Rick Santelli warns the Fed is running out of tricks as he charts the path of higher yields
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- Опубліковано 11 тра 2024
- CNBC's Rick Santelli joins 'Fast Money' to talk rising bond yields and what they mean for the Federal Reserve as he see the Fed running out of options. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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Rick is the only CNBC commentator who’s, for the most part, not a lagging indicator.
Rick calls it precisely as he sees it. Zero sugar coating which is what we all appreciate.
Yep.
1. I like Rick and generally agree with his politics, but this ain't the 70's and 80's,.. we aren't going to 13%,.. the interest on the debt would be multiples of the budget.
If anything the Fed will go postal on QE and d yield curve control like Japan does,.. but
2, this insane criminal fiscal abuse of the the demcoRATS,.. yes Liesman,.. the demcoRATS has to stop.
Yes,.. Trump added $7 trillion, but he was dealing with what we were told was an population wiping out pandemic.
This insane senile ole joe admin and the demcorats have continued to unnecessarily spend 50% MORE in 2021, 22, 23, 24,.. (all of it deficit spending adding trillions to the debt each year),...years after the pandemic is over,...... than was spent the year before the pandemic started,... and we're not even in a recession.
When Trump left office, the economy was growing at 6% with under 2% inflation. There was absolutely no need for senile ole joe admin and the demcoRATS to shut down the fossil fuel industry, open the border and then deficit spend like drunken sailors.
3. And little Stevey Liesman yapjheckingcommie MMTmoron,... it's NOT the government's job to deficit spend on what the free market would invest in if there weren't incentives and regulations in place by the government for them NOT to.
Nothing the government does is "productive" pr done in a productive manner.
It's also NOT the government's job to "invest" in (aka steal from tax payers to deficit spend on) things the free market won't when they're not economically viable,.. especially on far left wacko religious non-science. and to buy demcoRAT votes.
4. Joe Kernan and I'm sure Becky not so Quick, yapheckingliberal Jim Cramer club for stock pumpersmorons, you think there's chaos with Matt Gaetz's stunt to oust McCarthy.....?
Yeah,.. he should beshot fortreason,.. but chaos for America ensued the day senile ole joe got into office and intentionally created one disaster after another,..
racial relations,
shutting down fossil fuels that kicked off the record inflation,
the out of control deficit spending that threw inflationary gas on the inflation fire.
the out of control debt,
racial relations,... "I remember when the hollywood elite would do a commercial with them all singing "we are the world",.. of course it was all as useless symbolism they never did anything to held the world ,.. but at least it wasn't "America sucks,.. we need social justice and criminals to run free".. like the insanity it is now,
the the open border that is being allowed to be run by mexican drug cartels, and the millions who have crossed illegally to hop on the already insolvent social programs,
the skyrocketing crime,
the incompetent debacle that was the Afghan withdrawal,, that emboldened putin to invade Ukraine.,. that's emboldening Xi to invade Taiwan,
weaponizing and using the government to attack his political opponents,
and on and on,...
senile ole joe and the demcorats have turned America into a bankrupt 3rd world banana republic sheethole.
In this case he was a leading indicator, but just to the upside. Bonds have had a massive rally since this call.
@@Kyle-cd1ys
Yep,... a leading indicator in the wrong direction.
He was amoron for making this call solely on the geometry of a chart. LOL
He cost me money,.. I pulled out of some 30 year zero coupons because of thisidiotic call.
And he's supposed to be a bond "expert"????
@@Kyle-cd1ys Did you miss the part where he gave a 7 year time horizon for his call?
The only sane person on the Wall Street. GJ Rick.
Lol right clown, 13% interest rates no one can handle and you think the rich will pass up getting richer ok sureee
can you explain what he said in simple terms please?
Rick bringing the good stuff.
Rick is so knowledgeable and direct. Plus, he does it all with such flare.
Are you his boyfriend?
