and the economy".
So because lacy got this very simple concept wrong,.. there's no use listening to the rest of what will probably be a montage of him blaming the Fed for all of our economic woes and giving the MMT believing demcorats a huge pass.
That's dishonest and unacceptable so am not going to sit through the rest of,.. what I was hoping would be a good an accurate video on the subject.
Great presentation, but what does this all mean for investments now? Recession still isn't here and people are out spending and traveling. Not seeing it yet.
Amazing
Where would I find ODL trend data that Dr. Lacy relies up as an indicator? I've Googled the term without any success.
Did Dr Lacy misspeak on the social security statistic (@ 44 min in) "that only 11 percent of retirees have additional income"?
I believe the case is 11 percent of retirees rely on SS for most (90 percent) of their income.
Thus, 89 percent have some significant income beyond SS.
Most of the problems laid out have as a solution the one solution we cannot (or will not) provide:
Children.
Any business that wishes to not only survive but grow, needs an increasing customer base. That’s 101 business practice. It’s also 101 Government growth - like receiving more and more taxes.
One can only squeeze a turnip so much until the blood diminishes.
If a country refuses to repopulate (for whatever reason) there are only 2 possibilities: It dies out, or it repopulates via alternative measures. The First is unpleasant. The Second is unpleasant too but less so: The Solution is to Import People. Preferably young people who Will and Can produce children.
Now you know Why Open Borders May be a reason Why it’s happening.
I’m sure China and Japan would love people flocking there. Fortunately for us they are for the present coming here.
Cheerio.
It seems like the % change is indeed negative for many of these indicators, but M2, CPI, and other factors are still well above their historical trends.
Dr Lacy is Correct on All Points of the conversation, but what about MIC out spending with NO resluts❓️
Would that it were so,..
8:40. The Fed didn't give us an inflation rate of 9%.
The utter irresponsible, nay actually criminal fiscal and policy abuse of the the senile ole joe admin and the demcorats did when;
the very first day senile ole joe took office he shut down the XL pipeline and waged his insane war and attacks in shutting down the fossil fuel industry, the life blood of the economy, kicking off the inflation spiral,.
and then he/they,..
threw inflationary fuel on the inflation fire with several trillion dollars of unneccessary anti free market farleftliberal pork policies and associated deficit spending to pay back demcorat donors and buy demcorat votes,....
when the economy was already growing at 6% and inflation was under 2% when Trump left office.
8:58 Great qustion Mr. Oakley,.. you're exactly right.
The Fed can only react to the policiticians' abysmal fiscal policy with the few monetary tools it has.
The Fed can't drill for oil,...
or step into fix the supply chain crisis when senile ole joe's secretary of supply chains decides to put America on the back burner when it needs him most to take an unprecedented 2 month tax payer funded maternity leave to help his husband breast feed their new babypedofilevictim.
And unfortunately,.. Powell can't put agunto senile ole joe's head and say,.. "look dumbash,.. stop with the insane deficit spending your destroying the dollar and the economy".
So because lacy got this very simple concept wrong,.. there's no use listening to the rest of what will probably be a montage of him blaming the Fed for all of our economic woes and giving the MMT believing demcorats a huge pass.
That's dishonest and unacceptable so am not going to sit through the rest of,.. what I was hoping would be a good an accurate video on the subject.
Wow!
Very nice conversant
Lacy, use the paper industry as a further measure of what is going on. brown paper production leads the downturn by 6 months. no purchases = no manufacture = no need for boxes.
What is ODL? What does it mean?
What happened to Chart #2?
They Don't Care About You.
You Will Own Nothing
Be Happy
Back in ‘08: First, two banks failed and one was merged. It shaping up the same now…🤔
1 CD !
This guys calling for deflation and low rates. What a surprise.
The fake economy is too complicated to understand. People confuse the people, break legs, sell crutches. That is what Google does.
What about Japan?
Thank You.
