This was a great show, thanks fellas! So stocks and bonds sold off today. So did gold and bitcoin. Because the fed said they probably won't cut the overnight rate much now. Reasons for saying so; inflation and unemployment. Why is inflation ticking up and unemployment manageable? Government spending. So fiscal policy will hold the overnight rate around here, while 10 year note reflects inflation. Puts pressure on debtors and would-be borrowers. Puts pressure on consumers. Puts pressure on private employers. Response: more government spending. Inflation and interest rates continue to creep up. Prices fall when there are no more buyers. Where do you want your money? Money market funds, I guess. Or day trade.
Yeah... just what we need... advice from two guys that have never managed other people's money, aren't even CFAs, and have never experienced a recession... regurgitating their views based on interviews they've done with other people who often don't run money... in order to increase their engagement scores so they can... make $$$... Pure sagacity and altruism.
@@Monetary-MattersHaa, Saul Goodman. You are so good at what you do here, I have accepted your rapid speech as a necessary nuisance. ‘Tis I who must adjust to you!
Big fan of Mr Farley and this show. I hope it goes from strength to strength.
Great show guys!
cheers mate! :)
JF
This was a great show, thanks fellas! So stocks and bonds sold off today. So did gold and bitcoin. Because the fed said they probably won't cut the overnight rate much now. Reasons for saying so; inflation and unemployment. Why is inflation ticking up and unemployment manageable? Government spending. So fiscal policy will hold the overnight rate around here, while 10 year note reflects inflation. Puts pressure on debtors and would-be borrowers. Puts pressure on consumers. Puts pressure on private employers. Response: more government spending. Inflation and interest rates continue to creep up. Prices fall when there are no more buyers. Where do you want your money? Money market funds, I guess. Or day trade.
Subscribed! I see we got the band back together!
The passive bid -- only thing that matters. When flows turn negative, that's when the chaos starts. Jack, you know this, you've interviewed Green
Jack nailed it with Repro rates . Damage control from Yarscami Research .
Whoever actually believes there will be only 1 or 2 cuts in 2025 also believes the easter bunny actually exists!
I remember not long ago when the market priced in a cut for every month of 2024....
ur underestimating the inflation risk...
Underdogs! Underdogs!
Yeah... just what we need... advice from two guys that have never managed other people's money, aren't even CFAs, and have never experienced a recession... regurgitating their views based on interviews they've done with other people who often don't run money... in order to increase their engagement scores so they can... make $$$... Pure sagacity and altruism.
I listened to Powell. Sure didn’t hear the same thing these guys are saying. Go listen yourself.
What did you hear?
Jack, slow down
He just can’t do it. He’s a fast talker by nature.
@@billybudapest3129 very true! probably good for podcast listeners who like to listen on 1.5x / 2x
@@Monetary-MattersHaa, Saul Goodman. You are so good at what you do here, I have accepted your rapid speech as a necessary nuisance. ‘Tis I who must adjust to you!