@@illegalsmirf No, just acknowledging the stellar reporting he provides. 👍🏽
Jornalistas são pagos pra dar sua opinião de acordo com o que os grandes players do mercado orientam pro que eles devem falar. A verdade é que os grandes players estão querendo comprar pechinchas. Basta estudar base monetária pra ver o quão alto está a emissão de moedas no mundo inteiro. Elevação de juros só resolveria isso se permanecesse por umas 4 décadas. Isso está sendo um crash programado.
1. I like Rick and generally agree with his politics, but this ain't the 70's and 80's,.. we aren't going to 13%,.. the interest on the debt would be multiples of the budget.
If anything the Fed will go postal on QE and d yield curve control like Japan does,.. but
2, this insane criminal fiscal abuse of the the demcoRATS,.. yes Liesman,.. the demcoRATS has to stop.
Yes,.. Trump added $7 trillion, but he was dealing with what we were told was an population wiping out pandemic.
This insane senile ole joe admin and the demcorats have continued to unnecessarily spend 50% MORE in 2021, 22, 23, 24,.. (all of it deficit spending adding trillions to the debt each year),...years after the pandemic is over,...... than was spent the year before the pandemic started,... and we're not even in a recession.
When Trump left office, the economy was growing at 6% with under 2% inflation. There was absolutely no need for senile ole joe admin and the demcoRATS to shut down the fossil fuel industry, open the border and then deficit spend like drunken sailors.
3. And little Stevey Liesman yapjheckingcommie MMTmoron,... it's NOT the government's job to deficit spend on what the free market would invest in if there weren't incentives and regulations in place by the government for them NOT to.
Nothing the government does is "productive" pr done in a productive manner.
It's also NOT the government's job to "invest" in (aka steal from tax payers to deficit spend on) things the free market won't when they're not economically viable,.. especially on far left wacko religious non-science. and to buy demcoRAT votes.
4. Joe Kernan and I'm sure Becky not so Quick, yapheckingliberal Jim Cramer club for stock pumpersmorons, you think there's chaos with Matt Gaetz's stunt to oust McCarthy.....?
Yeah,.. he should beshot fortreason,.. but chaos for America ensued the day senile ole joe got into office and intentionally created one disaster after another,..
racial relations,
shutting down fossil fuels that kicked off the record inflation,
the out of control deficit spending that threw inflationary gas on the inflation fire.
the out of control debt,
racial relations,... "I remember when the hollywood elite would do a commercial with them all singing "we are the world",.. of course it was all as useless symbolism they never did anything to held the world ,.. but at least it wasn't "America sucks,.. we need social justice and criminals to run free".. like the insanity it is now,
the the open border that is being allowed to be run by mexican drug cartels, and the millions who have crossed illegally to hop on the already insolvent social programs,
the skyrocketing crime,
the incompetent debacle that was the Afghan withdrawal,, that emboldened putin to invade Ukraine.,. that's emboldening Xi to invade Taiwan,
weaponizing and using the government to attack his political opponents,
and on and on,...
senile ole joe and the demcorats have turned America into a bankrupt 3rd world banana republic sheethole.
Yep,.. he was "so knowledgeable and direct" with thisidiotic call based solely on the geometry of a chart.
Whatamoron.
I am surprised that CNBC would let this viewed by millions.
True, I'm shocked myself.
Why? We need to let the people know how the government is screwing us with spending out of control.
1. I like Rick and generally agree with his politics, but this ain't the 70's and 80's,.. we aren't going to 13%,.. the interest on the debt would be multiples of the budget.
If anything the Fed will go postal on QE and d yield curve control like Japan does,.. but
2, this insane criminal fiscal abuse of the the demcoRATS,.. yes Liesman,.. the demcoRATS has to stop.
Yes,.. Trump added $7 trillion, but he was dealing with what we were told was an population wiping out pandemic.
This insane senile ole joe admin and the demcorats have continued to unnecessarily spend 50% MORE in 2021, 22, 23, 24,.. (all of it deficit spending adding trillions to the debt each year),...years after the pandemic is over,...... than was spent the year before the pandemic started,... and we're not even in a recession.
When Trump left office, the economy was growing at 6% with under 2% inflation. There was absolutely no need for senile ole joe admin and the demcoRATS to shut down the fossil fuel industry, open the border and then deficit spend like drunken sailors.
