Forex news for North American trading on Dec 14, 2021
The US PPI data was expected to be high but not this high.
Producer price came in at 9.6% versus 9.2% year on year high. That was a record and on back of the CPI which rose to a near 4 decade high, suggests the pipeline of inflation will be around for a while.
The data comes ahead of the FOMC decision tomorrow which is largely expected to lead to a doubling of the taper to $30B per month (buying is currently at $105B so in 3+ months the taper can be complete and the debt market will stand on it's own two feet - assuming all goes well)).
The Fed will also release their expectation for growth, inflation and employment and the "dot plot" of rate expectations. At the September meeting the Fed was expecting 0 to 1 tightening in 2022. That plot will be ratcheted up to up to 2-3 (if they are consistent with the market)..
As a result, it is not surprising that there was anxiety in some of the markets today.
In the forex, the GBP was the strongest of the major currencies. The CAD was the weakest. The USD moved higher through the day as there was some dollar buying ahead of the FOMC decision. However, the pairs have been doing a lot of up and down trading of late. The dollar only fell GBP today (modestly). The biggest gain was versus the CAD as the loonie was pressured by lower oil prices as well.
Good to see discussion of Financial inclusion. Unfortunately, this group reflects an industry that excludes the Black and Brown community as companies, investors, or other participation. The lack of access to capital and the exclusion that exists in banking needs to be addressed in Digital assets to solve this issue.
Hyperinflation in Germany, 1914-1923 , yes the very smart and world leaders in banking couldn't make this debt-printing work either. Those who don't study history are doomed to repeat it and the US "FED" is a private company of conglomerate owners, btw its a great example of misdirection and "Sheeple" herding, again...again ...again ... The super wealthy few, feed off the workers; there are ZERO other meaningful "sides" or politics. Those fake-differences are just a smokescreen If workers simply refused (or were ashamed) to create super-luxury goods and services, the economy (the super rich) would be forced to pay more for those ridiculous luxuries and the workers would gain some control of their economy, permanently
{Revelation 6:5-6} 5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand. 6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.
FAKE FAKE FAKE FAKE FAKE FAKE FAKE FAKE FAKE FAKE FAKE FAKE FAKE FAKE FAKE FAKE
Shermannnn. Give it a rest pal. You start comparing Doge to Eth in terms of functionality and you have lost your right to speak here haha. Shhh go back to bed and your pill box
to us traders, investing in crypto is the best and fastest way of making money, but only few understood the secret of crypto currency.
Not if Biden keeps making policies that increase it. For example, now truckers can't bring in goods from Canada unless they've been vaccinated, and that means 20% of truckers that normally would deliver cannot. So that's going to increase the cost of goods. And Biden and his team are either too stupid to understand this, or they understand it completely and want inflation. That way when the economy fails they can take it over completely and blame capitalism.
out researching, because it sounds good.I have to say that in my experience (as a stand-by) the bubble is usually something people jump into, w
Guys ....move your money to Bitcoins
To fix the gangrenous necrosis the leg will need to be amputated.
democrats don't want to build a better world they only whant TO DESTROY everything and steel billions of dollars from the people
Gov should ban crypto it is sucking liquidity ,
CRYPTO WILL FIND A WAY.....YOU ARE ALL DINO'SYOU CAN NEVER STOP PROGRESS LIVE
I guess inflation is good for those who borrowed money
Everything's a bubble
This was one of the most fascinating congressional panels that I have seen! Learned alot about Crypto. And yet, some of the questions...
Does anyone know what are the 3 crypto companies shes talking about in 9:13? She said they got approved by the OCC
ıs enemy of tesla or what !! fckıng anımals ! calls urself ınvestors or lıars fırst place!
Bitcoin is the solution. Along with others cryptos.
Tesla has always been a bubble waiting to burst for 5 years straight
The simple answer is No.
No, they caused it!
Not accurate!!!
