This latest development really scares me. I truly hope I am wrong about this but at this point I am not very optimistic given how things have turned out in the past.
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The democrats/elites are power hungry. They will do anything for votes. No matter how this goes there is only one outcome. A kerfaful. Lol I don't know how to spell that.
Powell is Burns in Volcker's clothing. Tom, take it easy. If you are right in the rally to the mid terms and a big crash, that is actually a good thing. Buy buy buy and sell in late Oct. Thank you Powell and Lizzie.
How many people voted a certain way in 2020 bc they got offended by Tweets? 🤣🤣🤣🤣🤣🤣🤣 don’t complain now!
Lol why did PALANTIR not predict this? 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Powell has to control inflation at the cost of his career. Brave man. Inflation via supply reduction is the worst nightmare cos monetary policy can’t help it
I'm surprised by how many people are behind the financially illiterate politicians like Warren. Is she for real trying to destroy our economy just to have more people vote for her? Isnt she supposed to be in charge of educating people, including what the debt means?
Its over, good game. I'm selling everything and investing in the rupee.
"The feral open market" was a good one…
Pocahontas is a totally self centered narcissist she doesn’t care about this country or it’s people at all
May be ramblings of a mad man!
They want to screw the White men by screwing the economy but no one sees that every one will lose.
I remember 8-9 months back you were calling for 7% interest to control inflation.
That was before the war. We are at 2% now. Are you still calling for 7%+ ?
I doubt we will get past 3.5% before they back off.
I sold most shares and loaded up on SQQQ. Market will drop hard now.
Tom, to me it seems like JP is all about furnishing his little corner in the woods and prides himself in not stepping out of his job responsibility boundaries. If you are angry with him it's easy to point out that he doesn't want to stick his neck out to fix the big picture. If you like him, you have to admit, like you say, pissed off peeps with dinero and clout are out for blood AND the government is doing jack sh** about it. The politicians just want to get reelected.
Most Politicians are considerably stupid. Truly. Trust these Morons at our peril. FED isn't any brighter.
350 before 470
Lol. Who sold most stocks. Giant investors. Most retail didn’t sell. If will go up next week or within a month. So just be a long term investors. Because the big investors will eventually buy stocks and market will go up. And for those who are day/swing traders then too bad.
The inflation is transitory because it isn't inflation. People just can't understand that something that lasts a couple years still counts as transitory. It will turn out that Powell made one of the biggest policy errors in history by doing all these hikes into temporary (still painfully long) price shocks. The same thing happened after WW1 and 2. CPI got up to 20% after WW2 and the Fed freaked out. The prices came down on their own in a couple years but the Fed did an unnecessary tightening, chasing the ghost of inflation, and caused a huge recession.
It cost me a lot of money too. I’m not Bill though.
That was fantastic 👍
Yesterday Powell sent an unvarnished message of “we are serious and we are going to man wrestle this inflation number down below 3%.”
But the past couple of 50 & 75 bps moves already told us that – and right upon issuing that last 75 bps the market rallied strong – basically to say “we know, and we are with you”.
Candidly I see these inflated numbers starting to abate in some areas right now – retailers of apparel, lumber, autos, etc are starting to decline – more dominos will fall.
By Dec 31 we will have a much better view of where most corners of the economy stand. Payrolls are about to tipping point and raises are about dead – Jan 1 raises will be virtually non existent – the great resignation is over.
By June 2023 this whole mess will be largely in the rear view mirror. The only real tail into H2 2023 will be housing and credit cards – neither will be pretty – so stay the f away from Banks.
Tech will be red hot as payrolls will be pared and productivity will be gained via technology implementation.
Jerome Powell's priorities are not the public's. Remember that. The Fed is a private bank. Not a governmental agency. Don't let the name, Federal Reserve fool you.
NEVER believe a word out of Elizabeth Warren's mouth! Just another corrupt deceptive senator. This one just happens to be a Democrat. There are sleazy snakes in both parties.
You cannot defeat this wall street Out of this game they know how to play very well they just want to create the 2008 financial crisis they can do it all over again
These people and Wall Street knows what’s happening man they just playing around people Institution They holding 75% to 90% in cash they know retail investor and holding the bag they don’t wanna go and get crush Mark my words after everything is in the bottom they come back and buy everything
The only thing they trying to do they don’t care about the stock market they only were in about the price comes down the only way to resolve that is quantitated tightening and get this freaking thing before midterm election they don’t want that freaking oil climbing up
Bro you have to understand that stuff in Europe is about to get ugly and he don’t act quickly this stuff is about to come to America Mark my words in 2007 I remember just like right now they Europe is starting Losing power and then year later the economy came to the United States later and the whole stock market crash house and market crash everything is messed up
unfortunately JP is a joker who crashes markets whenever he speaks.
This guy is look really really up to something and he knows what is going to happen here about to slam the brakes hard
Hi Tom, I tell what going here, When emotion high logic are low ! I heard this quote couple days ago don’t remember who said it, but it sums up what’s going on between Jerome Powell and the politician right now.
Recession or hyperinflation >>> pick one lol
Great video Tom! I completely agree with you & was just talking about how bad the student loan forgiveness will be for inflation.