Former Fed Governor Kevin Warsh: The Fed doesn't seem to have a serious theory of inflation

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  • Опубліковано 23 жов 2024

КОМЕНТАРІ • 47

  • @GaryNicka
    @GaryNicka 4 години тому +72

    The belief that the Federal Reserve would stop raising interest rates was the driving force behind the entire economic chaos. What should we do now that we have a situation where interest rates are crashing? At this point, how would you suggest that I safely allocate $300k?

    • @Jamesjerome0
      @Jamesjerome0 4 години тому +2

      Although the market is currently volatile, aren't the current valuations a result of the Federal Reserve's monetary policy and low interest rates? Therefore, my recommendation is that you consult a financial advisor who can give you entry and exit points for the shares that you are interested in.

    • @MickyGlover
      @MickyGlover 4 години тому +1

      Agreed, my portfolio is well-matched for every market season yielding 85% from early last year to date. I and my CFP are working on a 7 figure ballpark goal, tho this could take another year. IMO, financial advisors are the most sought-after professionals after doctors.

    • @kurtKking
      @kurtKking 4 години тому +1

      this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

    • @kurtKking
      @kurtKking 4 години тому

      Thanks, I found it. I booked a call with her on her website, her résumé seems pretty tight.

  • @beny.5736
    @beny.5736 6 годин тому +6

    I don't care how high they raise interest rates, inflation isn't going away until they government stops running up these ridiculous budget deficits 😂

    • @speedrunner9907
      @speedrunner9907 2 години тому

      so you advocate for cutting government contracts to private companies for example through medicaid? are you against the private market?

  • @BradsPitt
    @BradsPitt 3 години тому +2

    I wonder if the FED has a third mandate which is to prop up the US stock market.

  • @williamburzynski7141
    @williamburzynski7141 6 годин тому +7

    Kevin warsh speaking the truth. Fed has moved into politics not the other way around. The world’s financial system is in a world of hurt from a decade of easy money and run away government spending. Hold fast. The storm is just beginning.

    • @speedrunner9907
      @speedrunner9907 2 години тому

      ok moscow thanks for your opinion, by the way, how’s the ruble doing?

  • @LetsGoPats819
    @LetsGoPats819 5 годин тому +4

    Inflation is the only way out of the mounting government debt. Cut the rates and let inflation run wild. This is looking like the fed policy.

  • @theholyregime7131
    @theholyregime7131 4 години тому +1

    Don’t turn the money printer off when it’s time for me to fill up my bucket.

  • @stkedu
    @stkedu 6 годин тому +4

    Kevin Warsh articulated perfectly the problem with the Feds recent actions(~last 3+ years)

  • @JeanCharlesEvrard
    @JeanCharlesEvrard 4 години тому +1

    This is the best guest I've seen in a while

  • @GeorgeSchneider8889
    @GeorgeSchneider8889 9 годин тому +2

    The fed needs to get rid of their balance sheet and keep their interest rate around 3%

    • @speedrunner9907
      @speedrunner9907 2 години тому

      So every time there’s moral hazard and goofballs make bets in the gazillions and the fed forgives the weirdness to save the market, every time that attack on america happens, you’re telling me it’s important to take the fake number back to zero?

  • @OurDystopianFuture
    @OurDystopianFuture 9 годин тому +4

    $SLV to $50

  • @GameTV0587
    @GameTV0587 9 годин тому +2

    Best date dollars

  • @Judge247
    @Judge247 9 годин тому +2

    “Pardon me while I overthink this…”
    FOMC may regret their 50 bps cut decision now, but the justification at the time seemed fairly clear. They were reasonably on the fence in July but didn’t cut, immediately followed by employment numbers (UN-adjusted) that would have justified a 25 bps cut. So when September came, they took both 25 bps cuts at once, to catch up.

    • @speedrunner9907
      @speedrunner9907 2 години тому +1

      i clearly remember jeremy siegel begging for a 50 maybe even 100 points cut. edit-it’s just weird how everyone who helped build the consensus can perhaps run away and lay the blame on jay powell, who is a scholar and a gentleman. I wonder what the professor has to say, i don’t hate him, he’s made us all a lot of money if you listened to him.