Stop pumping too much money economics 101 And let people live there life's
I paid more for a piece of crap used car this year then I did on my brand new 2020 car before the total loss. Damn
When bond purchases basically pay off all debt that exists or will exhist, can anyone blame markets for having an anxiety over such money printing endevours?
Nobody goes to their employer and ask for a raise based on inflation. These economists live in dreamland. Probably 50% of Americans dont even know what inflation is because they dont even know who is the VP of the country now.
So short answer "LoL of course not you financial noobs" listen people they are stuck printing money. They cannot stop.
What changed in 3 days. Now your saying the economy is great. Lmfao State ran media.... its funny how after meeting with bidens white house and they told you to stop talking negative about the economy. We know the Economy is crashing. How do we know? We see it in everyday life. Unlike you guys we actually live in the real world trying to get by. While the rich can sit back.
The inflation the government creates is literally stealing.
Can't know how I bumped onto this. Anyway Damn good ️. I also have been watching those similar from mStarTutorials and kinda wonder how you guys make these vids. MSTAR TUTORIALS also had cool info about similiar make money online things on his channel.
Get rid of the fed go back on the gold standard stop endless bills and spending, dump the tax code and re write the entire thing so Amazon, Google and the like pay taxes on actual earnings not something made up. Most people pay more taxes by % of what they make then these big companies. Entire system is built to help the 1%.
Inflation was always there, it was just hidden with low cost goods. Try comparing a Lawnmower from the 70s that was proudly made in America to one that is created today made cheaply in China. The older Lawn mower is built to last where as the one made today would break in a couple of years (by design so customer has to buy a new one). This is how China has become a super power because to hide inflation the super rich in democratic countries in the world, outsourced labor to China to make cheaper goods. It is all so the super rich dont have to pay much for workers. Keep goods and services cost low, keep pay low, keep taxes low. If anything disrupts this mantra, it would result in less money for the super rich. Now that China has become so powerful that they can now start charging more for their goods, it means the super rich of the democratic countries that used China for cheap labor has no choice but to pass the cost on to their working class. Its also the reason for the trade war with China, and moving cheap labor to South East Asia, war torn countries like Pakistan, or slave like labor (Blood Diamond like operations) in Africa. Inflation exists because of greed. Greed is not going anywhere.
Having Tesla in the thumbnail always helps with audience engagement lol
No, it cannot. The US is completely addicted to inflation. Inflation is simply an expansion of the money supply, not the CPI or whatever nonsense the silly government says it is. Is the US government going to stop expanding the money supply? Never. It's literally impossible.
Where was Satoshi?
Tesla is not a meme stock!
it's a worldwide event... amigos
BITCOIN
#letthemin
zero chance as long as Fed is serving its masters on wall street - the Goldmans, the Morgans and the BlackRocks
I know this has more dislikes than likes
Money printing, a population of consumers, minimal production, and a president whos in bed with China. And that is the recipe for collapse. Citizens of the US got played like a fiddle.
Preach
"nobody likes inflation" is a silly statement because without it you could actually be paid LESS. If we enter deflation which I expect to happen the second half of this decade people will be getting paid less because businesses make less. Yes, things cost more and you have to budget for it. But let's not pretend inflation is that simple, because when moderated inflation is great.
Month per person price! No gouging or gentrification! Developing mostly single unit apartments since privacy is a human right! 4. All three of these points to eradicate poverty, homelessness, suffrage of Americans Per Year ( tax free ) 3. Locked Down $400Month for life for the first $36,000Hour and up for all Americans 2. UBI of $3,000BBB Plan should be: 1. Livable wage permanent laws of $27
Nice how Cramer used "breaks" instead of "brakes."
Im not saying crypto doesnt Experience inflation but unlike other fiat backed assets inflation doesnt harm crypto. Not only this but also the fact that fiat in general is crashing even though crypto will see corrections I really dont think crypto is in a bubble as many people think it is due to the fact that it turns fiat currency into x10 return or more not only this but aswell as crypto has its own power its own entity no body controls other than members of that blockchain or crypto holdings.
