Octavio Marenzi, CEO of capital markets consultancy Opimas, discusses the outlook for monetary policy and the impact of tightening on banks and the U.S. economy.
More pain to come for U.S. economy as Fed tightens, economist says
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Wealth without work is a dangerous cocktail
Americans have generations of work so this is overdue. Printer go brrrr
The job report went up because people can no longer afford to stay home, everything is so expensive now. Even there are more people going back to work, that still doesn’t help the economy because people are not spending money like before Covid and all of their money are going to pay for higher rentals, foods, gas, they got nothing left to spend on shopping or buying a new car.
Exactly. After paying for higher cost of living, what money I have left over is being invested / saved. I have not bought any luxuries for 6 months now. We should all be in survival mode now with money. The good times will return one day but I feel that maybe a few years away.
Exactly, eliminate the landlord economy and get those homes into the marketplace, you’ll see lower home prices and more spending
What u said makes sense and i can agree with. But using that reasoning and rationale in trying to predict price movements of asset prices is doubtful.
The retired Srs living on social security and pension are in a real pickle. Food, rent, transportation and fuel is no longer affordable.
buying utilities and essential services. will continue to dollar cost average into them as they swing up and down.
Economists don’t seem to get things right, almost ever. Just like the weatherman.
go all on on crypto
Much worse than weathermen. They are always a year or two behind up or down.
Not if you’re following an Austrian economist, who are then always early.
And democrats led POTUS is busy importing voters and dragging proxy war against Russia and manufacturing new wars in Taiwan and Korea
06/07/2022 CURRENT “New World Order:” 1. CHINA. 2. RUSSIA. 3. USA. The “World Economy”, is Spinning FASTER and; Like a MERRY GO ROUND, You will “Fly Off.” IMAGINE, “It is 1929”, because: “It Really is!” META Phorically. {A metaphor is a “Figure of Speech” that, for “Rhetorical Effect,” DIRECTLY Refers to “One Thing” by MENTIONING “Another.”} It MAY “Provide” CLARITY or “Identify” HIDDEN “Similarities” between two DIFFERENT “Ideas!” Wikipedia
Exactly, two half point increases are pathetic in the face of the drastic price increases we’ve just recently seen.
Raising interest rates won’t solve supply chain issues and commodity shortages.
US economy is going through what USSR economy did, when it faced a growing US military & economy 40-50 years ago
Well it’s a good thing we have freedom of speech in America so we can talk about it and possibly find real solutions.
Are you missing Trump yet? Thank you Liberals.
Don’t let them forget, liberals did this. Stupid ideas create stupid problems. Talking to you Socialism.
The fedsters balance sheet numbers should be posted right next to the Dow numbers
Try 15% this 8 % inflation number is bs
Exactly!
More like 18-20%
Shhhh! We’re not supposed to know that.
Inflation is a direct result of government printing and spending money in a uncontrollable way
I mean, yeah, that’s the literal definition of inflation. But the problem here isn’t just uncontrolled spending–rather, it’s unbudgeted spending. The government always spends money, no matter who the POTUS is–or what party they come from. What a lot of Americans are left out in the dark about is that like 10% of legislation actually makes the news. There are so many, what I personally like to call “dark horse bills” that don’t make it to the public consciousness outside of congressional websites.
But when you have an economy that’s printing money nearly nonstop, and (as much as I hate to bring this up) basically handing billions to Ukraine, not to mention the trillions they’ve pissed away on Afghanistan.
The reality? The American economy will probably collapse, and will probably only recover with a cut to discretionary spending.
I mean, you could just stop subsidizing like 10 countries militaries.
@The Ragnarok Machine Yes, unbudget spending and cheap money, recepie for a disaster.
BLAME BIDEN VOTERS. THIS IS ALL THEIR FAULT
I’m convinced this is the next villain Spider-Man defends New York
US stocks are dying hungry little orphans without their mummy feeding them
This is why don’t put military bases in over 60 countries, squander 2T in Afghanistan for 20 years, and instigate coups and regime changes all throughout Africa, the Middle East, and South America because you won’t have the resources to stimulate your economy during the one off chance of a pandemic. The reason America is in this mess is due to it’s lust for expansion and war in the name of “democracy”. Ironically so because we’ve actually overthrown more democracies than any world dictator.
This is a mere blip in the 40+ year continuation of the destruction of demand by the global corporatists. Once this period of higher prices from the pandemic works it’s way out, the reality still remains the world is aging quickly and this transfer of wealth from boomers to their kids wont last very long, which only means a continuation of the destruction of REAL demand as low wages means people will subsist and inflation will sink back down.
