Mercatus Center distinguished fellow Thomas Hoenig discusses how the Fed’s plan for inflation, argues it has been running poorly for years on ‘The Bottom Line.’
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The feds are scared to stand up and tell the white house they are spending too much money .people in goverment only care to keep their job and keep a pay check coming in.
Inflation is producing a slew of problems throughout the world, including food shortages, diesel and heating fuel shortages, and housing prices and financial market crash. This global collapse might end up being a part of us for a very long time. With inflation currently at about 9%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
You guys need to have Peter Schiff on.
The petrodollar is being dumped. Global depression. Economic collapse. Look at France and UK
The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.
smart man
I knew back then that printing money was bad
My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in US.
Who’s Mr Magoo?
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Raising interest rates to a significant level would be the right thing to do but at this point I understand that they will freeze interest rates at this level. It is ensuring inflation continues.
“There’s more and more of a concern that incoming data is revealing that the Fed might be a little bit behind the curve than maybe they expected heading into this year,” said Bipan Rai, North America head of FX strategy at CIBC Capital Markets in Toronto. In my portfolio, I'm noticing more red than green. How are other people in this market raking in over $350k gains within months
Very truth
When JFK was killed already.
Trutn
The banking industry went wrong when they are allowed to do fractional banking or they could lend 10 times more than they had on deposits that's the problem they simply created money with their pencil on the balance sheet
The "Great". Latest overused word like heartbraking, horrific, again……..
The US needs the discipline of long-term fair interest rates – probably around 6% p.a. This will involve pain to achieve on a long-term basis, but is absolutely necessary to obtain a long-term economic strategy WHICH WILL WORK!!
And Quantitative Easing MUST be absolutely outlawed. The criminal mismanagement and greed of the past MUST be stopped forthwith.
Dear God, Fox Business makes CNBC seem reasonable…
Long term near Zero Fed rate resulted in low return “safe” investments that banks use the collateralize their deposits, that’s the balance sheet killer when rates go up fast
When they start printing $1,000 dollar bills 💸
Alternative to Q.E-ing? Great Depression #2. And we could have that and over time correct the imbalance. The cost? Pain & suffering. The unfortunate price of easy money. And presently the bill has come due & the gnashing of teeth commences apace. Period. Unless of course the government comes to the rescue with yet more phoney Monopoly money thereby intensifying the crisis & lengthening the public's agony further out into tha future. No easy way out. Milton Freedman once said and so rightly …" No such thing as ah free lunch". And I add to that … someone always has to pay tha bill …or be arrested for defrauding an innkeeper. In this case should be tha politicians who pay, not the citizens.
Not to worry all us Smelly Walmart Deplorables will pay for it
Elon Musk is correct. The FDIC guarantees all deposts and the bank runs STOP!
The Fed should never have existed in the first place! Our Founding Fathers were adamantly against the ideas of central banking. Andrew Jackson had something like 11 different assassination attempts against him from the bankers! We need to audit and end the Fed, end fiat currency, return to gold, silver, and precious metals as our Constitution calls for, stop spending money that we don’t have, and balance the budget!
Janet Yellen is to blame for most of this. The window that she was Fed chair was the point in time that this low interest rate environment took hold. That women just has to go.
U went wrong when u deemed banks "to big to fail"
U chose to give 1 sector a safety net no matter the reasons. Are u shocked they do business like they have a safety net no matter what?
Since when is the banking industry so bad they havnt been able to make a profit without a gvmnt handout in the last 20 yrs?
Another thing is how did any 1 bank become a "systematic risk"?
I'm sure it has nothing to do with campaign donations by these same billionaire ceo's
Or the fact that u politicians also happily stuff ur pockets with lobbying money in return for deregulation.
I keep hearing "nobody saw this coming"….not true. I saw 4 million retail ppl the last 2 yrs screaming this was going to happen. Msm called them dumb called them apes memesters conspiracy theorist n a number of others things. So if a janitor maintenance workers n the like can see these numbers 2 yrs out. .how did the best brightest our country has to offer not see it? They did n knew bailouts were coming.
Not for all banks ofc even the dumb money said these banks are so upside down there's not enough money on the planet to save them. But only preferred banks of the gvmnt…..so….if u continued to pile on debt,not hedge n chose to male the problem so bad it was now a systematic risk or national security issue u get saved by the gvmnt?
When smaller banks that tried to do the right thing they get bankruptcy? WOW.
Capitalism? Not here anymore. Apparently the gvmnt now decides who's companies n biz models should be allowed to thrive. N don't tell me well the management got fired…..OK they will all be working for finra dtcc sec or another bank in less than a yr.
I don't blame Powell I blame all politicians all regulators. Heather pierce n her "if nobody sees the problem then it doesn't exist" type mentality. These ppl are the ones to blame.
N lastly.. other than Liz n charles everyone else slandered these retail guys so big ups to those 2. However wheres all the rest? Not 1 news anchor saying we got it wrong n dumb money was right? Not 1 apology? Gaspirino where u at?
Fact is EVERYBODY knee this was coming but it's easier to scare the masses if u deny then act like it is instant….easier to get ppl to be ok with them bailing out their billionaire puppet masters n saving their free money train
When it went down to 2% , they went crazy with a open piggy bank
Sir: you mean they're feeding the Suckers, and squeezing the People that has worken to make America great againg? The tax payers, owners of the debt? No wonder the People got tired of Working, and leave. God bless America.
I wonder how much extra income was freed up when every home owner in America refinanced for 2.75%.. That’s were the continued stimulus money is coming from that is driving up inflation.
Yes
The road to perdition started with Alan Greenspan