3. And little Stevey Liesman yapjheckingcommie MMTmoron,... it's NOT the government's job to deficit spend on what the free market would invest in if there weren't incentives and regulations in place by the government for them NOT to.
Nothing the government does is "productive" pr done in a productive manner.
It's also NOT the government's job to "invest" in (aka steal from tax payers to deficit spend on) things the free market won't when they're not economically viable,.. especially on far left wacko religious non-science. and to buy demcoRAT votes.
4. Joe Kernan and I'm sure Becky not so Quick, yapheckingliberal Jim Cramer club for stock pumpersmorons, you think there's chaos with Matt Gaetz's stunt to oust McCarthy.....?
Yeah,.. he should beshot fortreason,.. but chaos for America ensued the day senile ole joe got into office and intentionally created one disaster after another,..
racial relations,
shutting down fossil fuels that kicked off the record inflation,
the out of control deficit spending that threw inflationary gas on the inflation fire.
the out of control debt,
racial relations,... "I remember when the hollywood elite would do a commercial with them all singing "we are the world",.. of course it was all as useless symbolism they never did anything to held the world ,.. but at least it wasn't "America sucks,.. we need social justice and criminals to run free".. like the insanity it is now,
the the open border that is being allowed to be run by mexican drug cartels, and the millions who have crossed illegally to hop on the already insolvent social programs,
the skyrocketing crime,
the incompetent debacle that was the Afghan withdrawal,, that emboldened putin to invade Ukraine.,. that's emboldening Xi to invade Taiwan,
weaponizing and using the government to attack his political opponents,
and on and on,...
senile ole joe and the demcorats have turned America into a bankrupt 3rd world banana republic sheethole.
Maybe it is because it is time to wake up from the slumber of low rates. I have been seeing a lot MSM starting to talk about the reality of the downside.
These people on this channel are 100% conservative and lean Republican. They care about money and don't give a diddly about all the crazy left-wing stuff. CNBC has no choice but to put them on or nobody would watch. Who's going to watch a money-making show about communists who want to take their earned money and give it to purple-haired mouth breathers who can't define a woman? Capitalists generally don't care about social issues unless they can leverage a way to make money from it.
I love this guy.
This is all so crazy
That it makes me want to pull a fire alarm in Congress!
Lol
I have learnt more about where we are in this mess by this 6.44 min chat by Rick than at any other time I can think… what a legend!!!!!!!!
PLEASE!!! MORE Rick Santelli!!!
Even if bond yields are rising while stock prices are decreasing, the markets are still skeptical whether the Federal Reserve will stick to its goal to raise interest rates until inflation is under control. As I'm still debating whether to sell my $401k worth of equities, what is the best way to profit from the current down market?
Even though there will likely be more pain in the future, investors should look for stocks like Royal Philips NV and Alstom SA that have been sufficiently battered down to be a bargain or hire an exceptional portfolio manager.
The best market strategy at the moment is working with a respected investing coach. I've been in touch with a coach for a time now, mostly because I lack the depth of understanding and mental toughness to deal with these ongoing market conditions. During this recession, I made about $700k, proving that the market is more complicated than most people think.
@@danieljackson87 Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this coach?
I have stayed away from all of the issues that the erratic market presents. Today, reading, research, patience, and seeking guidance when necessary are the greatest ways to break into the market. I merely copy Julie Anne Hoover, a CFA, whose actions I witnessed on Bloomberg Business News because I am unable to handle my portfolio owing to the nature of my profession. Ever since, everything has been easy.
@@danieljackson87 Wow! I looked up Julie’s complete name online just out of curiosity and was pleasantly surprised by her credentials. Thank you for sharing.
Welcome to stagflation, America. What a sad point we have come to. Interest rates at 7.5 and inflation still going up
Salute to Rick for his Wonderfull Analysis.
Rick knows what's up...
He's been eating his wheaties
This man has been in the markets since 1981!
Well no, it has not.
Longer than I've been alive!
