The economy is so strong, that personal credit card debt breaks a record literally every single day. People need to borrow more than they make, that is NOT a signal of strength .
@HOHLfmly
5 ай бұрын
Greedflation is targeting products that the lower income purchase! For example, we are seeing all kinds of” Flation” going on to products at Walmart while products at Trader Joe’s are not changing. our Trader Joe's consumers who are the most vocal, or not seeing the change, only our consumers with very little voice are being taken advantage of.
@dreadfuldonkey
5 ай бұрын
So if they don’t cut rates this year don’t that mean bank failures this year, how do the banks get people to come in for a loan when there is no money there’s virtually nothing for the majority of the people
@KungPowEnterFist
5 ай бұрын
The Fed has already proven that they will not let banks fail. They'll just open another facility to bail them out.
@The-Capitalist
5 ай бұрын
The full effects of the rate hikes have yet to be felt… banks will fail and the yield curve is predicting and economic storm. There has never been a soft landing in the history of our country. 2 year yield has a massive head and shoulders pattern at the moment. Rates will be cut and the recession we are in will be in full swing.
@larriehowatz-oo5cr
5 ай бұрын
ok nostradamus
@briankent3492
5 ай бұрын
It's nice to see some people still have common sense. I agree with you 100%
@karmasutra4774
5 ай бұрын
When will rates be cut?
@The-Capitalist
5 ай бұрын
@@karmasutra4774 FED follows the 2 year yield with a lag. I’d say the first comes in June or July.
@JxLx2022
5 ай бұрын
wait till the deficit starts taking center stage.. rates will go up regardless... let's see the fed increase the balance sheet at that time?? lol
@ma2i485
5 ай бұрын
Powell is in abit of a pickle😂
@janosik150
5 ай бұрын
Consumers spend more because everything is expensive whats so dsmn hard to understand...its nit that people have too much money
@tuber6382
5 ай бұрын
Economy is too strong?? Growing at 3% with a 3% inflation?? This is strength to you? Hahahaha
@ma2i485
5 ай бұрын
CNBC pundits 😂
@djc283
5 ай бұрын
Bianco may be right this time but he also has been wrong for over a year.
@The-Capitalist
5 ай бұрын
He’s not going to be right. Look at all of the data and lagging indicators. The storm hasn’t even begun yet.
@AITech1111
5 ай бұрын
His fund had negative return last year....
@andyreyes6464
5 ай бұрын
the us economy is good and resilient, fed should increase rates instead
@One-More-Silver-Dollar
5 ай бұрын
Wrong. Weak economy and propped up stock market from mass printing of money and $34 trillion still in debt.
@andyreyes6464
5 ай бұрын
@@One-More-Silver-Dollar unemployment is very low, jobs data very high and wages are going up slowly the us economy can handle more debt because our currency is the top around the world
@One-More-Silver-Dollar
5 ай бұрын
@@andyreyes6464 The US currency was at one time very powerful, but the soon total collapse of the petrodollar and rise of BRICS as well as other factors enticed many nations to reject the U.S. global leadership. Your currency is collapsing and you have no way to pay for your smiling belief. Many layoffs and stagnant wage growth, outsourcing, importing of massive amounts of unskilled and non-compliant illegal aliens have turned the US people against you, many struggling with multiple jobs just to pay their bills, and bankrolling foreign wars and “refugees” further bankrupts the system. You don’t really understand what power is, you think it’s money. But, money is truly just a tool that you didn’t use wisely.
@darrendent8288
5 ай бұрын
Someone hasn’t seen our latest unemployment numbers and the revised Unemployment number. 👀 Unemployment is rising. Add to the fact that insurance costs have been rising crazy.
@chadzka
5 ай бұрын
@@andyreyes6464you’re delusional. You have been lied to. I suggest you check your numbers. Because nothing you said is true.
@TrungPham-kp5nl
5 ай бұрын
Who's to say the FED will stick to "magical" 2%?
@PLASTICPIPE
5 ай бұрын
Powell said it at the last 16 meetings but nobody want to believe him...
@alexk729
5 ай бұрын
@@user-bt9cm7ze4cI have ZERO handouts
@KungPowEnterFist
5 ай бұрын
If the Fed abandon's the 2% target it will be total chaos. Inflation will skyrocket and the Fed will have to go well into the double digits on the funds rate to slow it down.
@justinp9647
5 ай бұрын
@@KungPowEnterFistyour correct
@Jokibinary
5 ай бұрын
@@KungPowEnterFistno worry target inflation now is 3% and its success
@Dark_Asteroid
5 ай бұрын
Economy is strong 💪
@firstlast8258
5 ай бұрын
In Russia and China
@ma2i485
5 ай бұрын
In his imagination 😂
@randyb3347
5 ай бұрын
Can ANYONE give me a reference to an article where the Fed has given a reason for why they are so hot-and-bothered to lower rates? I've read a pile of Fed article over the last week, not one mentions why the Fed wants to lower rates. Hopefully someone will remind them of their congressional mandate because they never think of it.
@karmasutra4774
5 ай бұрын
Make housing more affordable
@randyb3347
5 ай бұрын
@@karmasutra4774 First of all, you did not provide a reference where the the Fed explained why they want to lower rates. If the Fed is going to change rates they should at least give an explanation as to why they want to change rates. Second of all, it is not the Fed's job to lower housing costs. Their mandate is employment and price stability. How many years are they going to take to get inflation back down to 2%? They don't have inflation under control and they're talking about lowering rates. END THE FED.
@liewwengsim
5 ай бұрын
Given a stable US Economic Projection, tighter Labor Market and Wages in these 3 months, it is highly possible The Fed may not be ready in cutting the Federal Funds Rate starting from either in June 2024 and beyond should the US Inflation benchmark data (exclude PCE and Non-Farm Payroll) held tight within range of 3-3.5% unless there is sth BIG happening (Bank collapses or Economic recession) in and after the 2nd half of year 2024. Otherwise, The Fed may choose to keep the Federal Funds Rate unchanged probably until end of this year
@AYVYN
5 ай бұрын
I’m a pessimistic investor. I’m just glad rates aren’t rising.
@darrendent8288
5 ай бұрын
😂 this guy must not look in depth with the CPI / PCE reports with the fact that insurance costs have been lifting and the fact that we have revised higher in terms of unemployment numbers.
@chadzka
5 ай бұрын
Unemployment is being fed false data. Unemployment is continuing to increase, the job market itself is completely stagnant.
@darrendent8288
5 ай бұрын
@@chadzka I meant to say higher unemployment.
@chadzka
5 ай бұрын
@@darrendent8288 oh that makes sense then. A lot of people praying for rate cuts right now.
@nickvin7447
5 ай бұрын
Someone tell this genius the market already priced in 5 cuts this year.
@ripsirwin1
5 ай бұрын
What does that mean?
@ljunderground
5 ай бұрын
He said it’s not a consensus view.
@karmasutra4774
5 ай бұрын
We might have 0-1
@chrisginoc
5 ай бұрын
Jim Bianco again with his ax to grind type video.
@thisguy73
5 ай бұрын
He is always negative
@user-ol7tl1vf5m
5 ай бұрын
"When any individual, group, or entity monopolizes a public or global monetary system, dictating its policies and manipulating its supply to serve their own interests, it deviates from its true purpose and ceases to function as genuine money. This is perhaps why fiat is often referred to as a currency, lacking the intrinsic qualities of true money. Conversely, Bitcoin stands apart as genuine money. It operates on a public, transparent ledger where energy is expended by all participants to earn it, embodying the principles of fairness, transparency, and true monetary value." -Unknown
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