Today's top headlines:
UK reports record of more than 93,000 daily Covid cases
BoJ to wind down pandemic funding but keep loose monetary policy in face of Omicron
Ireland imposes new curbs on restaurants and indoor events
Cases in South Africa's Omicron outbreak region show signs of easing
JPMorgan to pay $200m over staff messages on personal devices
Turkey suspends stock trading as currency strain spreads through markets
Tommy Stubbington and Adam Samson
Turkey's main stock exchange halted trading on Friday after the country's currency crisis, already stinging bonds, spread to equities.
Borsa Istanbul announced a temporary so-called circuit breaker after its main BIST 100 index fell 5 per cent. After trading resumed the benchmark was more than 8 per cent lower. The selling came as the Turkish currency fell a further 7 per cent to a fresh all-time low of more than 17 to the US dollar, and a day after the country's central bank once again lowered interest rates despite an annual inflation rate of more than 20 per cent.
The lira has halved in value so far this year following a series of rate cuts, as president Recep Tayyip Erdogan — who rejects the economic orthodoxy that high interest rates rein in inflation — exerts increasingly close control over the central bank.
"The central bank has totally lost control," said Timothy Ash of BlueBay Asset Management.
The stock exchange also said it had halted repo transactions in Turkish bonds as prices extended their recent decline. The yield on Turkey's 10-year bond rose by 0.3 percentage points on Friday to 21.5 per cent.
US CDC recommends frequent testing strategy to help students stay in school during Covid
Peter Wells in New York
The top US public health agency announced new options based on more frequent Covid-19 testing to help students stay in school in the event of exposure to the virus.
The Centers for Disease Control and Prevention on Friday highlighted the use of "test-to-stay" strategies schools could use to minimise absenteeism and learning loss, which can occur if children have to undertake the traditional practice of quarantining at home.
The agency's new options were based on studies undertaken in two separate communities at schools that already have prevention strategies (namely mask-wearing) in place and students were unvaccinated.
Under the test-to-stay strategy at these schools, close contacts of a positive Covid-19 case were monitored for symptoms and stayed home if they became ill. Those without symptoms were subject to regular testing.
Regular testing of exposed students needs to take place "at least twice" during the seven days after a child has been exposed, Rochelle Walensky, CDC director, said on Friday. "If exposed children meet certain criteria and continue to test negative, they can stay in school instead of quarantining at home," she said during a press briefing of the White House's coronavirus task force.
The CDC over summer laid out recommended health and prevention strategies, including mask-wearing and distance between desks, for schools to follow in an effort to help students return to in-person learning when the new academic year began months ago.
The US has averaged about 119,000 new Covid-19 cases a day over the past seven days, a 7 per cent increase from a week ago, Walensky said. Hospital admissions, averaging 7,800 a day, are up 4 per cent from a week earlier and the seven-day average of deaths has risen 8 per cent from a week ago to 1,200.
At least 39 states in the US have now confirmed cases of the new Omicron variant of coronavirus.
Really well done.
is FUD, squeeze season is close they want you out of your AMC GME shares shorts havent closed positions.
Fire job Biden
At least we dont have a racist Russian kgb spy in the White House am I right?
The Fed caused inflation and are reluctant to do anything about it now.
This is price gauging, not inflation. This is an issue supply and demand. Supply changes are always difficult to master and it is hard to meet the demand.
The 'crisis' won't stop until they usher in that chip if ya know what I mean.
Im working worldwide for god servant thats it
I'm broke, not buying anything. I'm a patriot and doing my part
I guess who made this is the smartest of the litter
Housing is a thing. Its a necessity. Now: Lumber is a thing. Its a necessity.
So you need to buy Bitcoin . Bitcoin is the future
#ELONCOIN #DOGELONMARS
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!
Stop printing money and stop the government from spending. But the main cause of inflation is the value of the dollar. The more the government spends the value of the dollar gets smaller. Which drives up the cost of products. Stop the spending. Stop the Build Back Better bill. Bring back jobs at the oilfields, close the borders and lower taxes.