He's still stuck there too, 13% rates lmao. This guy thinks it's the 80s again.
13% for the 10 yr? Given that we are at sub 5% right now? If it was at 10% I would say 13% could be a reasonable call. But 13% is a very very very bold call.
Yeah especially as inflation is on the way down. He was literally comparing to the end of the gold standard chaos, fixed pricing under Nixon, and the oil crisis. None of those 3 factors apply here.
Well his chart has line there but it may also not stay there long if it reaches it and reverses quickly. If it plateaued at 13% that be one thing if it touches it and comes back down quickly that is another.
@@djayjpinflation is going up not down. They are cooking numbers.
@@samsadeniz lol ok and the earth is also flat yep.
He has one job today. Freak senior boomers out. Nice job sir.
we will see....
If us government keeps spending, inflation won’t go down as much as fed expects.
CNBC would benefit greatly by cancelling about 6 hours of its daily programming and just letting Rick take over that time.
This always happens when we reach a peak--people think the trend will continue.
so the peaked has been reached according to you....good to know
OPEC+ won. Russia won
I think you are right whenever people make wild predictions it's the top.
@@mdo5121 Yep thereabouts. Literally the Fed's own plots show no more than about 1 hike. And inflation is already nearly beat.
@@ssuwandi3240 Won what? Russia's economy has been devastated. It's lose lose.
Saving this for posterity...will review in 7-10 years to see if he was right ✅ 📌
One of the only sensible commentators we have in the mainstream Financial media!
Damn Rick is just laying out the doomsday scenario i guess he has always thought this would happen but kept it to himslef until the was right
Yep
1. I like Rick and generally agree with his politics, but this ain't the 70's and 80's,.. we aren't going to 13%,.. the interest on the debt would be multiples of the budget.
If anything the Fed will go postal on QE and d yield curve control like Japan does,.. but
2, this insane criminal fiscal abuse of the the demcoRATS,.. yes Liesman,.. the demcoRATS has to stop.
Yes,.. Trump added $7 trillion, but he was dealing with what we were told was an population wiping out pandemic.
This insane senile ole joe admin and the demcorats have continued to unnecessarily spend 50% MORE in 2021, 22, 23, 24,.. (all of it deficit spending adding trillions to the debt each year),...years after the pandemic is over,...... than was spent the year before the pandemic started,... and we're not even in a recession.
When Trump left office, the economy was growing at 6% with under 2% inflation. There was absolutely no need for senile ole joe admin and the demcoRATS to shut down the fossil fuel industry, open the border and then deficit spend like drunken sailors.
3. And little Stevey Liesman yapjheckingcommie MMTmoron,... it's NOT the government's job to deficit spend on what the free market would invest in if there weren't incentives and regulations in place by the government for them NOT to.
Nothing the government does is "productive" pr done in a productive manner.
It's also NOT the government's job to "invest" in (aka steal from tax payers to deficit spend on) things the free market won't when they're not economically viable,.. especially on far left wacko religious non-science. and to buy demcoRAT votes.
4. Joe Kernan and I'm sure Becky not so Quick, yapheckingliberal Jim Cramer club for stock pumpersmorons, you think there's chaos with Matt Gaetz's stunt to oust McCarthy.....?
Yeah,.. he should beshot fortreason,.. but chaos for America ensued the day senile ole joe got into office and intentionally created one disaster after another,..
racial relations,
shutting down fossil fuels that kicked off the record inflation,
the out of control deficit spending that threw inflationary gas on the inflation fire.
the out of control debt,
racial relations,... "I remember when the hollywood elite would do a commercial with them all singing "we are the world",.. of course it was all as useless symbolism they never did anything to held the world ,.. but at least it wasn't "America sucks,.. we need social justice and criminals to run free".. like the insanity it is now,
the the open border that is being allowed to be run by mexican drug cartels, and the millions who have crossed illegally to hop on the already insolvent social programs,
the skyrocketing crime,
the incompetent debacle that was the Afghan withdrawal,, that emboldened putin to invade Ukraine.,. that's emboldening Xi to invade Taiwan,
weaponizing and using the government to attack his political opponents,
and on and on,...
senile ole joe and the demcorats have turned America into a bankrupt 3rd world banana republic sheethole.