The 100 year anniversary of the start of the Great Depression is just seven years away. Perhaps by then “expert” people will admit we’ve been mired in the Denial Depression since 2009.
dont worry folks, the much needed US$ 40 Billion relief fund will be handed out real soon… to the Ukraine…
kudos to the house and senates, they understood their constituent’s suffering, acted swiftly and accordingly by rapidly approving the US$ 40 Billion aid package… this really show how much they care… for the Ukrainian…
Those are from weapon stockpiles manufactured as long as 30 years ago. Do you know how to turn an aging rocket launcher near the end of its life cycle into food and gasoline? Cause I sure don’t.
@Charles create a new war… thats how a merica’s way…
Uh yes that‘s the Fed‘s goal. To weaken the economy by raising rates, to crush demand, to tackle inflation. These videos are so useless.
A friend of mine said do yo up realize GOVERNMENT and the BANKs pretend inflation just happens and that they are against it. But only they create it. If you’ve got $1,000 and the annual inflation rate is 5 percent, you really have only $950 (its actual exchange value after one year.)
Governments, when they get head over heels into debt, do not declare bankruptcy. They just kick inflation into a final acceleration and pay their debts with dollars grossly devalued in exchange value. That is how government benefits from inflation.
When the U.S. government does that, your pension check or Social Security check, or your life insurance, while remaining the same in nominal value, will decline greatly in exchange value. That’s robbery.
And that’s one more reason to vote incumbents out of office. They are not
solving the problems. Hmm
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Stocks go up because the QE during the pandemic, now it’s time to stop inflation, although raising rate can’t stop inflation totally, but at least to stop bubble they created by printing money, besides, the majority people they don’t have stocks, but they do suffer during high inflation…
Shutting down the economy is bad, inflating stimulus spending artificially is bad, buying more home than you can afford is bad, many corporations looking like zombie corporation nation Japan is bad…
You can’t spend what you don’t have. You can’t borrow what you can’t pay back. You can’t stop production, and expect for things to just self-correct easily. It doesn’t matter if you’re the biggest economy in the world or the poorest person in the world. Oh wait, you can, but you’ll always pay a heavier price (overcorrection) in the long run.
Keynesian economists will try to make you believe something different using wacky, only provable for a specific situation or event formulas. Any real critical thinker won’t just blindly listen to such idiotic folly, and will consider Austrian and Chicago economists to be more right, even if they don’t provide ‘provable’ formulas. Economics is scientific, but because you would have to know literally every last person, and their thoughts in order to truly be able to create formulas that are infinitely provable, you have to rely on common sense and history.
Here are some countries/empires to read about historically that PROVES Austrian and Chicago economists right timelessly and Keynesians wrong timelessly: Rome, Greece, Argentina, Venezuela, Spain, and many more…
I’ll take a Milton Friedman or a Thomas Sowell, over the entire history of The Federal Reserve executives combined. And only an idiot would go the other way.
People keep saying no one ever gets the recession predictions right. But, they have intentional blinders on people like Michael Burry (Big Short), Peter Schiff (was ridiculed since 2005 for calling for a big recession), and many others.
Turkey’s Lira recently has done some Argentinian/Lebanese level of inflation swings. Still not enough to consider fiat monetary systems are built on the need to endlessly spend, whether warranted or not into perpetuity?
People are most useful when they do what the marketplace really wants or needs. Anything less than that is waste. When we add so many fluffed up positions through government agencies being added and corporations do the same to meet some new arbitrary demand, it’s excessive waste. That will bear itself out in the market in due time.
The Buffets of the world will never crash and burn on this, because they invest in fundamentals. But most people invest into so many dogecoin-equivalent type of companies.
I loom forward to people ridiculing me, it let’s me know I’m right. Because if they were right, they’d have sound arguments, not childish mockery.
And if I’m wrong I can admit that. My family and I will still be well. We just do even better when everyone living beyond their means has to sell pennies on the dollar.
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They cause the inflation, they blame the inflation.
Give our 1500 Dutch children back too.
What do you expect from CNBC’S favorite POTUS Jose Biden the illegal alien POTUS and Kamala Harris Willie Brown’s plow both for 💩
I remember in the early 1980s my parents house morgage at 10% and some at 14%.
It was just normal and nobody talked about it.
👱♂The Democrats, Joe Biden TEN STEPS ECONOMIC PLAN:1) Blame Russian president Putin, 2) Blame the no power Republicans, 3) Blame the companies’ CEO, 4) Blame the top banks, 5) Blame the microchip shortage, 6) Blame China lock down COVID-19 prevention, 7) Blame Donald Trump, 8) Keep alive the proxy war against Russia in Ukraine to keep selling weapons, 9) Start another proxy war against China in Taiwan to sell more weapons 10) take to court, destroy any American who do not agreed with their plan🙎
Fascist Democrats created this.