On this edition of Wall Street Week, Mona Mahajan, Edward Jones Senior Investment Strategist & John Authers, Bloomberg Senior Markets Editor wrap up another week in the markets. Steve Rattner, Willett Advisors Chairman & CEO discusses investor takeaways from the Inflation Reduction Act. Former US Treasury Secretary Lawrence H. Summers weighs. in on the July Payrolls report and what it means for the Fed.
——–
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more:
Connect with us on…
Twitter:
Facebook:
Instagram:
source
Mr. Summer seems to prefer hardship for American workes. He wants to see higher rates, which means more liquidity for the finncial institutions, who will invest part of it in speculative financial market, or the M&A providing huge margins to wall street., thus. Increasing monetary M 1, 2 and 3, exacerbating inflation and reducing income and wealth, and exacerbating inequality, and depriving the real economy of the liquidity it needs to invest in producing growth. Such growth, will help the offer of goods and services in the market, which in turn will contribute to reducing inflation. The proportional impact of the supply on iflation, on which the Fed has no control, was not sufficiently exposed/ disclosed by the Fed in its public briefs and guidance. In addition to the financial hardship caused by the interest rate increase, Mr. Summer prefer to see recession, which is most likely to happen by the Fed's aggresive policy of interest rate increase, such recession will result in another financial hardship, which is unemployment, thus, reducing or whipping out the purchasing power of the great majority of Americans. The Alternative sound policy seems to me to be as follows: the four policy tools which are: interest rate increase, fiscal policy, quantitative easing, and the counter inflation Bill, need all to be combined in a very adjustable, dynamic, and delicate balancing act, wbich will be data driven, aiming at adjustig incremenly both the demand side , and the supply side of inflation. This means a well measured increase in interest rate, both in term of intensity and speed. This will give both the financial and real economy the positive guidance they need to take care of adjusting the supply and demand, through investment and growth of both supply and related purchasing. The interst rate should not jump widely creating depression and inertie. The real estate market needs not to be brought to its kneeses to fight inflation. Only a reasonable and steady adjustement can help to avoid a negative impact on its contribution to GDP, which means less inflatkon, less unemployment, and preservation or increase in American Purchasing power. Focusing on interest rate only to deal with iflation, is like the truck driver who focusses on reaching the scheduled destination, but forget to attach the container to the truck.
Excelente programa! Saludos desde Chile
Nancy the imperialist war zombie
Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy πI have earning been $50,000 returns from my $8,000 investment every 21 days.
"It is better to fail in originality than to succeed in imitation." -Herman Melville
We get many blow-off tops in the market before the inevitable turn downwards. It would seem that the jobs data will do the same. Delinquencies in the UK have increased 350% this year. Recently 51% of U.S. SMEs polled said that they could not pay their rent.
Doesn't sound good.
We have been in a depression since 08'
<great post Very detailed and accurate video you posted mate love your content. It's funny how some people out there still haven't accepted that cryptocurrencies continue to change the world globally. Those who are against it have a hard time today. While from a trader's perspective I feel that we really need more experts in this field to educate newbies/investors on how the community works, BTC's price has been fluctuating lately which means the market is currently open and I Can't tell if it's going to be too bearish or too bullish, this uncertainty turns most traders off and forces investors to stay tuned. I would say that making a profit is completely wrong. It all depends on the pattern you are trading and also the source of your strategies. I started with 2 BTC and accumulated over 7.5 BTC in just 4 weeks with the right trading strategy given to me by an experienced trader. Mr. Houston Parker. The methods are top notch and profitable and can be easily contacted by ππ ΄π »π ΄π Άππ °π Όπeasy to reachππ» [@Houstonparker}.β
Short term trading is much preferable considering the current market fluctuations.
Halaylooya praise the lord
Terrible episode, at least when it comes to those last two interviews (they must be heavily invested in solar companies) and the shot at crypto at the end.
America luvs its SUVs, Trucks and Hummers more than Mother Earth.
Inflation Reduction Act is great but it can't match Congress' best Act, the creation of the FED to guarantee inflation.