I'm old enough to remember when Rick said in March that rates had already topped out at last fall's 4.25% LOL
How the hell would the government be able to service our massive debt with rates that high? It would annihilate the economy to have rates anywhere close to 13%.
Thaaaats right!😂
He’s talking out his ass
40% of interest expense is paid back to the government via taxes... the tax rates on interest income isn't very favorable.
increase taxes, cut spending
That’s the point. The USA economy is going to be destroyed INTENTIONALLY.
Rick Santelli is spot on!!! 1000% correct.
only in hindsight do you know if something was a top or a bottom
Nobody knows where rates will be 7 years from now.
Great job Rick, this was super memorable! Felt like I was back in college, soaking it all in...
He's way off base.
I bet you do.....😂😂😂😂
1. I like Rick and generally agree with his politics, but this ain't the 70's and 80's,.. we aren't going to 13%,.. the interest on the debt would be multiples of the budget.
If anything the Fed will go postal on QE and d yield curve control like Japan does,.. but
2, this insane criminal fiscal abuse of the the demcoRATS,.. yes Liesman,.. the demcoRATS has to stop.
Yes,.. Trump added $7 trillion, but he was dealing with what we were told was an population wiping out pandemic.
This insane senile ole joe admin and the demcorats have continued to unnecessarily spend 50% MORE in 2021, 22, 23, 24,.. (all of it deficit spending adding trillions to the debt each year),...years after the pandemic is over,...... than was spent the year before the pandemic started,... and we're not even in a recession.
When Trump left office, the economy was growing at 6% with under 2% inflation. There was absolutely no need for senile ole joe admin and the demcoRATS to shut down the fossil fuel industry, open the border and then deficit spend like drunken sailors.
3. And little Stevey Liesman yapjheckingcommie MMTmoron,... it's NOT the government's job to deficit spend on what the free market would invest in if there weren't incentives and regulations in place by the government for them NOT to.
Nothing the government does is "productive" pr done in a productive manner.
It's also NOT the government's job to "invest" in (aka steal from tax payers to deficit spend on) things the free market won't when they're not economically viable,.. especially on far left wacko religious non-science. and to buy demcoRAT votes.
4. Joe Kernan and I'm sure Becky not so Quick, yapheckingliberal Jim Cramer club for stock pumpersmorons, you think there's chaos with Matt Gaetz's stunt to oust McCarthy.....?
Yeah,.. he should beshot fortreason,.. but chaos for America ensued the day senile ole joe got into office and intentionally created one disaster after another,..
racial relations,
shutting down fossil fuels that kicked off the record inflation,
the out of control deficit spending that threw inflationary gas on the inflation fire.
the out of control debt,
racial relations,... "I remember when the hollywood elite would do a commercial with them all singing "we are the world",.. of course it was all as useless symbolism they never did anything to held the world ,.. but at least it wasn't "America sucks,.. we need social justice and criminals to run free".. like the insanity it is now,
the the open border that is being allowed to be run by mexican drug cartels, and the millions who have crossed illegally to hop on the already insolvent social programs,
the skyrocketing crime,
the incompetent debacle that was the Afghan withdrawal,, that emboldened putin to invade Ukraine.,. that's emboldening Xi to invade Taiwan,
weaponizing and using the government to attack his political opponents,
and on and on,...
senile ole joe and the demcorats have turned America into a bankrupt 3rd world banana republic sheethole.
Bipan Rai, the North America director of FX strategy at CIBC Capital Markets, expresses a rising apprehension that recent data suggests the Federal Reserve might be slightly lagging in their response compared to their initial expectations for this year. My portfolio is witnessing more losses than gains. I'm curious about how other individuals in this market are achieving gains of over $350,000 within a brief timeframe.
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@@patrickbrussels4454 We are just one step away from acquiring wealth through access to information. I am aware of many individuals who have accumulated fortunes from the Dotcom crash as well as the 2008 financial crisis. Currently, I am exploring similar opportunities within the current market. Can this coach, who provides guidance, assist me in this pursuit?