Lies, damned lies, and statistics
When he first started speaking and straighten his eyeglasses you knew he was going in
To be clear the Federal Reserve is not federal and has no reserve. They are only here to rob the american people of the value they have created.
Tldr: yes they can, no they won't
Inflation isn't that hard to stop and once you realize that you realize that central banks are doing on purpose
No, no they cant
Houses have double in price in two years practically. Thats hyper-inflation. Plus how is housing only 31% of CPI when it accounts for more than half our paycheck.
Nope.
0:18 lol.... 59% Come in India
bubble
If they can stop people from opting out of the dollar system using crypto and stop people creating their own printing machine using pegged coins maybe.
No time stamps?
Taleb doing zero research as usual.
this isnt good optics for biden, should shut this down
#Bitcoin is the best investment ever!
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 ...
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
Nope people need inflation in their pay checks
Hello Mrs Violet legit and her method works like magic I keep on earning every single week with her new strategy
Bitcoin right now doesnt have fundamental value. Tell that to Tesla, Square, Cathy Wood, Goldman Sachs, CitiBank, Morgan Stanley. Cant believe idiots like this get paid to be stupid.
stupid take, the oil price has dropped, it should hult it a little. we can take a page from athens, just produce too much oil
Old farts probably don't even know what the CEO's are taking about.
.... Nope ... it cant ....
The better question is can the US stop infiltration from communism.
Has it ever stopped ? Dumb question
Wow this is one of the worst s on economics i've ever seen. Almost everyone talking sounded like a complete idiot, and the is filled with non-sequiturs. Terrible voiceover lines that make no sense as well. Does now purposely produce actual garbage?
Lets not blame government printing money .
The world governments created this problem using covid as an excuse.
9:11 what!? Why it should start to rise if employment rate is too low? I don't get it?
I'm broke, not buying anything. I'm a patriot and doing my part
Capitalism only works if debters experience real world consequences. The Fed is a socialist organisation. Abolish the Fed and return to a real price for money, and let those who take on or lend out foolish amounts of debt suffer.
All you normies who think bitcoin is a bubble, good luck.
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
The inflation, Afghanistan, forever Covid, supply chain issues, Ukraine, Iran again enriching uranium and more are attributable to the global chaos Trump unleashed.
Inflation is an expansion of the money supply, period! Rising prices are the consequence.
*short - NO, LONG - yes, but again - no, cuz to stop inflation FED should have risen interest rates, but FED lost it & stalling time, cuz any interest rates hikes means your mortgage will double& trulipple. Then bankruptcies. So FED will keep high Inflation and people will get poor. Other side is bankruptcy. No good options, cuz printing money costs, now US citizens will pay the price.*
according to anything that's going up is in a bubble
80% off all democrats have BTC from the stolen money that they need to hide and store somewhere els liberal make me sick
If the general public coast to coast are not waking up and take actions that benefits their country, then undisputable praise should be given for the FED. Naturally if we are not learning from the ignorance we create by ourselves to begin with, then blaming the actors of manipulation and corruption is not helpful.
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
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
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
The inflation crisis hasn't been stopped since 1913.
Are these people for real. Markets price the future I would have lost tonnes of gains of i had listened to these smartasses thank God i held on to my ether.
Certainly not Bitcoin. Try house prices.
Raising taxes, fees, interest rates and turning off the money printer. Just a few things from the top of my head.
The base of all this roots to the crazy real estate prices , Rest all are increasing like Gas, Food etc...Arrest Real Estate Prices, and rest will fall in line!!
Republicans grok this so much more than the Democrats.
booster shots are inflationary. Who's paying for tests and vaccines? Your purchasing power. When government interferes with the working class and businesses through more and more regulation, does that increase output or decrease output? It decreases output causing higher prices for goods and services. Bill Gates' carbon tax to fund his chalk marks in the sky. Is that carbon tax inflationary or deflationary? It's inflationary. There is zero benefit to the middle class by flying airplanes spraying dust into the atmosphere. The entire process is inflationary.
