So I just watched it again! This is the most powerful and provocative macro and markets focused interview I seen all year. Very powerful statements made by Joseph on accountability and phenomenal interviewing by Jack....especially when Jack is quiet and lets Joseph riff on FOMC accountability. This interview is a public good. Thanks again both of you
It’s common sense. In order to cut Fed must increase money supply. That spikes inflation. Bond holders then require higher yield on long term bonds which will cause long term rates to go up, while the fed is dropping short term rates. The fed obviously knows economics and knows this. But, their purpose is to save a dying economy at the expense of higher long term rates, until the collapse happens - in other words the rate cuts are designed to “kick the can down the road” at the expense of a worse collapse. The final conclusion can only be that this is a controlled collapse, engineered as the great economic reset with the participants being the fed, well for me tho Bitcoin is the ultimate defence against a tyrannical government.r.....I've been engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
What I appreciate about Linda Wilburn. is her ability to tailor strategies to individual needs. She recognizes that each investor has unique goals and risk tolerances, and she adapts her advice accordingly.
When it comes to investing, we want our money to grow with the highest rates of return, and the lowest risk possible. While there are no shortcuts to getting rich, but there are smart ways to go about it.
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
Rate cuts by the feds can lead to lower returns on traditional savings and investments, often fueling inflation and eroding purchasing power. In such an environment, cryptocurrency can be a strong defense. Unlike fiat currencies, many cryptos have limited supply, making them less susceptible to inflation. As rate cuts drive investors to seek alternative stores of value, crypto’s decentralized nature and potential for growth make it an attractive option to preserve wealth and hedge against the negative effects of monetary policy. Thanks to Loraine Souvenir program, i've grasped trading concepts, boosting my earnings through her daily insights.
It's unexpected to come across her name here. She understands every beginner’s intention and fix you to a trading course that matches your capacity, she knows her stuff! Her advice has been invaluable to my trading journey. Definitely worth giving a shot!
It's truly refreshing to see a comment about Loraine Souvenir. I've also had the pleasure of working with her for several months after discovering more about her online. She has a knack for simplifying complex issues, whether it's a market surge or decline. Her approach consistently keeps you ahead of the curve. I'd call her a guru, for sure
The beauty of her approach is her dual focus: while she aggressively pursues profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve.
Nice to see this here. A lot of folks downplay the role of advisors until they’re burned by their own emotions-no offense. I remember last year, I needed a good boost to help my business stay afloat, so I researched licensed advisors and thankfully came across Loraine. She’s helped grow my reserve, despite inflation, from $152k to nearly a 7-figure sum as of today..Her insights and daily siignals are worth following.
Whoa what a day!!…. JP purple tie, 50 bps cut, decent FED outlooks on US GDP & unemployment, the Teamsters poll, Trump paying in Bitcoin at PubKey AND to top all that, Wang zong inaugurates your new show!! Enhorabuena & I guess we all know your already high bar will prove inversely correlated to US interest rates.🚀🎯 Hope to see Michael Howell on Monetary Matters soon.
Joseph killing it as usual. Jack "you don't really believe their politics affects policy do you" Joseph 'well a former gov wrote an article demanding exactly that". Jack: 🥴
“Rigging the game in favor of a political party” In this case the Democrats. This is not predominantly how one should assess the situation at the FED in regards to the vast number of staffers. One should however consider that “rigging” is not the issue of most importance but their world view combined with their monetary world view is. MMT is their monetary world view - and that has pretty well be proven to be wrong. Their ideological world view has likewise proven to be wrong. An interesting side bar acquired via polling does however focus on how the well educated doesn’t have a problem with “cheating” on election results (by a whopping 65%) to achieve the election of their preferred candidate! (A Democrat candidate) But again, “rigging” is less troublesome though possible. It’s their Ideological and Monetary world views that ARE!