These CEOs are on it! Especially Mr. Brooks!
BLACKS MEXICANS AND NATIVE AMERICANS 12 TRIBES OF ISRAEL WE ARE GOD CHOSEN PEOPLE THE REAL HEBREW ISRAELITES OF THE EARTH WE ARE THE REAL JEWS REPENT
Aggregate demand is being pumped up bc of extra money printed by the fed.....aggregate supply is constrained bc of pandemic....hence we get higher prices....the fed needs to gradually raise rates....they have been too low for too long ...
Democrats gonna tax the crap outta crypto.
MDX ££££££$$$$$$
Great discussion on cryptos fantastic questions and answers, will anything change.... no, America will continue to lag behind
Not under biden
7."Can inflation be stopped???" This is the kind of insane liberal logic that permeates newsrooms and seeps into the brain of low information minds. As if it is some unstoppable virus spread from a crashing meteor and not the fault of morons who keep the money printing machines on 24
Did Mr. Sherman write these thoughts back in 2017 and just find his notepad for this hearing? Jesus, why is he up there asking questions?
It's all going to pop, the next market crash is coming, the government keeps fudging the numbers on the reports they put out, the great resignation is growing out of ignorance of the sheeple and China and Russia are like mean kids with pins waiting to pop said balloons be it with cyber attacks, false information reports or all out war. I suggest people read the decline and fall of the Roman empire, it seems to be happening again.
Bitcoin will pop like
Inflation is built in to the monetary system.
Wow our industry is safe in these hands
An an Argentinian, let me explain Inflation to you: Gov' needs to have the money to pay all it's checks. So it prints it, but since wealth is not created by printing money it has to take it from somewhere. So, they take the wealth from the people via inflation... a non legislated tax
Just Bidden stop to print money
Feds should have raised interest years ago....tapering off won't do a dam thing.
To US goverment : less warmongering, care more for the people
when you're paying taxes without actually paying taxes
"nobody likes inflation" is a silly statement because without it you could actually be paid LESS. If we enter deflation which I expect to happen the second half of this decade people will be getting paid less because businesses make less. Yes, things cost more and you have to budget for it. But let's not pretend inflation is that simple, because when moderated inflation is great.
Let's Go Brandon!!!!!!!!!!!
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I'm sick of J Powell and Dr fauci
Yes... Stop printing money idiots! Problem solved!
Some segments in the are stamped not adjacent to each other
Considering inflation is worldwide, we may be able to influence inflation but I doubt we can control.it. Nixon created inflation when he took the US dollar off the gold standard in 1971. Volcker's draconian interest rates finally tamed inflation in time for Reagan's second campaign in 1984.
Ontario is the next bubble
Lol these coin people are so intelligent not even a flinch
services that are used for inflation should be comparable and easily measured, however this is an old way of thinking to keep calculations simple and easy to track. However society and technology have gotten more advanced. Why can't there be a more advanced inflation model be created that factor in for inconsistent products and services such as housing, food and electricity? Seriously, google can on the fly calculate ideal driving directions instantly for many millions of drivers at any given moment in the day around the world, but economists are limited to the easiest goods and services to track? There are online bots that track prices constantly for deals for consumers. Builders, realtors, property assessors, and so forth have a wealth of information to price homes. Builders may even go with price multipliers to get a general price for out of state pricing. Inflation likes to avoid volatile prices, but the reality is people are buying this constantly that are priced this way. If bots can get pricing and figure our averages and trends on a per product basis, why can't that be used for inflation? I'm no economist, and I don't care for reasons that equate to "it's too hard", when that's not how we got to this point in society. Trillions are at stake based what economists says about the economy, so why not spend more on getting better information.I get that the basket of good
Why are the two CA dems so crypto skeptical?
Pristine edge
Inflation is width the government needs But not the people
Current Adminstration: Printing (e.g. borrowing) more money will lower inflation... first step of any solution is to admit you have a problem. reality is they don't want to stop inflation, that's their plan.