@@Erikkurilla01 I am being advised by *STEPHANIE KOPP MEEKS* , who serves as my financial advisor. I discovered her through a CNBC interview and contacted her afterwards. Since then, she has been providing me with valuable guidance on entry and exit points for the specific securities I am interested in. If you wish to verify her credentials, you can quickly conduct an online search using her name. I essentially follow her market decisions and have not regretted doing so.
I am currently in a desperate situation and clinging to any hope I can find. Your suggestion couldn't have come at a more opportune time! After conducting a brief internet search to gather more information, I intend to reach out to her.
Wise words from Rick
Thank you Rick. God Bless. Much appreciated.
Always liked Santelli but rates will never go to 13%. This isn't the 1970's. The U.S. would never be able to afford the payments at that high of a rate.
I have tremendous respect for Rick Santelli. Remember what he said, we're going to PAUSE and CONSOLIDATE first. No one really knows what will happen next, but DON'T try to pick tops in yields, he warns! Let the market tell you where they are.
Rick is the best!
Isn’t it kind of pointless to give a worst case scenario without an accompanying likelihood?
40% of the time it works everytime
100% likelihood. It's not a matter of IF, but WHEN. We are running 9% Deficits in an artificial monetary counterfeiting boom... when Deficits hit 18% of GDP, GAME OVER.
It's all for clicks and giggles 🎉
He said it was possible: that is all you need to know
The only adult in the room Rick Santelli
great segment
I would suggest to see the same 10 year yield chart @ 12 month time frame.
Rick probably ain’t wrong.
The system is failing as a result of both government and federal policy. In the next days, the banking crisis would have to be epic and gigantic for the FED to decide not to raise interest rates. This won't happen; an increase and a crash are coming. There will be more negative portfolios this 2nd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder
Very true, you can be passively involved in the markts and still amass wealth-gains using an investment advisor. I first dabbled in stocks late 2019, just before the pandemic, and that same year gained over 150% with no prior investing experience, basically all I was doing was following directions of my advisor. We are working on a retirement ballpark of $3m and I’m certain my goal isn’t farfetched after subsequent investments and tremendous returns so far.
@@trane85 Please pardon me, who guides you on the process of it all?
“COLLEEN ROSE MCCAFFERY” is the coach that guides me, She has years of financial market experience, you can use something else but for me her strategy works hence my result. She provides entry and exit point for the securities I focus on.
I discovered her internet page by searching her entire name, sent her an email, and booked a phone conversation; perhaps, she will respond.
Not even Rick can predict where rates are going.
There seems to be skepticism amongst investors regarding the Federal Reserve's plan to continue increasing interest rates until inflation is stabilized. As for myself, I find myself at a crossroads, uncertain whether to invest $150,000 into my stock portfolio. I'm seeking advice on the best strategy to capitalize on this current market.
Investing in stocks can be a wise decision, especially if you have a reliable trading system that can lead you to fruitful days of success.
With the help of an investment advisor, I was able to diversify my $550K portfolio across multiple markets, and since the second quarter, I was able to earn over $350K in net profit.
I need a guide so i can salvage my port-folio from its current state and come up with better strategies. How can one reach this advisor?
A good FA is critical for portf0lio diversification. My advisor is *Alicia Estela Cabouli* who can be found readily and has great understanding of the financial markets.
This recommendation is timely! I conducted an online search with her name and set up an appointment with her on her website. Thanks
Get Rick on more. This guy is awesome. Tell it like it is and tell us why. Love it
Great time to have lots of cash !
Bravo Rick for a stellar analysis, albeit some tough news.
what will rate be when Japan & China dump their $2T holding?
This guy has been in the market for 40 years and still hasn't learned that TA doesn't work?
What is TA????
@@no1no1655
Technical Analysis
@@no1no1655 TA= Technical Analysis
@@no1no1655 Technical Analysis aka reading charts
Breath of fresh air at last!
Rick is “THE MAN” !!
charting is a fun way to guess what might happen, but guessing, nonetheless. ask 50 phd level economists, you'll get at least 12 different answers.