Housing inflation ripples into every business in our nation. The housing shortage and high cost of living are caused by zoning laws that limit density to protect the wealthy from being impacted by the poor. Supply and demand can't work when government is limiting the supply.
Bit coin just makes inflation worst taken liquidity out of the market and forcing the fed to print more money till we get 3 rd world economy
Inflation is just corporate greed .....when corporations need money from government and then post record profits......that is corporate greed ...plain and simple
Buy back xrp
So after they question them they get up and leave - how the hell are they going to understand anything by not hearing everyone.
The most stupid is how some commentators and politicians just want to be against anything that FED does and now are talking about how they should raise the interest rates. Economics does not work like there is some magical lever you would put up and inflation would just stop. People in FED are not some idiots and they at least kind of know what they are doing, in opposition to politicians.
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 ...
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....
Youre not gonna need a graduate degree. Many coding jobs dont even require a bachelors anymore. Gotta love legacy media and their Boomer advice.
Who sponsored this segment? Jim chanos?
Michael Barry is a clown lol
Ill take bitcoin
I guess who made this is the smartest of the litter
Только херни не делайте
Of course they can. They can REVERSE this at anytime. With CONTROL of the supply, they can control the Price. This is ALL set up to slowly choke the life out of alot of people.
The Fed printing more money will just slow down the economic collapse, it will eventually happen one day, and it's not just in the US, any other countries have the same chance. This is why I invest in crypto. Not a financial advice of course but if you look back in history, bitcoin's price just keeps getting higher unlike fiat money we have today.
Can water stop being wet? How is this even a serious question???
work against inflation only in high dosages when it is worthy to stop lending money and put them into FED deposit instead. 4. Deposit rates do not fight against inflation in short-term but in mid-term, because commercial banks have to wait until their money come back and investment bank can not use FED deposit, so you have to wait until people take money from their investment accounts to normal accounts. By this money flows out of the stock and bond market which slows the inflation 5. In the long term deposit rates actually makes inflation higher because all that money for the deposit return has to be printed by FED. So thank God that FED holds ground and is not panicking. This inflation is just a price for rescuing the US economy in 2020. When you printed trillions and put them into the economy it has some consequences, nothing is for free.
Nope people need inflation in their pay checks
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.
Brandon had a plan,,, a demolition plan and he is working on it.
Well done mini-documentary, usually the economics is poorly done by mass media.
Diversity and under-representation concerns with banking and minority wealth creation, CFTC and SEC common regulatory regimes, asset regulation properties and risk-gradientization vs binarization as "is security" or "is not security", spot Bitcoin ETF confusion despite futures ETF prices coming from spot prices, zk-snark-based tax ids and digital zk-based digital ids generally, FDIC insurrance on stablecoins taking into account USDC's similarities to and differences from a bank, CBDC principles, broker definition clarification and narrowing...all good stuff. Keep it up y'all! Looking forward to the next one.
Smoke and Mirrors
Yes, get rid of all democrats and socialists
Having Tesla in the thumbnail always helps with audience engagement lol
Stop Printing money
enjoyed your stimulous? this is what helicopter money creates
They said the same thing about bitcoin when it hit 8k per coin. 5 years after, It jumps to 50k per coin.
My homeboy apartment complex just increased his rent by over $400..wages are up 3% but inflation is at 6%
Nice ! I was able to build a big income stream during the covid-19 pandemic investing with a professional broker, Mrs Elizabeth Wesley.
Buy #DBA TOKEN now this is your last opportunity
Stop printing money , gold to dollar ratio is poor in us wake up or you will next venesvala
could not buy ethbear today at ftx, why is that i wonder?