STAGFLATION
Boomer media: "bItCoiN dOeSnT haVE fUNdAmENtaL vALue" lol you all were saying that when it was a few bucks, and you'll continue to say it when it's valued at hundreds of thousands. I can't wait for your leech filled "financial advisor" industry to be gutted.
Ok yeah, that other bubble is the USD. Thanks for playing and good luck!
Shame. The congress knows nothing more than your typical no coiners
bubble
Though the help of ️.I was able to add $5,000 to my bitcoin wallet for me to start business. Guys here in Australia mask have really been good to us all
You want to control inflation? Turn off the presses and let 50% be absorbed into the economy.
Bitcoin > Terrorist Paper
BITCOIN WILL DROP TO 9000 DOLLAR !
Thanks for this great explanation.. We're doomed. A crash is coming. Can't print trillions of dollars out of thin air and expect no inflation! Us is the only country in the world that doesn't back it's money with gold.
is this a hearing session or some sheeeetcoin shilling session??!!! they brought up some cryptostreet ceos junkies to explain crypto? WTH!!! this is absurd!
2021 THE MOTHER OF ALL BUBBLES HAS ALREADY BURST! NOW COMES THE FALLOUT OF THE STOCK, BONDS, HOUSING, REAL ESTATE, AND CRYPTO BUBBLES ALL BURSTING SIMULTANEOUSLY!!!1012
It will pop when you least expect it.
baebd2539bb24290fdfcc27807
As a landlord with multiple fixed rates mortgages, I really, really like inflation.
Sherman is a vampire!!! A globalist gnome!!!
I mean if you consider GME and AMC's current prices compared to pre-2021 prices...I wouldn't say the bubble "burst" completely which I'd equate more to it going at similar levels or below their pre-pumped levels.
Whatever lets fuccn go saitama
I don't trust. That is why not doing transaction or holding usd
Why not get a group of educated economists that know what they are talking about to use in a major news story? Thanks for nothing.
Inflation is width the government needs But not the people
Hello folks, so what is the outcome? Is crypto leagalized in US?
BLACKS MEXICANS AND NATIVE AMERICANS 12 TRIBES OF ISRAEL WE ARE GOD CHOSEN PEOPLE THE REAL HEBREW ISRAELITES OF THE EARTH WE ARE THE REAL JEWS REPENT
Should be titled "Can the government spending and Fed printing be stopped?"
Control fuel costs and inflation will be controlled. You pay for higher fuel prices again and again and again. It is a cost multiplier.
It really gets me when these commentators get on here in defense of the Fed the reason I am saying this the FED does not have any dummies on it staff what I am saying here the Fed was not late on any of the financial crisis has they let it happen like it or love it it's the truth
democrats don't want to build a better world they only whant TO DESTROY everything and steel billions of dollars from the people
No. They want higher inflation. Bad news for average Americans.
That research paper had an opinion not an objective study. Has economics in America also gone woke!!!
Federal Reserve caused this.
Well I really appreciate ️ for the amazing Bitcoin flip done for me yesterday
No problem, just raise interest rates to 5%
Bankman is a name, not a job title.
We need Germany translator, please please please
Hyperinflation
Did someone ask Coinbase about their non existent customer service
Inflation cannot be stopped unless the Dollar goes back to the gold standard or some other form of backing by real value asset and capped currency supply. JFK was killed for trying to do just that.
Oil prices are up because of high demand and low supply (under Trump many US drilling sites shutdown) Higher oil prices are pushing prices in any every sectors.
The fact that these bubbles kept on inflating during Covid tells you all you need to know, the Fed is the US economy at this point.
Mr. Mooney seems to be living in the Cuban Missile Crisis Era, why the focus on "rogue states" and the possible use of crypto in evading sanctions? America World Police has caused more misery in Cuba than anything its government could do internally. This hearing is about innovation Mooney, get over 1980s policy.