Good grief, the Congressional Budget Office does make fairly accurate predictions about all this. They do know.
8:40. The Fed didn't give us an inflation rate of 9%.
The utter irresponsible, nay actually criminal fiscal and policy abuse of the the senile ole joe admin and the demcorats did when;
the very first day senile ole joe took office he shut down the XL pipeline and waged his insane war and attacks in shutting down the fossil fuel industry, the life blood of the economy, kicking off the inflation spiral,.
and then he/they,..
threw inflationary fuel on the inflation fire with several trillion dollars of unneccessary anti free market farleftliberal pork policies and associated deficit spending to pay back demcorat donors and buy demcorat votes,....
when the economy was already growing at 6% and inflation was under 2% when Trump left office.
8:58 Great qustion Mr. Oakley,.. you're exactly right.
The Fed can only react to the policiticians' abysmal fiscal policy with the few monetary tools it has.
The Fed can't drill for oil,...
or step into fix the supply chain crisis when senile ole joe's secretary of supply chains decides to put America on the back burner when it needs him most to take an unprecedented 2 month tax payer funded maternity leave to help his husband breast feed their new babypedofilevictim.
And unfortunately,.. Powell can't put agunto senile ole joe's head and say,.. "look dumbash,.. stop with the insane deficit spending your destroying the dollar and the economy".
So because lacy got this very simple concept wrong,.. there's no use listening to the rest of what will probably be a montage of him blaming the Fed for all of our economic woes and giving the MMT believing demcorats a huge pass.
That's dishonest and unacceptable so am not going to sit through the rest of,.. what I was hoping would be a good an accurate video on the subject.
Dr Hunt is great. However he doesn't realize that the loose monetary policy was necessary in order to maintain ever growing oil production (hence maintaining ever growing GDP and our current civilization). Debt facilitated what would otherwise be unprofitable shale oil. US shale oil accounted for about 80-90% of the world's oil production growth after the 2008 GFC while the rest of the world remained pretty much flat.
Would that it were so,.. Oil didn't need the Fed to survive.
Oil did fine long before ZIRP. Alternatives needed it (and $7500 per car tax credits,),. and for sure these new profitless tech zombie companies. but fossil fuels are the life blood of any industrial economy. When left to the free market, it's am innovative cheap source of reliable efficient healthy plant food spewing energy.
senile ole joe shutting down the fossil fuel industry is what caused oil prices and therefore inflation to rise and the destructin of the economy..
On the video.
8:40. The Fed didn't give us an inflation rate of 9%.
The utter irresponsible, nay actually criminal fiscal and policy abuse of the the senile ole joe admin and the demcorats did when;
the very first day senile ole joe took office he shut down the XL pipeline and waged his insane war and attacks in shutting down the fossil fuel industry, the life blood of the economy, kicking off the inflation spiral,.
and then he/they,..
threw inflationary fuel on the inflation fire with several trillion dollars of unneccessary anti free market farleftliberal pork policies and associated deficit spending to pay back demcorat donors and buy demcorat votes,....
when the economy was already growing at 6% and inflation was under 2% when Trump left office.
8:58 Great qustion Mr. Oakley,.. you're exactly right.
The Fed can only react to the policiticians' abysmal fiscal policy with the few monetary tools it has.
The Fed can't drill for oil,...
or step into fix the supply chain crisis when senile ole joe's secretary of supply chains decides to put America on the back burner when it needs him most to take an unprecedented 2 month tax payer funded maternity leave to help his husband breast feed their new babypedofilevictim.
And unfortunately,.. Powell can't put agunto senile ole joe's head and say,.. "look dumbash,.. stop with the insane deficit spending your destroying the dollar and the economy".
So because lacy got this very simple concept wrong,.. there's no use listening to the rest of what will probably be a montage of him blaming the Fed for all of our economic woes and giving the MMT believing demcorats a huge pass.
