I feel like this video is a perfect representation of how many are focused on misguided statistical info that scares them. Take everything with a grain and relax.
I can tell the host did not have a proper response to the net worth of Americans being able to cover our national debt argument. What's misunderstood about the hyperinflation in the Weimar Republic is that it was NOT precipitated by money printing, as the layman likes to believe, but by the confiscation of 10% of assets. What your guest suggests is that we have the same option, but without the second and third order effects. Also, in terms of real-time rent prints. I don't see anyone distinguishing between renewals (still quite robust yoy) and new leases (negative to flat in certain areas). And also doing analysis on the COMPOSITION of renewals vs new leases (renewals are way up relative to historic norms). In other words, maybe the Fed is not so foolish keeping rates high as the deflation people have been predicting since late 2022 has not emerged. I don't even have to mention the amount of money that is being sent abroad, which is inherently inflationary. I think your guest understands this because he previously made that point about the domestic composition of holders of Japanese debt. It's the same concept: money sent abroad and money transferred internally is totally different in terms of the effects to inflation, domestic consumption, interest rates, etc.
Incredibly good session - passing this along to others!
This is pure gold..
I feel like this video is a perfect representation of how many are focused on misguided statistical info that scares them. Take everything with a grain and relax.
I can tell the host did not have a proper response to the net worth of Americans being able to cover our national debt argument. What's misunderstood about the hyperinflation in the Weimar Republic is that it was NOT precipitated by money printing, as the layman likes to believe, but by the confiscation of 10% of assets. What your guest suggests is that we have the same option, but without the second and third order effects. Also, in terms of real-time rent prints. I don't see anyone distinguishing between renewals (still quite robust yoy) and new leases (negative to flat in certain areas). And also doing analysis on the COMPOSITION of renewals vs new leases (renewals are way up relative to historic norms). In other words, maybe the Fed is not so foolish keeping rates high as the deflation people have been predicting since late 2022 has not emerged.
I don't even have to mention the amount of money that is being sent abroad, which is inherently inflationary. I think your guest understands this because he previously made that point about the domestic composition of holders of Japanese debt. It's the same concept: money sent abroad and money transferred internally is totally different in terms of the effects to inflation, domestic consumption, interest rates, etc.