4 of US gdp and poured it into the economy. It can be stopped, just raise the key rate (yes the market which is already full of bubbles would go down and its a no-no for grandpa) and withdraw money from circulation by issuing some kind of good value gov futuresBro your interest on the loan minus inflation was around neutral but now is far negative, the gov printed like 1
Outsourcing a lawyer... sure why not. During the pandemic many trials were held online right? So if e.g. an indian can speek good english and was taught american law why wouldn´t he be able to be your lawyer? Sure there are certain regulations in place with that job specifically but there might be ways around it in the future... maybe already.
Nice ! I was able to build a big income stream during the covid-19 pandemic investing with a professional broker, Mrs Elizabeth Wesley.
$DEVT to the moon. Please check
It will pop when you least expect it.
No
We need Germany translator, please please please
Friday CPI report is going to be a bloodbath for the market
#Bitcoin
9:11 what!? Why it should start to rise if employment rate is too low? I don't get it?
How can inflation exist in a zero interest climate where wages are stagnant? Sorry, being Australian I don't get that (Australia is big but our economy is medium sized). It's different here. We have all the above but we are having a stupidly wild housing market - everywhere. People are greedy & stupid, rates will rise. When the US ups it's interest rates, a lot of Australians will learn that a $1,000,000 loan on a $120,000 income is not wise.
Bankrupt America since January 20 2021!
Is this person right to think graduate degrees give more skills? I thought working in the job did that.
Your bachelor's degree is not worth Jack anymore.100%
This is an advertisement for value investing and not a about bubbles. Misleading information. Let's take gamestop, says that the bubble popped and that it lost 50% of its value from its all time high, which is true, but very misleading. Gamestop might be down 50% from its top, but is still up around 3000% from the beginning of 2020. How can you say that the bubble has popped?? If you are going to compare everything from its all time high, it looks like almost everything is a bubble. Even simple facts in this don't make sense. For example: 2:56 they say that dogecoin is 'down over 90%' . If the high is 0,74$ and its down 90%, the price would be 0,07$, but its around the 0,20$. That's a 73% drop, not a 'over 90%' drop. Or if you want to show tesla's all time high, just google all time high and you'll see that it's not 1209,75$. It is 1243.49$ on 4 november. Come on ...
If USA does not want this technology to go to other countries like El Salvador, Russia etc. they should really leave some freedom for the Crypto Space. Trying to keep it down may work on short term, on long term it will just make it grow somewhere else.
Inflation is width the government needs But not the people
They hate tesla so much they believe it's a bubble
The EV bubble. Is way overinflated and some younger people like EV but to be honest is not that much and actually many don't even like cars
Marhaban Thanks for the coverage habibis.
Inflation is good for the producers and bad for the consumers.
It really gets me when these commentators get on here in defense of the Fed the reason I am saying this the FED does not have any dummies on it staff what I am saying here the Fed was not late on any of the financial crisis has they let it happen like it or love it it's the truth
This would be so much better if they were treating the fed as the criminal organization they are instead of can them help do this or do that ... but sure I forgot the channel too is a part of the criminal organization... simply put they skimmed off the top and robbed middle class blind through years of money printing
The us economy is dead, these people should be ashamed of themselves for doing this to the country. They just keep printing money, more inflation is on its way.
PAIN GIVES A LESSON & EVERY LESSON CHANGES A PERSON.!!!*️️️
Tesla is not in a bubble. Tesla isnt selling its cars to hertz at a discount. Hertz has to order on the Tesla website like everyone else, at the current price. Tesla has made a profit over the last 7 quarters or more. Its also in the S&P 500. Its not just a car company. Tesla is cheap today at its current share price, and is projected to 3X its current share price in 5 years or less. Tesla didnt need to be included in the report. Just a click bait article as usual from . It worked, they got me to click on it.
Huh. This is the one problem that can't be resolved right away. It will take years and no legislation will be able to fix it
As a south african can I ask a question>
Sure raise the interest rate to 20%
if the mask is below the nose .. it does nothing,,
0:18 lol.... 59% Come in India
Easy take $17t in wealth tax and tax evasion, and pay back fed. This removes $17t from economy and from those who either need it nor allocate it well.