    • @Judge247
      @Judge247 Годину тому

      @@speedrunner9907 I admire Prof Siegel but still take him with a tiny grain of salt. I’m envious of his energy and lightly restrained optimism, as a fellow geriatric. Regarding the FOMC, outsized sudden inputs to the monetary system in either direction are suspicious at the outset, but the “stacking” of two small incremental moves in the Sept meeting seemed reasonable, given the evidence and trends. Best of luck to you.

  • @danielhutchinson6604
    @danielhutchinson6604 3 години тому

    When the economic policy of either Party appears on a losing streak,
    it does seem difficult to choose?
    Hoover may have had some liberal looking attempts to be helpful to Citizens,
    after the 1929 affair that landed in His Lap, still they include Hoover as a GOP Guy,
    in any explanation of that years economic effects.
    8 minutes and no mention of the former Colonies that were acquired in a hostile takeover from the Spanish Empire in 1898,
    and milked for resources until they joined a Trade Union?
    How can Colonial Empire apologists discuss the fate of the Empire as a gathering,
    of the former Colonies decide what the Supply Chain should charge,
    and ignore that group?
    Like Lord Belamy or the Earl of Granthum discuss the sad status of the British Empire in the 1920's?
    The demise of the American Empire seems to be another victim of Politics, and not Greed?
    I assumed if Becky had a shock collar on Steve, She may have squeezed the button?

  • @albertoperin402
    @albertoperin402 5 годин тому

    Nice

  • @letsdanceonhere
    @letsdanceonhere 5 годин тому

    Thank you Mr Warsh

    • @speedrunner9907
      @speedrunner9907 2 години тому

      thank you for what? being a critic??i could get the same conversation at the local bar. that’s the same issue with trump too.

  • @davidblick2192
    @davidblick2192 5 годин тому +1

    By the way. Vote red.

  • @rickhayes-oh2zm
    @rickhayes-oh2zm 9 годин тому +1

    taking the herion away.

  • @roadhammerraymond4165
    @roadhammerraymond4165 7 годин тому +3

    Joe you are a annoying and ridiculous
    Retire!

  • @zoner__
    @zoner__ 3 години тому

    Warsh is "former" thank god.

  • @Quantitative_Teasing
    @Quantitative_Teasing 4 години тому

    No wonder they got rid of him. The guy speaks the truth.

  • @WiCapitalco
    @WiCapitalco 5 годин тому

    Almost as if it's market manipulation like they've been doing with Vix swaps and forwards.

  • @rickhayes-oh2zm
    @rickhayes-oh2zm 9 годин тому

    the action starts best thing in life. Great United States stock market.

  • @royprovins7037
    @royprovins7037 6 годин тому

    Is Kernan drunk

  • @GeorgeSchneider8889
    @GeorgeSchneider8889 9 годин тому

    Inflation is embedded in housing. Anything else is gibberish 🤷‍♂️

  • @rickhayes-oh2zm
    @rickhayes-oh2zm 9 годин тому

    that is what you have done bad economics.

  • @jerodgriffith337
    @jerodgriffith337 6 годин тому

    Public education has obviously failed america. If you drive up production cost, then the consumer has to pay for the increased cost. Large corporations have management under contract and quotas to meet to keep stock holders in the market. If the energy cost goes up, labor cost goes up, and transportation from producer to consumer goes up; then obviously the price goes up? Luckily, my mother was an economics professor and actually educated me on how markets work, instead of being gaslighted by media who have no clue how inflation works. They're making americans dumber every episode 😢

  • @rickhayes-oh2zm
    @rickhayes-oh2zm 9 годин тому

    your stock market would of collapsed

  • @wbay3848
    @wbay3848 8 годин тому +1

    Inflation is extremely simple to calculate if you aren’t focused on hiding the truth about wealth inequality.