Bitcoin isnt a bubble but an emerging market. Do you want internet to continue do you want digital Centralised finance from Government or do you want the Peoples Decentralised money wealth BITCOIN!!! THE Peoples wealth
Please don't try to mislead people. 5:50 "Bitcoin right now doesn't have fundamental value". Neither does fiat currency, other than maybe using bank notes as toilet paper or kindling. The value is just an agreement between people. You CAN buy valuable stuff with Bitcoin the same as with USD, if the seller agrees that it can be exchanged for goods. Many people and companies do. I don't hold any crypto but I'm interested to see where it goes.
Short it then, if you believe it will pop
the dolor is spreading. that's what you get for messing around
Any body who believes this propaganda is dumb.
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.
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.
However, there are drastic up and down turns and movements in the crypto market roughly every 4 years, the up and down turns, bull and bear market are broken into halves more or less and are associated with the Bitcoin halving cycle. So it is actually somewhat very predicable. We even have rough ideas of where it can likely go within a time. If X,Y,Z happens. There is also movement based on news and adoption associated with main stream companies and industries, along with entire cities adopting or working with, here in the U.S and small national countries around the world...
After long consideration of the facts counterfeiting money, credit cards and fraudulent methods of payment should no longer carry a penalty. What's good for the goose.
Why would they want to stop inflation when an explicit goal of the Fed is the continuous devaluation of the USD?
Tesla aint just cars ~ Its gonna be a new World Order. Think Space X.
So many opinions in the and in the comments, and it's like, does anyone truly know what's going to happen?
Happy w usdc and Binance USD so far but coinbase CFO needs to hire some customer service agents I know more people who have had problems and left money there its nearly absurd
XLM CEO!
I don't think liberals understand how the economy works.
Nope ...the government can't stop spending money.
*The crypto market has been favourable in the past weeks, I keep missing out on this opportunity, I'm most certainly very impatient how can I ever make a profit in the crypto market*
How to stop? Get rid of government and unlimited money printing
it can... if Biden stops printing money
Over $20T in quantitative easing under two presidents, a trade war with China amongst other factors got us here.
Inflation in the US is overstated profits are way up for corporations, big corps are using inflation as a cover for increasing profits.
Isn't it because we keep printing money?
Inflation is running out of control - sad to say
Nice ! I was able to build a big income stream during the covid-19 pandemic investing with a professional broker, Mrs stacy maya.
middle class. I think the latter is what the Elite is going to choose.Raise interest rates and crash the world economy (because the world is neck deep in debt and raising rates would finish them off) OR keep printing and let inflation slowly eat the wealth of poor
Far too much panel time was expended on stablecoins, which only represents 5% of cryptocurrency
This time its different. MMT forever.
Inflation in the US is overstated profits are way up for corporations, big corps are using inflation as a cover for increasing profits.
Turkey is like they get to print trillions and my currency is worthless
Core cpi tracks inflation minus food and energy and that's the inflation metric cited when they tell you inflation is only 6%... As if we don't need food and energy pfffffff Don't even get me started on hedonic adjustments.... The info is all there, we just need to look.
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
Nope not when we keep printing all this $
Is it possible that 'The Fed' uses ossified factors in their calculus? This presentation illustrates that several 'blind-spots' have taken 'The Fed' by surprise.
The more you are resistant the more you are schooled, eloquently.
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.
I am a 100% bitcoin and crypto supporter and investor. But these CEOs sound like the current crypto environment is good or perfect but in reality is not, I study and check different crypto daily. To me, I saw so many fake, scam project in the tail of the market. Also, on the trading side, i highly suspect lots of trading volume is artificially means not real in the small manipulated coins. There are a lots going on behind the scene, definitely not very stable or anything perfect as now. But I believe the future of it.
We need Unions and Political change to solidify our rights as workers & people.
America don't solve any problems.
This is what the government wants. Inflat their way out of debt but they just keep borrowing way more.
Answer: no. Inflation 7% once it starts and gains speed it cannot be slowed or stopped and could run for 6 - 8 years.
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
Three words: Cut. The. Welfare.
The 'crisis' won't stop until they usher in that chip if ya know what I mean.