That's dishonest and unacceptable so am not going to sit through the rest of,.. what I was hoping would be a good an accurate video on the subject.
The only item I disagree with is the conclusion on demographics. We have migrants in the millions and a good percentage are having babies. Maybe look up the sale of baby carriages and other baby items. You might be surprised.
Agree...to a certain extent.
I am very suspicious as to the Why in open borders, which in effect we have.
I have a sneaking suspicion that the Demographic breakdown is reason behind this.
We are importing the most valuable resource in the world: People.
Yes there are the objections that these people are in the main unskilled labor, perhaps initially unproductive costs to the country. But they will produce children, which over a few decades will (or should) contribute to the sustainability of the economy. They are in effect the children we didn’t provide. And for a country to Survive, one MUST have replacement population. China; Japan; much of Europe, are dying. In 20 or so years they will diminish. Perhaps some here in the USA are attempting to mitigate this inevitable decline by taking in other countries young. I don’t see too many cripples and old crossing those borders. They are young. And we need them. We only (if we object to this) have ourselves to blame. Not producing children has consequences.
And the consequences are intolerant of opinion.
@@johnbirman5840 I hear you, and agree as to the long term goal. What I was saying is let’s stop pretending we have a problem with not enough workers. Besides tens of millions of migrants, we have a million legal immigrants per year, work visas and highly skilled workers, like programmers working by internet. We also have companies with offices outside our country.
You don’t see old people crossing, but once a person gets established, they send for relatives. You are an intelligent person. I’m not going to argue with you, so I will state my views and be done with it: a taboo subject for sure: we are supposed to be a Democratic Republic. We are supposed to vote on policies, not have unelected officials decide for US. We The People are not in charge.
The problem with illegal immigration is there is no filter to keep out the sick, mentally ill, and worst of all, CRIMINALS! Look at your neighborhood app and see the crime. No one dare mention it. Do you think a criminal would rather stay in their country or come to the USA, a first world country- for now- with all the easy pickings. You can even steal without punishment. Come to America.
If our country needs people, then let citizens decide, to increase the numbers and parameters for citizenship. We already take in more than any other country - a million legally per year.
If we need citizens for our future, create tax laws to incentivize the development of families. I don’t have a platform for expanding my views, but at least think creatively. Illegal immigration isn’t the answer for a more productive and safer country.
We are also importing the elderly parents who get social security and Medicare. Don’t take my word for it. Go to a local skilled nursing facility and a social security office. They may not be crossing the border but they are arriving. I don’t blame the people who come here. Would not most of us do the same? I’m blaming the people who are supposed to represent CITIZENS.
Don’t forget the vast numbers of healthy people on social programs who have become soft or lost and ineffective. Drug addiction, mental illness. We have complex problems that are being covered over. The curse of our government being able to borrow and spend, so wastefully, is making problems beyond imagination.
I might add, that we have FREELY CHOSEN to abort by choice, some 60 million (likely more) potential children. Considering a vast number would have had children, whom would have birthed children, many millions of children. It would be interesting to understand the potential exponential number of people would have been born. Just saying, sad when one thinks about it.
Have a great day and thank you for your comment. Hopefully, I won’t be kicked off TH-cam or be put on a government black list for having my own opinion.
I didn't listen to what he said on demographics,... but I agree economie need populations to increase to help growth,,...
but not through OPEN mexican drug cartel controlled border,.. that only brings in the dregs of society,. the uneducated, the poor, the criminals, childabusers thesexslave industry, the drugs, theterorists..the welfare dependents.
We have or had an immigraiton policy to increase populaton with educated, productive ready to do high value work people,.. but they have to get to the end of the line behind all of the illegal dregs of the worlds societies,.. aka future demcorat voters.
On the video,..
8:40. The Fed didn't give us an inflation rate of 9%.