To US goverment : less warmongering, care more for the people
A lot of people dont have any food on the table, but they have forks and knives
As the old saying goes : "Keep printing and spending. Things will turn out ok." _Brandon_
I guess everyone can identify the clown in this hearing.
The people you have talking about crypto cannot even spell it...come on.
The issue with this is it brings a bunch of different sectors together to prove a "bubble" yet the supposed bubble is implied to be specific to one market? so they pretty much prove their own theory wrong. they basically saying "one of these markets could be in a bubble" while showing significant increase in value across all assets since pandemic. Meanwhile it is not discussed that this is primarily due to rampant global money printing inflating currencies around the world so yes assets will go up especially since governments and banks are pumping this printed money into assets.
easy... RAISE THE INTEREST RATES!!!
guess we going homeless
D All of the above
No, inflation cannot be stopped.
The solution is production. More products Will keep princesa down
When inflation goes above what can be earned in the stock market, people will bail out fast. Nobody is going to sit and watch the real value of their money decline month after month.
The entire economy due to what I got on the "BACKBURNERS"
Trump
6:00 You know what? Investors bet their money on the future of the investment. I won't invest in a company because it's big now, I'll invest in it because it'll be bigger in the future.
socialist has worked out for them. Keep voting for the democrat party and we will all enjoy the equality of poverty.socialist economic policies always fail,and only lead to the collapse of a nations economy. Just ask the people of Venezuela how voting for liberalsWhy are people surprised inflation is rising? History has proven time and time again that liberal
Greed is also the problems. The wage is raise and so the landlords and other field of businesses start to change the price to enrich themselves more.
Could it be both the trade war and covid are the perfect storm?
This is what the government wants. Inflat their way out of debt but they just keep borrowing way more.
Even the bond market bubble hasn't popped yet. The biggest Ponzi of all. Bringing an old w guy who's a gold bug to tell us Bitcoin is a bubble... might as well bring us a drug dealer to tell us why drugs are great for us
Everything is bubble no place is save to invest your money
We want low prices, but we dont want our products produced in China (where there is cheap labor). We want a low priced cake, from a high paid American baker, and we want to EAT IT TOO!
No because represent paid more easily your own.
Food and Energy prices seem to affect more Citizens than the other effects..... The FED seems to overlook a lot of citizens when they review prices....
Bitcoin is the best way against inflation
POWELLLL GO BRRRRRRRRRRRRRR!!!!.....
Here you can see how last generation can not engage with new generation, and usually next generation goes on.
Collapse
Something is going on in the world and dealing with the sells of idea
Interest rates are too low. That's always a critical tool for controlling inflation.
LOL when I hear the 2 % preferred rule... Have they ever done a good job of keeping that the average rate.. LOL! I think the average rate has been more closer to like 3 or 4% over the last 40 years, let me know if Im wrong. I like learning more than I like being right by a lot.
Tldr: yes they can, no they won't
STOCKS and Bonds were created to make the elite wealthy.. Not some thing that is, or ever was, a NECESSITY. It's sadly, just like playing the LOTTO. But people continue to do it, even post-Pandemic.
A recession is when your neighbor loses his job. A depression is when tounlose your job. A recovery is when dr Fauci loses his job.
NOT WITH BIDEN AS PRESIDENT OBVIOUSLY......
Lmao imagine saying that inflation happens because someone asks for a raise. What about not lying for once? People are desperately asking for a raise trying to keep up with the rampant inflation that money printing creates
Brian Brooks like the dad in the room educating everyone
When the government spends trillions it dilutes the money supply. Not just base money, broad money too. We all got those stimulus checks and we're paying for them with increased costs......
Printing 40% of our currency in 12 months was a stoopid moved!!
Yes. People have a little bit of concern about the economic situation. But did you know that the Russians are going to invade Ukraine? And there are human right issues in China, and Iran is building Weapon of Mass Destruction?
