It is not 1 data point. For more than a year we have received poor economic indictors including the job reports if we include the large downward revisions for each months.
But the entire market was fine with where we were given all the prior data and not a single economist thought there was a need to rush to cut or a risk of recession until this one new data point came out and now suddenly the sky is falling. I’m happy to see this. It’s much better to risk a mild recession than to risk inflation continuing.
@@xxyyzz8464no it wasn’t it hasn’t been fine for 4 years. They have been printing and sending money everywhere but here. Thats why inflation has hurt so bad.
The Fed was far too slow in raising rates in the mid-2010s, and it is now being far too slow in lowering rates. It should have been reducing rates earlier this year, and it should definitely have reduced its benchmark rate by .5% this week, with a strong signal that more would likely be coming in September. Someone needs to figure out why the Fed seems to be such a slow learner, or have such slow reflexes.
Because its better than the alternatives that have been tried or existed prior to central banks. Getting rid of the reserve just means someone else will have the powers of the central bank. Now if you are asking why do we have fiat currency it again boils down to its better than the alternatives.
Your explanations are clear and straightforward. It's always an honour to have you here as a mentor, I appreciate you for the time being spent to educate and update us financially. Regardless of how bad it gets the economy, I still make over $28K every single week. I truly value Lia Lorenzo and her helpful guides
I know Lia Lorenzo, she has really set the standard for others to follow, we love her here in United State as she has been really helpful and have changed a lots of lives.
Look. Housing prices have to come down. The Fed has to correct their mistake here. Older people sitting on 100% gains on their houses over the last 4 years will have to give up a little so young people can move into the market and people can move around.
Fed is always behind the curve about a year. The problem is, it takes 6-12 months for rate changes to affect the economy. They should have been cutting 3+ months ago. It is way too late now, the wheels are already in motion.
In the same July 4th highest travel day on record? Home prices reach record highs? The Dow Jones breaks record highs again? I'm not sure what to think? Employment numbers are very skewed
no mistake by fed!! rich ppl suffering is fine so they can feel how rest of 80% of americans have been feeling. also it would bring down china if usa is in deep recession
If there's no more workers, because everyone already has a job, there is nowhere for the economy to grow. Give work visas to all the asylum seekers and hire them to grow the economy.
You can’t crush inflation without risking a mild recession. Can’t have your cake and eat it too. I’d much rather have a short and mild recession than 7% - 12% inflation for many more years.
@@AnthonyCornell-f8i The Fed can’t control what Congress does and they ARE effectively limiting the money supply right now by being mildly restrictive.
It is not 1 data point. For more than a year we have received poor economic indictors including the job reports if we include the large downward revisions for each months.
But the entire market was fine with where we were given all the prior data and not a single economist thought there was a need to rush to cut or a risk of recession until this one new data point came out and now suddenly the sky is falling. I’m happy to see this. It’s much better to risk a mild recession than to risk inflation continuing.
@xxyyzz8464 You must not have been paying attention to the news. Google who calls for the Fed to cut rates now.
@@xxyyzz8464no it wasn’t it hasn’t been fine for 4 years. They have been printing and sending money everywhere but here. Thats why inflation has hurt so bad.
The Fed was far too slow in raising rates in the mid-2010s, and it is now being far too slow in lowering rates. It should have been reducing rates earlier this year, and it should definitely have reduced its benchmark rate by .5% this week, with a strong signal that more would likely be coming in September. Someone needs to figure out why the Fed seems to be such a slow learner, or have such slow reflexes.
They should have never raised the rate period. They should have stopped printing money to iust send it across seas.
Why do we need a federal reserve again?
To tell us what we already know, 6 months later.
Because its better than the alternatives that have been tried or existed prior to central banks. Getting rid of the reserve just means someone else will have the powers of the central bank.
Now if you are asking why do we have fiat currency it again boils down to its better than the alternatives.
Your explanations are clear and straightforward. It's always an honour to have you here as a mentor, I appreciate you for the time being spent to educate and update us financially. Regardless of how bad it gets the economy, I still make over $28K every single week. I truly value Lia Lorenzo and her helpful guides
I know Lia Lorenzo, she has really set the standard for others to follow, we love her here in United State as she has been really helpful and have changed a lots of lives.
Interesting! But I'm new here. Please, how do I connect with Lia Lorenzo? I would appreciate it if you show me how to go about it
She is always active on wats apk👎👎
She is mostly active on what'sapk👇👇
+1
$8,000,000,000,000 balance sheet is restrictive? Now I've heard everything.
Look. Housing prices have to come down. The Fed has to correct their mistake here. Older people sitting on 100% gains on their houses over the last 4 years will have to give up a little so young people can move into the market and people can move around.
He basically zigzagged around the question about unemployment shooting up unexpectedly
Wow, he sounds flustered!
People voted so why fed reserve people have power to say we cut or not, if people are losing jobs, not borrowing so then cut rates man.
What else does JP want to see??? He was behind rising rates, raised too much and now, is behind cutting rates.
Fed is always behind the curve about a year. The problem is, it takes 6-12 months for rate changes to affect the economy. They should have been cutting 3+ months ago. It is way too late now, the wheels are already in motion.
In the same July 4th highest travel day on record?
Home prices reach record highs?
The Dow Jones breaks record highs again?
I'm not sure what to think?
Employment numbers are very skewed
Are you even watching the market? DOW is in its way down.
@@AnthonyCornell-f8i not by much. Until it's below 20% it's not a concern
@@sbar39 give it a little time its crashing and crashing hard.
Bottom line…. Look it up…. Fed only accomplished one soft landing in the 1990’s
no mistake by fed!! rich ppl suffering is fine so they can feel how rest of 80% of americans have been feeling. also it would bring down china if usa is in deep recession
That guy is a Keynesian fool. He spends 1 trillion to get 3/4 of 1 trillion back in taxes and slaps himself on the back for a good job.
Go ahead lower rates and I bet you get another May 8. 2023. Just saying
Democrat elite gaslighting is unbearable 🤦♂️🤡😤😩
🤦🏻♂️
They are laying
If there's no more workers, because everyone already has a job, there is nowhere for the economy to grow. Give work visas to all the asylum seekers and hire them to grow the economy.
You can’t crush inflation without risking a mild recession. Can’t have your cake and eat it too. I’d much rather have a short and mild recession than 7% - 12% inflation for many more years.
No just stop printing and sending money to other countries. Problem solved.
@@AnthonyCornell-f8i The Fed can’t control what Congress does and they ARE effectively limiting the money supply right now by being mildly restrictive.