I mean towards the end he makes a really good point about Fed policy pushing asset prices after the financial crisis. We watched the s&p do a 9x from the 2009 low until now. Asset holders, typically wealthy people, the wealth grew exponentially. The problem is that's just going to continue. When you pass tariffs you tax the poor. The gains from tax cuts and market appreciation can help offset the sales tax of a tariff for the wealthy but the poor just fall further behind. What you need to do is either tax the wealthy, people who make over 100 million should be paying a lot more, or come up with a policy that directly benefits people making under $100,000 a year. If you want to reduce wealth inequality you might start with a policy actually designed to do it. A policy we have never had and still don't, peak worker power was in the '70s
Excellent discussion - one of the best guests of all time. Easy to understand; big thinker; fair and balanced opinions; considerate of wealth distribution; great orator and story teller. I really like him and his 'more market is better than more government' philosophy.
Issue 45 yr treasury bond at 10%. I will drop $1M in a hearbeat and hold it till maturity. DOGE can use my money to fix all the efficiency issues for the next 45 years and I can keep collecting coupon of $100k per yr.
You're doing a fantastic job! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
Our "data dependent" fed supposedly sets policy based on data it appears to have a 50% plus or minus margin of error. I suppose it takes a PhD to rely on such methodology.
Great discussion - but one small detail re "free markets and capitalism" as a system of belief and example of gold standard - (re: commodities): the COMEX apparently removes true market price discovery with shorting etc. - therefore - we have a market with limited real "price discovery" - where "real" = the "physical reality" of producing something?
Tbh, we also need to raise taxes. I get wanting to cut, but it’s not enough by itself. You can’t bleed a stone. The taxes are coming out of our pockets in the form of inflation anyway. Taxes are unusually low and it is irresponsible.
To talk about immigration with talking about the economic and financial war against Venezuela, Nicaragua, Cuba, Honduras etc is absurd The free market when tax payers save them in 2008 is a joke. To state that there's a house shortage when in San Francisco there are 4300 empty houses is ridiculous, the real issue is affordability.Wha about the 1/2 billion dollars in houses that Amazon owner bought.
This guy is taking things face value. Sure, unemployment seems to be low, but much is government jobs. The lower class is still spending.... on what, food?! Of course that is good they have no choice to survive.
I equate the million dollar duct taped banana to the current price a Bitcoin. There's one born every minute. These days it seems many more than one. If you believe in Bitcoin I have a old tulip bulb I'd like to sell you.
So funny to see these trad fi guys twisting in the wind trying to choose between inflation and recession. Recession because it helps their personal pocketbook more, but also inflation so that the whole economy doesn't tank. Meanwhile, Bitcoin is in the early parabolic part of the bull run offering a way out, but most of trad fi is still skeptical/oblivious.
Investment Concerns? Get a free portfolio review with Wealthion’s endorsed financial advisors at bit.ly/3Opi19K
I mean towards the end he makes a really good point about Fed policy pushing asset prices after the financial crisis. We watched the s&p do a 9x from the 2009 low until now. Asset holders, typically wealthy people, the wealth grew exponentially. The problem is that's just going to continue. When you pass tariffs you tax the poor. The gains from tax cuts and market appreciation can help offset the sales tax of a tariff for the wealthy but the poor just fall further behind. What you need to do is either tax the wealthy, people who make over 100 million should be paying a lot more, or come up with a policy that directly benefits people making under $100,000 a year. If you want to reduce wealth inequality you might start with a policy actually designed to do it. A policy we have never had and still don't, peak worker power was in the '70s
classy and knowledgeable guest!
Excellent discussion - one of the best guests of all time. Easy to understand; big thinker; fair and balanced opinions; considerate of wealth distribution; great orator and story teller. I really like him and his 'more market is better than more government' philosophy.
Issue 45 yr treasury bond at 10%. I will drop $1M in a hearbeat and hold it till maturity. DOGE can use my money to fix all the efficiency issues for the next 45 years and I can keep collecting
coupon of $100k per yr.
Wealth effect means MASS Wealth Transfer to the top!!
the wealth pump never stops
@marsmotion it reverses but the top Boyz get B-Outs and all kinds of free Get-outta-Jail-Free cards
How about stop contracting things out at 20% profit margins, that will save the GOV a bunch.
Curious at what point would we see fiscal policy lean toward or considering the possibility of inflating out of a debt spiral.?
Talking about cutting is not the same as doing. Regan tried to cut education dept and it went nowhere
You're doing a fantastic job! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
Andrew, it's ok to have class and sophistication by wearing a tie.
Our "data dependent" fed supposedly sets policy based on data it appears to have a 50% plus or minus margin of error. I suppose it takes a PhD to rely on such methodology.
Great discussion - but one small detail re "free markets and capitalism" as a system of belief and example of gold standard - (re: commodities): the COMEX apparently removes true market price discovery with shorting etc. - therefore - we have a market with limited real "price discovery" - where "real" = the "physical reality" of producing something?
We don’t live in a capitalist society, it’s a corporatist society.
how about deflation...im tired of paying!!!!! for rich peoples wars...
Tbh, we also need to raise taxes. I get wanting to cut, but it’s not enough by itself. You can’t bleed a stone. The taxes are coming out of our pockets in the form of inflation anyway. Taxes are unusually low and it is irresponsible.
Yes free markets! Insulin prices to the moon. If you can't afford it...those is the breaks buddy.
The wealthiest 10% of Americans own 93% of stocks even with market participation at a record high
U6 unemployment is over 7 %
Because rates are going back to 0 and QE incoming
Bingo!!!
So let’s cut items folks have paid into for 30-40 years but not increase taxes on the wealth class back to a tad bit historically normal rate
YOU DOPES. Taxes must go up for wealthy! Lower on midclass who pays liittle anyway! Cut expenses too! 😮
If you credit people at 25%, I think you should go out of business. What is the difference between them and pay day lenders?
Study HEX your saving account on the Blockchain
Gvmt can't sustain positive and consistent revenue without inflation. Period. 2% is arbitrary.
Lol wealthy "benefiting from the wealth effect so thats good"
To talk about immigration with talking about the economic and financial war against Venezuela, Nicaragua, Cuba, Honduras etc is absurd
The free market when tax payers save them in 2008 is a joke.
To state that there's a house shortage when in San Francisco there are 4300 empty houses is ridiculous, the real issue is affordability.Wha about the 1/2 billion dollars in houses that Amazon owner bought.
This guy is taking things face value. Sure, unemployment seems to be low, but much is government jobs. The lower class is still spending.... on what, food?! Of course that is good they have no choice to survive.
To think Trump will allow equities to tank by extending Treasury duration is delusional
I equate the million dollar duct taped banana to the current price a Bitcoin. There's one born every minute. These days it seems many more than one. If you believe in Bitcoin I have a old tulip bulb I'd like to sell you.
So funny to see these trad fi guys twisting in the wind trying to choose between inflation and recession. Recession because it helps their personal pocketbook more, but also inflation so that the whole economy doesn't tank. Meanwhile, Bitcoin is in the early parabolic part of the bull run offering a way out, but most of trad fi is still skeptical/oblivious.
Jason is always bearish and mostly wrong.
Wealth effect means MASS Wealth Transfer to the top!!