Google Bard indicated Rick is correct 52% of the time based on an older study.... I think this prediction is part of his 48%.
what does he mean, are we going down under or up? does he mean recession or not? please explain like im 30
I dont agree Peter shiff has been yelling about this exact scenario for years. This just what happens when you break the systems with QE
13% seems a bit extreme in my view but I can see mid 6s easy, I mean 6.5% was the median rate before all the heavy manipulation started
the system wasn't nearly as financialized, federal debt is at 120% of gdp and we're running 8% fiscal deficits
6% is nothing
Buy one month T-bills currently 5.6% and keep rolling them over.
Amen to that.
Rick knows what he’s talking about. Much respect 🫡
If we get a recession, I mean a good solid real recession that arrests both economic growth and inflation in its tracks then the Fed and investors will jump straight in and start buying up bonds like there’s no tomorrow. There are always countervailing forces that prevent markets from getting too out of whack. The 1970’s and early 80’s were different, double digit inflation, energy crisis, supply shocks, wishy washy Fed policy, the works. A lot of things would have to go wrong for us to hang another double digit 10 year treasury rate.
Agree. The risk reward is so out of wack right now and after Covid, who can just trust? There has to be guaranteed reward for lending money to gov and other entities, and it has to compensate for the fact that we now know gov might just decide to print trillions and devalue the currency by 1/3+.
Unfortunately for US… Rick could be proven right over next few years.
NASTY, GUY IS BACK...UGG! FEELING SICK NOW!
"1/3 to 2/3 retracement on some of those GAN numbers" What's a GAN number? Thanks.
He's awesome. But one thing Rick, plz let the panelists/women finish their sentences. We know you're excited. 😂
I agree with this 100
That is the question: who is going to buy our bonds?
Fire segment
Amazing How Short Sellers Cover Shorts without getting squeeze with the help of feds comments!
They don't even try to hide it either🤦♂
How does America pay its debts at 13% without creating more inflation though more printing to pay its debts? How does this all get under control?
And at what point do treasury bonds become junk bonds?
The government won't pay that kind of interest, QE will making a comeback. Forget about congress ever getting a handle on those deficits.
13-14% please!!! That would give me 60-70k a year in interest payments from T-bills. Why buy stocks? 😎 Also, we can not compare 1981 to today. What was the FED's Book back then 500k, today its 9 Trillion.
Yep,..
1. I like Rick and generally agree with his politics, but this ain't the 70's and 80's,.. we aren't going to 13%,.. the interest on the debt would be multiples of the budget.
If anything the Fed will go postal on QE and d yield curve control like Japan does,.. but
2, this insane criminal fiscal abuse of the the demcoRATS,.. yes Liesman,.. the demcoRATS has to stop.
Yes,.. Trump added $7 trillion, but he was dealing with what we were told was an population wiping out pandemic.
This insane senile ole joe admin and the demcorats have continued to unnecessarily spend 50% MORE in 2021, 22, 23, 24,.. (all of it deficit spending adding trillions to the debt each year),...years after the pandemic is over,...... than was spent the year before the pandemic started,... and we're not even in a recession.
When Trump left office, the economy was growing at 6% with under 2% inflation. There was absolutely no need for senile ole joe admin and the demcoRATS to shut down the fossil fuel industry, open the border and then deficit spend like drunken sailors.
3. And little Stevey Liesman yapjheckingcommie MMTmoron,... it's NOT the government's job to deficit spend on what the free market would invest in if there weren't incentives and regulations in place by the government for them NOT to.
Nothing the government does is "productive" pr done in a productive manner.
It's also NOT the government's job to "invest" in (aka steal from tax payers to deficit spend on) things the free market won't when they're not economically viable,.. especially on far left wacko religious non-science. and to buy demcoRAT votes.
4. Joe Kernan and I'm sure Becky not so Quick, yapheckingliberal Jim Cramer club for stock pumpersmorons, you think there's chaos with Matt Gaetz's stunt to oust McCarthy.....?