The rich remain rich spending like the poor and investing non-stop, the poor remain poor spending like the rich but not investing like the rich, first got into crypto back in 2016 and Iβve been hodling/buying sats at different price points since. I've been through corrections before and will likely experience more over the future. Volatility is simply the price one needs to pay if they want to play. I don't have any Alts as I'm a bit of a BTC Maxi, but that said, if BTC hasn't died before, it surely won't do so now. Stick in there – yes we are all feeling the pain, but over the long run this will just be a blip. This is how I see past corrections when I felt that I got in at a high (back then I think it was less than $1000 and bouncing all over the place!). Now when I look back, all I see is regret for not having the courage in buying more at those times. But if you believe BTC has value, then by all means, buy these dips if you can afford to. For those who got in at 50 to 60K and feeling the crunch: hang in there. BTC is not a get rich quick scheme. Wait it out and you will see: you will come away stronger. I buy and just trade long term more than ever, I have made over 12` BTC with 3.1β BTC in just 5wks from day trading with Expert Frederick Joseph in few weeks this is one of the best medium to backup your assets incase it goes bearish. You can reach Expert Frederick on his Whatβsapp επππππππππππ
I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k. Somehow this video has helped shed more light on some things, but I'm confused, I'm a newbie and I'm open to ideas
STABILITY TO FISCAL POLICY IN WASHINGTON
ππππππ€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π€£π¬π¬π¬π¬π¬π¬π¬π¬π¬π¬π¬π¬π¬π¬π¬π¬π¬π¬π¬π¬π¬πππππππππππππ
Nice "'work"" nancy
You all know that rent inflation is driven by capacity as much as general cpi inflation. Higher rates increases demand for rentals (less homewoners) and reduces supply of rentals (construction is driven by gdp and rates, not rental yields). Rental inflation will be here a while
CHIPS ACT $50 billion of steak and $200 billion in Democratic pork! Xi, strong reaction! More like spoiled immature tyrant having a tantrum! Boycott china and let's them collapse! Oh wait? China controls are drug ingredients, rare earth metal processing, world oil refining, Smart phones and computers, etc Once again as with Putin we are funding our enemies! . Declare war on fossil fuels by making policy's that increase the use of coal? Biden administration is a joke! Gas still almost double when he took office! Participation fell! Unemployment is only those actually looking for jobs! Biden finally catches up with Trump's unemployment rate! Government negotiating drug prices, same government with $2,000 toilet seats? And we have to hire 10,000 people to do this?
In spite of the economic downturn and inflation crisis we all face, one still need to Set goals and take bold steps in achieving them, Remember success is not obtained overnight. We just have to stop procrastinating and try what we have always wanted, to improve our life and wellbeing, I believe Investing will take us closer to that dream
Sure Larry, sucking more money out of the economy in taxes and blowing $800B on green energy and other useless crap is going to bring down inflation and help the economy.
Leftist economists make me nuts.
How do you pick your guests?
It is bad when Wall Street can read the 'data' better than "Neutral" Powell. Powell does not have to read the data. Rather he only needs to keep his leash holders happy, which are the insider trading Congressmen in the Federal government. Whimpy Powell does not have the backbone to fully and effectively extinguish the fire. Hello, stagflation.
πl am so happy my financial life has totally changed ever since I ventured into stock investment. Ive been earning over $18,000 dollars every single week.
I opened account with Mr Scot Huffman with $500 and access funds with low expense ratios, I had $14,700 in return. Very easy to enroll and get started, especially for the newbies.
John A. needs to learn a little about history. China is quite serious when it comes to Taiwan, considering the number of times in its history it has been invaded from its shores. Add to that the penetration of America into its periphery, as in the number of USA bases. Pelosi's selfish and unjustified visit to Taiwan has only added fuel to the fire at a time when we don't need more supply constraints contributing to inflation. And China is fully aware of the magnitude of our imports from China, and also of the fact that it has an expanding market for its goods around the world. The delusional octogenarian's rogue visit to Taiwan clad in a pink dress has only pushed Russia further into the laps of China, not to mention countries like Iran.
It< makes sense, BTC and crypto is off helping to regulate, rather than pretend it won't ever happen. The big institutions getting in is the catalyst that will launch us into the stratosphere. Most people don't like change but after the change is made they grow used to it and it becomes a non issue usually because their fears never materialize. The projects that initiated the process of regulation have not been ruined, they got involved in setting guidelines and helping the regulators understand the crypto space. Iβd get involved more knowing that I have made over 7 btc and 15ETH from day-trade with Mrs Stacy Huth in few weeks…
Breaking for commercials is stupidβ¦. Let the guest finish talking. Your platform is broken and doomed to fail long term.
"Larry, it seems that Washington doesn't work" immediately followed by an ESG commercial. Truth is only found through capitalism.
Come on to f***. Bitcoin mining as not bad as people are saying.
Crypto AINT GOING ANYWHERE. Bear market…. these prices are normal and expected. Just wait till 2024 and you'll kill yourself because you didn't buy bitcoin
I have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market… can anyone help me out or at least advise me on what to do?