BITCOIN
Isaiah 5 20-21 20 Woe unto them that call evil good, and good evil; that put darkness for light, and light for darkness; that put bitter for sweet, and sweet for bitter! 21 Woe unto them that are wise in their own eyes, and prudent in their own sight! Revelation 22:12 And, behold, I come quickly; and my reward is with me, to give every man according as his work shall be. Ephesians 2 8-9 8 For by grace are ye saved through faith; and that not of yourselves: it is the gift of God: 9 Not of works, lest any man should boast. Acts 2:21 21 And it shall come to pass, that whosoever shall call on the name of the Lord shall be saved. Romans 6:23 - For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord. Call on JESUS!! ONLY JESUS SAVES!
My guess... Big pharma
cut your credit cards, stop using your stupid phone and these guys will wither....we are run by criminals and biden is a criminal, just like all these presidents are. and it will continue. Ignorance is not bliss.
They have enough authority as it is they should not be controlling us like this
I think MSM calls anything not well understood a bubble. Within each sector there are likely some, but I dont think everything is a bubble imo.
CRYPTO IS FOR THE PEOPLE, and CREATED BY THE PEOPLE. Change My Mind. ️
Has the Federal Reserve done anything right?
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?
Where was Satoshi?
How can the pace of recovery be any slower? Poverty is increasing with inflation.
We are all screwed for years to come no matter how much you own. We are all in debt for a long time. Expect your taxes and rents to stay up ⬆️ for years while average wage struggle to keep up. Way to go Powell!!! Poor get poorer and the gap between the rich and poor to widen and poverty to get worse This will be worse than 2008.. god bless us all
How much is the appreciation of digital coin contributing to inflation?
commerce educated) opinion, the most bubbly thing right now? S&P 500.OK I hate how their definition of a bubble is super unclear. Tulips were also a "thing", like lumber, and in 1600s Netherlands that was the DEFINITION of a bubble. So I'm going to take a stab at this definition - Supply chain causing shortage is not a buf, bubbles exist on a scale. In my (not economicallybble, because demand has not gone up due to speculation. Seriously, who's going to speculate on lumber? Maybe a few individuals, but speculation itself is difficult to do, and everyone believed prices will come down. Housing right now is more of a bubble, because demand has gone up due to the pandemic, it's drawing investors, and creating a cycle of inflating prices. But Odyssey guy is right, there is a supply issue too. Prices going us is not a bubble, speculation and investors over-stretching due to FOMO creates a bubble. It's also not a boolean t
Inflation need to keep you guys poor
I'm from Ukraine but so happy to see US regulators attitude and ceos delivery, 5 hours of smooth enjoyment!
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.
Save me money, save me. Where has your power gone. We will sacrifice for you, even our children's future. We will multiply you and worship your image. Who knew that money was a religion..... and the whole world worships it.
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.
#letthemin
My homeboy apartment complex just increased his rent by over $400..wages are up 3% but inflation is at 6%
Inflation cannot be stopped, it can only be controlled to certain extent. Inflation is an inherent property of economy driven by growth and profit extraction in the world where objects of value have absolute limits in quantity.
Well, stop buying. Cut back to your essentials.
But Huobi's cryptocurrency is not tracable at all. My USDT all missing at Huobi and losing trail. No record on blockchain as well. So what is digital currency if the stable coin USDT is not recorded on blockchain?
Current economic model comes from assumption, and it leads the inflation. I think changes needed to global economic model, otherwise it will be a like chicken and egg problem, chasing around the tail forever. Nobody will be happy getting higher wage but in the same time the expenses getting higher too. It's exhausting for the government trying to control it. Does anybody here feels the same way as I do?