US: Bring jobs back to America! Also US: ""No one wants to pay higher prices for anything" 0:23
2:51, that's not 90 percent...
Just saw that inflation just reached 6.8% (the highest in 39 years). If Jpow doesn't stop with his printer, inflation in 2022 could be wild af
Like Facebook. Congressmen don't want to seem retrograde. Only 4 serious questions:( play to earn, what is that? Nft?... Pump coming
Tesla aint just cars ~ Its gonna be a new World Order. Think Space X.
Tesla and btc worst investment if you jump on now Apple and Microsoft better they hold there growth and mean something
When you print more money anytime the economy has a dip and give people "relief funds" aka money for no reason. You will have to pay ot back through inflation.
Brooks smashed it.
That first 5 minutes is the longest time I ever listened to Maxine Waters without having to facepalm.
Consumer spending power has remained relatively flat during the pandemic while the ability to spend was reduced. This results in a shift from spending on services, such as airfare and hotels, to spending on goods, which is subject to massive supply disruptions. Americans saved at record levels in 2020. If we really want to get goods inflation in check, we should work to entice other countries to reduce COVID restrictions to allow for a free flow of tourism. Spending on vacations reduces the appetite to buy a new car or other goods on a more frequent basis, in turn reducing demand on supply-strained goods.
Peter Schiff knows what the problems are. Try listening to Austrian economics.
You need to get a trade! So you dont get a crap load of student debt and will always be needed!
Finally a that portrays how the elite, the Federal Reserve, the Congress, the president, and the media think how dumb the American public is. Their condensation only shows how dumb they look.
Inflation? Really? Why are Treasury rates dropping? Why are they basically nailed to the floor? Why does one famous historian say interest rates are at a 5000-year-low? Low rates mean abundant credit for viable businesses. That means employment and rising wages. Those are all good things. Americans have so much stuff jammed into their McMansions they have to hire people to haul it away before they buy more stuff. We throw away more food than other countries eat. If your lifestyle is cramped by un-preventable economic cycles, it's because of your unrealistic expectations.
%3 interest rate will bankrupt the US. It's simply not possible to raise it that high which means if inflation ever manages to slip and expectations enter a loop, there will be absolutely no way to tame it back. The US has to start paying back the debts for which it needs to let go of the strong dollar insistance that creates almost a trillion dollar deficit every year.
Mr. Mooney seems to be living in the Cuban Missile Crisis Era, why the focus on "rogue states" and the possible use of crypto in evading sanctions? America World Police has caused more misery in Cuba than anything its government could do internally. This hearing is about innovation Mooney, get over 1980s policy.
Nobody wants to pay more, yet the same people no want to charge less
I'm glad they called out Gensler during this. That guy is a joke
Lets go Brandon
why you boomers want these news be real !! fckıng us news all balloon !!!
Joe Biden=INFLATION
That what happens when you print 2 trillion $ out of thin air.
Can it be stopped? Not until a senile old man quits printing money.
Feds should have raised interest years ago....tapering off won't do a dam thing.
Yes of course, what goes up comes down, but in this case not in a good way. Deflation is FED's nightmare.
Yes! Remove the Democratic party from office....
The Federal Reserves needs to stop printing money for the private and public sector for a whole year. Then have a Interest rate of 1% for the next year. This will force the federal government to raise corporate tax from 21% to 50%. Close corporate tax loop holes and tax breaks. To still insetive investment the federal government needs to abolish the capital gains tax and replace it with a 3% wealth tax on anyone who has 10 million dollars or more in stocks, bonds, precious metals, foreign and domestic currencies. The Federal government will have double the pay roll tax. Abolish income tax for anyone making less than one hundred thousand dollars a year. While having a 50% income tax on anyone who makes a million dollars or more with no tax breaks. The Federal government needs to abolish the federal fuel tax and replace it with a progressive land added tax.
Cost of liberal agenda folks
it's a worldwide event... amigos
Only asset that is not a bubble is bitcoin few understand