The utter irresponsible, nay actually criminal fiscal and policy abuse of the the senile ole joe admin and the demcorats did when;
the very first day senile ole joe took office he shut down the XL pipeline and waged his insane war and attacks in shutting down the fossil fuel industry, the life blood of the economy, kicking off the inflation spiral,.
and then he/they,..
threw inflationary fuel on the inflation fire with several trillion dollars of unneccessary anti free market farleftliberal pork policies and associated deficit spending to pay back demcorat donors and buy demcorat votes,....
when the economy was already growing at 6% and inflation was under 2% when Trump left office.
8:58 Great qustion Mr. Oakley,.. you're exactly right.
The Fed can only react to the policiticians' abysmal fiscal policy with the few monetary tools it has.
The Fed can't drill for oil,...
or step into fix the supply chain crisis when senile ole joe's secretary of supply chains decides to put America on the back burner when it needs him most to take an unprecedented 2 month tax payer funded maternity leave to help his husband breast feed their new babypedofilevictim.
And unfortunately,.. Powell can't put agunto senile ole joe's head and say,.. "look dumbash,.. stop with the insane deficit spending your destroying the dollar and the economy".
So because lacy got this very simple concept wrong,.. there's no use listening to the rest of what will probably be a montage of him blaming the Fed for all of our economic woes and giving the MMT believing demcorats a huge pass.
That's dishonest and unacceptable so am not going to sit through the rest of,.. what I was hoping would be a good an accurate video on the subject.
Put it simply, if you can't afford the nest, how are you gonna lay the eggs with chicks?
Incumbent governments are more interested in keeping the status quo than to allow the debt bubble to blow up.
Commizan Economics
For your american reading pleasure; 私はいつも知っていました、そしてここにその証拠があります。 アメリカは日本や韓国のような属国が独自のルールを作るよう主張し続けている。 米国軍関係者はこう言います。 日本、韓国はアメリカが自国の領土で彼らを守って欲しい、アメリカは去りたがっているが、これらの国々はアメリカに留まって守って欲しいと思っている…私は日本に残る…そしてこれが偽善的な軍事拡張主義者の嘘であることはわかっている…聞いたことがありますか ストックホルム症候群では、被占領者たちは洗脳されて自分たちは幸せで自由だと思い込んでいますが、彼らの行動をチェックしてください…何かが間違っています…彼らは本当の自由な人のようには行動していません…この行動は子供や虐待的な暴力関係にある人々に見られます …誰も見ておらず、彼らが孤独なときだけ、アメリカの虐待と洗脳が乗っ取り、これらの国全体から魂を吸い取ります…私たちはこれを支持しません…これは長くは続きません…神の言うとおりです。 「もしあなたが最も小さな同胞たちにこれをするなら、あなたは私にもこれをすることになる。」…そして私たちはアメリカによる人間に対する邪悪な扱いをこれ以上容認しません。
Iv always known and here is proof. america keeps on insisting that vassal countries like japan & S Korea make their OWN RULES. Military usa personnel say, “oh no! Japan, Korea WANT america protecting them on their own soil, america WANTS TO LEAVE but these countries WANT US TO STAY AND PROTECT THEM…..I stay in japan….AND I KNOW THIS TO BE A hypocritical military EXPANSIONIST LIE…have u heard of STOCKHOLM SYNDROME where the occupied are BRAINWASHED into thinking that they are happy and free BUT CHECK OUT THEIR BEHAVIOR…something’s not right…they do not behave like REAL FREE people…you can see this behavior in children or people who are in abusive violent relationships…only when NO ONE IS WATCHING & they are alone does the american abuse & brainwashing take over & suck the souls right out of these ENTIRE countries….WE WILL NOT STAND FOR THIS…this will NOT be lasting much longer…as god says..”if you do this to the least of my brethren, you do this to me”… and we will not TOLERATE america’s EVIL TREATMENT of HUMANS ANY LONGER.
David humes
Everything goes in Cycles---Heck, its even in the Bible.
I hope stocks start crashing soon. Unemployment rate has to take off first though