Inflation is a great way to steal the wealth of the people, and Get rid of government debt Faster. Central banks are a Communist utility. A great way for the Oligarchy to bankrupt a nation And impoverish the people. It Is a debt-based system. All fiat currency returns to it True value. ZERO. this is why some of the founders Fought the Bank of England Tooth n nail. Obviously they Lost. This why per the constitution, central banking Is illegal. Its stupid to pay a private bank to print money, When you have the ability to do It yourself. A central bank is the easiest way to take over a country kinetic war is way to harder And much to costly in every Way. Besides, by using a bank, The people dont recognize that Theyve been turned into Slaves. In 1815, Rothschild made his famous statement: "I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man who controls the British money supply controls the British Empire, and I control the British money supply." . And so the same goes for The Corporations called the United States of America and The United States. Both are Separate corporate entities, Just as London and the City of London are separate Corporate entities.
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.
Where was Satoshi?
You think it will be stopped? It was planned! WAKE UP! Basic playbook leading to Great Depression. Who benefits from inflation? What benefits do the 1% have from transferring what wealth is left from poor and middle class? Total power and accelerated rental revenue growth. Once the 99% scoop up all homes the opportunity for poors to build wealth will not exist. The rich already own over 90% of stocks and crypto so at any time they can pull the rug. You want a decent return with your money, feel free to invest it in the rigged stock market. The market doesnt follow true price discovery, it is layered with loopholes and crime designed to confuse you and strip you of your money. The market isnt regulated, the people who regulate it receive funding from tax payers but ultimately are bought off by Wall Street. Dont expect congress to help because they are bought off too. Covid is the event they will blame the crash on to avoid an uprising. They will raise rates and take your homes and investments. Then after that the only way out is war, and guess who benefits from that too? We are fukt!
Biden couldnt stop a nosebleed.
Inflation is double digits! Stop lying
Jay Powell and the Fed should be rocketed to Mars. They pushed for all the monetary and fiscal stimulus, and now just can't fathom "how" we got this massive inflation. F-ing morons wanted to inflate away the US debt....
Protect the dollar and crush America
This was one of the dumbest s I've ever seen. Not once did they mention the massive amounts of money added in circulation the past year.
Cathy Wood sez Value will be slammed in 2022 Over supply
Biggest bubble is the government printing money like there is value in it. The money is simply going to many of these investments as a way to keep up with inflation. Rich get richer no matter what.
Stellar sounds more like a marketing pitch
I don't know which of them are bubble, but I know where are all those airs in the bubbles come from, the fed.
Unfollow!!, really hate elon, cryptu and many more.
2:41:05
Wait for it.. XRPLET THEM IN. 4:12:324:13:45 Mr. Brooks
END THE FED!!!!
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My homeboy apartment complex just increased his rent by over $400..wages are up 3% but inflation is at 6%
You voted into office a 78 year old with dementia and you are surprised America he is incompetent?
Interesting,I heard inflation would not happen last year.
Tldr: yes they can, no they won't
if the fed can: a) stop population growth b) stop people who invent new things like technology which take away jobs c) provide 100% job security
I see Bitcoin. I click on it. I know why MSNBC put that Bitcoin.
Does anyone know what are the 3 crypto companies shes talking about in 9:13? She said they got approved by the OCC
Homes will never crash
Nope
Crisis?
Hope that government going to shutdown all the crypto website soon. Crypto is scam........... they charge fee too high and I believe they are the ones that hack into some people account and stole millions of dollars because only they team knows all your information and passwords. I don't trust these crypto website........
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.
CRYPTO IS FOR THE PEOPLE, and CREATED BY THE PEOPLE. Change My Mind. ️
Protect the dollar and crush America
Stop inflation is stopping raising price of the products Way before that stop private bankers lake federal reserve control United States currency The trouble started when Woodrow Wilson sold out America and Americans People in to federal reserve crooked banking On December 24 1913 Make no deferent Who getting to be elected Republicans or slow democrat's Everybody's Who can control the currency can control the country
Another with a higher dislike to like ratio. This one has also been masked. Pravda comrade!
Bit coin just makes inflation worst taken liquidity out of the market and forcing the fed to print more money till we get 3 rd world economy
Unfollow!!, really hate elon, cryptu and many more.