Yeah,.. he should beshot fortreason,.. but chaos for America ensued the day senile ole joe got into office and intentionally created one disaster after another,..
racial relations,
shutting down fossil fuels that kicked off the record inflation,
the out of control deficit spending that threw inflationary gas on the inflation fire.
the out of control debt,
racial relations,... "I remember when the hollywood elite would do a commercial with them all singing "we are the world",.. of course it was all as useless symbolism they never did anything to held the world ,.. but at least it wasn't "America sucks,.. we need social justice and criminals to run free".. like the insanity it is now,
the the open border that is being allowed to be run by mexican drug cartels, and the millions who have crossed illegally to hop on the already insolvent social programs,
the skyrocketing crime,
the incompetent debacle that was the Afghan withdrawal,, that emboldened putin to invade Ukraine.,. that's emboldening Xi to invade Taiwan,
weaponizing and using the government to attack his political opponents,
and on and on,...
senile ole joe and the demcorats have turned America into a bankrupt 3rd world banana republic sheethole.
Frightening.
The fact they are still raising rates is absurd. If anything, we need rate cuts. The stock market performance the past two years has been ass.
The fed doesn't care about stocks.. never has and never will. They care about 2% inflation and unemployment :)
13% rightttt, keep dreaming
Ok so yields have peaked. Bought long bonds today. Thanks CNBC!
This will age extremely well the next couple years
So rates above 10% ….Gotta ask what about financing the Record level of debt that we have now, that we Didn’t have 40 years ago?!?! Can someone please explain??
Queue crypto
I know people love Santelli, but he doesn’t answer Melissa’s question here.
My mom still remembers back in the late 90s the 15% CDs offered by banks.
And a house payment was still cheaper than it is today so stop trying act like you knew way tougher times
The Federal reserve is the buyer of last resort , QE, yield curve control.
A rate of 10% interest on Government outstanding debt would consume the majority of revenue. Drastic cuts to spending would crush the economy.
Santelli is a genius.
Rick, Carter, and Greg are the only guys I trust on CNBC. Way to much pumping in general on this network
Love this guy!
Ole Rick. Hes pretty smart and very good at explaining things
Wow ! In person 😂 I prefer see him getting mad
"tricks" what else are they doing besides QT and adjusting interest rates...
BTFP, repo, increasing capital requirements to force banks to buy treasuries, etc.
Rick is living too much in the past. 13%? LOL. Let's keep this a serious conversation.
Rates are going higher. We stayed at near zero to long printing money to infinity QE. Now we are Quantitative Tightening and shredding money to lessen the inflation. It may creep up to 10 - 11% over the long stretch, which will to lead rates eventually going lower by the end of the decade.
@@fatronjones - LOL!
Another scarring tactic 🤡🤣🤣😆😂
Yikes! Rick is the only guy on CNBC, I will stop and pay attention to, when he is on any of the shows. As we all know, the bond guys are always the smartest people in the room!
Tell 'em Rick!!!
Love Rick ❤
MORE Rick Santelli and LESS Andrew Ross Sorkin.
Cramer said MACRO! Thanks Cramer!
this was gold, listened to it twice
Everybody is saying "connect the dots". So over used. "Iconic".
rick is amazing no doubt. But I have no idea what is he talking about....comparing today with Sept 1981 lolol...ok rick
YA! CATCHING THE RATS WHO HAVE DONE THIS TO THE AMERICAN PEOPLE.......
Fed is given too much power to control interest rate. Instead of bailing bank initiative, Fed had instead increased interest rate & resulted in market drop during 2022-Current and loss of employment through US companies cutting workers trend.
Too many tax cuts. Let’s go back to rates in 2000.
Rick Santelli is a crazy person🤷
Keep drawing Rick. One of the most reckless comments I’ve heard in 2023.
Surely rates cannot get that high again. There is to much govt debt. Govt will default.
So glad I locked into my 3.3% fixed in 2021.
Hi there last week I want Central Bank when I show my Driver license I'm not even in the list they said who are you im Saadakh MaAney Ali they don't know me
Rick is no joke!