Go ahead , short Tesla. Feel free
No
Nope
You have people calling for a bubble every single year to get clout and prove their a genius. They literally call for a bubble every single year and when one finally happens they say see I told y'all so and people call them a genius smh.
Brooks is my new bro. He just gets it.
Nice how Cramer used "breaks" instead of "brakes."
No soup for you.
stop giving handouts, stop waiting for handouts, go back to work...
The federal reserve should have negative interest rates because negative interest rates would be great for the economy.
Feds should have raised interest years ago....tapering off won't do a dam thing.
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.
But Huobi's cryptocurrency is not tracable at all. My USDT all missing at Huobi and losing trail. No record on blockchain as well. So what is digital currency if the stable coin USDT is not recorded on blockchain?
Biggest bubble is the government printing money like there is value in it. The money is simply going to many of these investments as a way to keep up with inflation. Rich get richer no matter what.
Can it be stopped? Not until a senile old man quits printing money.
Just another slick willie. How can you compare druga that make a drug company rich to this stuff?
it's a worldwide event... amigos
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Skip to 29:00
Goes to show you that the Fed even with their "research" know near to nothing about cryptocurrencies.
THE FEDERAL GOVERNMENT SHOULD NOT HAVE ANY CONTROL OF MONEY OR A BANK CONTROLLED BY THE GOVERNMENT. Get it through your thick skulls.
Can the US shut up about inflation?
Three words: Cut. The. Welfare.
Oh yes my wealth is increasing 10x
Biden said that the administration is "closely monitoring" inflation. Safe to say NO, the govt cannot control inflation.
Isn't it because we keep printing money?
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
If you don't own a house and stocks you are doomed.
Sure it can, they just dont want to stop inflation.
We are all screwed for years to come no matter how much you own. We are all in debt for a long time. Expect your taxes and rents to stay up ⬆️ for years while average wage struggle to keep up. Way to go Powell!!! Poor get poorer and the gap between the rich and poor to widen and poverty to get worse This will be worse than 2008.. god bless us all
You want to control inflation? Turn off the presses and let 50% be absorbed into the economy.
hey guys remember when you wanted minimum wage to be 15 bucks an hour? remember when we all warned you prices would go up? now look at you... so many people complaining about inflation... you got what you asked for... when you make more money... that money doesn't just poof out of no were... it has to be earned because companies are already paying out in labor typically close to their max allowed budget that still allows just enough for a good profit for that store.
Protect the dollar and crush America
Gas prices are not inflation related
They're talking about run-of-the-mill inflation driven by wage-price spirals, and saying that's how you get an inflationary spiral. In my mind, that's not the only way. We have a fiat currency and it's value is really derived from people's faith in it's value. You can print money and encourage borrowing etc, but much like stock market bubbles, there is a tipping point in there when all the feedbacks turn from negative to positive. Normally, you hold money, it holds it's value, there's no real push to gain or spend it. If you think inflation is going to increase, it now becomes a hot potato that you want to spend as soon as you get it. You do this by buying useful assets like houses, land, food, things you need. When everyone does this it drives up the price, which would normally dampen demand, but if the expectation that money will continue losing value and the price will only increase, then the price doesn't matter anymore. Sellers can ask arbitrarily high prices. But who's going to sell into this and accept that money? Thus supply goes down at the same time demand goes up, further exacerbating the situation. The government has been pumping new money into the economy to try and stimulate it, yet velocity stays low. Who needs to spend all that money under normal circumstances? But what happens when it all starts losing value? All that "cold" money suddenly turns hot, and the *effective* money supply suddenly increases. Meanwhile, everyone is also incentivized to borrow as much as possible to "short" the currency, further increasing the supply. But who wants to lend into this? The credit market slows, and the government steps in as "lender of last resort" again....using printed money. Meanwhile, the massive amounts of money tied up in the stock market suddenly need a new home. I mean, who wants to hold a stock when all you can get out of it is increasingly worthless money. You paper gains are impressive, but it's only a reflection of the fact your asset is losing value, because the only value it has is denominated in dollars (rather than any kind of tangible use). I mean it goes on and on. Wage-price spirals may be a part of 'normal' inflation but they don't really play into hyperinflation.
My concerns band questions are as follows. Can crypto currency be used to purchase items at a yard sale? Can it be used at the strip bar, can it be used to buy nuclear armaments? Can it be used to support failing enterprises domestically or abroad? Is it fractionally reserved bankable, can the thousand day interest method be applied towards it? Does it honor the founding fathers? How easy or difficult is it to counterfeit? Is it FDIC insured? What backs it, could it be taken to a bank and exchanged for an IRA contribution? Does it cost money to use like some debit cards and credit cards? How difficult would it be to loan one of a crypto currency carriers friends or relatives twenty dollars if a situation arised? Could it be used to donate to charities? What about campaign contributions?
Well the usd hasn't actually met real inflation as global players keep on purchasing the USD, the current inflation we're seeing right now is purely artificial. Exchange rates haven't changed much. Prices of actual commodities still are purchased in usd, until the global economy ceases to subsidize this ponzei scheme, the fed will keep on printing.
I respect your work mate. TA i's all well and good but i find it truly baffling that all major crypto rs just look at pure TA and completely ignore the bigger narrative of why BTC is pumping and why the future outlook might not be as rosy as it seems. It's kinda Irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. This is the worst possible time in history to invest as so many don't back up their crypto assets.
stop printing dollars, stop stimulus checks, shop lifting debts, stop democratic bills, but nothing gonna happen. Only let's go Brandon....
How the heck is housing not in that thumbnail. Or united states debt.
Sure raise the interest rate to 20%
Yes, abolish the Fed
Chart at 2:10 is just wrong *scales*
Inflation need to keep you guys poor
Over $20T in quantitative easing under two presidents, a trade war with China amongst other factors got us here.
it can... if Biden stops printing money
Nope not when we keep printing all this $
How much is the appreciation of digital coin contributing to inflation?
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.
Buy Apple!!!
If you own Tesla stock Bitcoin and apple you will have a very comfortable and cushy future, while all around you people will be fighting over a potato.
never had so many viewers with this wild exciting political discussion
Buy crypto, the system in broken in the core
is wrong on Tesla. Tesla is barely getting started.
The more I watch these short s I get this notion there pushing a narrative to make people just do as they want. Instead we must think outside of the box as too avoid group think
democrats don't want to build a better world they only whant TO DESTROY everything and steel billions of dollars from the people
*The crypto market has been favourable in the past weeks, I keep missing out on this opportunity, I'm most certainly very impatient how can I ever make a profit in the crypto market*
That seemed more like commitee R&D for their own CBDC.
It was cause by US China Trade War. Banning and Tax Chinese Cheap Goods , China also restrict their export causing Demand over Supply. Taxing Chinese goods eventually cause price of cheap goods goes higher and China revenge US by restrict their export to slow down their supply chain. China is slow down their economy to hurt US even more. By the way World are facing Inflation cause by US China trade war
Getting through Mr. Shermans statement without dying of laughter is a very respectable feat.
Stop printing money and stop the government from spending. But the main cause of inflation is the value of the dollar. The more the government spends the value of the dollar gets smaller. Which drives up the cost of products. Stop the spending. Stop the Build Back Better bill. Bring back jobs at the oilfields, close the borders and lower taxes.
Michael Barry says he's not shorting "crypto", he never said bitcoin. It's a much larger market then just bitcoin.
Click bait.
when has inflation ever rolled itself back?? is there any historical data ? The people suffering will be the middle class , and next yr it will be worse when the tax code strongly punishes small businesses with ludicrous scrutiny
guess we going homeless
I see Bitcoin. I click on it. I know why MSNBC put that Bitcoin.
Stop inflation and Joe Biden policies..IMPEACH BIDEN