The uptick in the unemployment rate (on which JP apparently bases this cut) is primarily caused not by economic weakness, but by undocumented workers replacing those who respond to the household survey. The 800k+ downward revision to the business survey was based on tax withholding data (being less than anticipated), because replacement workers are generally not paying taxes. In short, open borders have imported globalization. Inflation is secular, weak USD will provide another inflationary tailwind. This will be JP’s Arthur Burns moment.
@@terrywatt4617 Yes, I think so Terry. Yield curve is steepening, dollar is weak, today’s initial claims do not support significant labor market weakening. In addition, open borders will strain cost of US rent, health care, etc., …not to mention escalating military costs from renewed global tensions. But I tend to be a pessimist, so perhaps that’s coloring my negative outlook. Thanks for letting me vent :)
Happy Fed "hawkish 50 bps cut day" 😂Buy gold early and often, folks. I don't know what happened between Jack and Blockworks, but they will rue the day they let him get away because his show was literally the only reason to watch any of their content whatsoever. Onward and upward!
I know that the 2008 bail out resulted in the federal government owning preferred shares in a lot of financial institutions, so perhaps it is just a separation of concerns kind of deal whereas other countries do not care about making that distinction.
Joseph, sounds like you feel the wishes of the people should more directly impact monetary policy. Given that the majority of us/voters are more and more resembling mushrooms (kept in the dark and fed "misinformation"), wouldn't this level of influence shift us further in the direction of serfdom?
Joseph your argument in belief of a possible recession was weakly put forward and not well explained. I think you are wrong about this (as I have found you to be wrong on a number of things) I dont see a recession for the remainder of this year and well into next year. For the same reason we did not have a recession the previous year when everyone was calling for a recession. We still have the Keynesian tail winds of the Infrastructure Bill, Chips and Science Act, Inflation Reduction Act as well as the spending for the wars in Ukraine, Gaza and the South China Sea. The 90+ Billion aid package passed in the Spring is a 90+ injection into the U.S. economy. All of this spending will continue to be sprayed out over the next few years. Presumably Kamala Harris will be elected and presumably continued spending in aid for Ukraine which is really an injection into the U.S. economy. I have even heard talk of a Chips and Science act II which will be another Keynesian injection into the U.S. economy preventing any recession in the foreseeable future.
What a Combo ! 🎉 Hope to see you two in many, many more interviews in the future.
So I just watched it again! This is the most powerful and provocative macro and markets focused interview I seen all year. Very powerful statements made by Joseph on accountability and phenomenal interviewing by Jack....especially when Jack is quiet and lets Joseph riff on FOMC accountability. This interview is a public good. Thanks again both of you
You are great interviewer I am happy to be one of the first subscribers to your new channel! Good luck !!
Great job both of you. Jack congrats on the new show. Joseph you've been spot on for so long ❤
Thanks Joseph. Always value your opinion! Looking forward to your weekly update as well!
Let's go Joseph! Glad to see Jack starting strong
It’s common sense. In order to cut Fed must increase money supply. That spikes inflation. Bond holders then require higher yield on long term bonds which will cause long term rates to go up, while the fed is dropping short term rates. The fed obviously knows economics and knows this. But, their purpose is to save a dying economy at the expense of higher long term rates, until the collapse happens - in other words the rate cuts are designed to “kick the can down the road” at the expense of a worse collapse. The final conclusion can only be that this is a controlled collapse, engineered as the great economic reset with the participants being the fed, well for me tho Bitcoin is the ultimate defence against a tyrannical government.r.....I've been engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
SHE IS ON TELE GRAM.
@LINDAWILBURN.
What I appreciate about Linda Wilburn. is her ability to tailor strategies to individual needs. She recognizes that each investor has unique goals and risk tolerances, and she adapts her advice accordingly.
When it comes to investing, we want our money to grow with the highest rates of return, and the lowest risk possible. While there are no shortcuts to getting rich, but there are smart ways to go about it.
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
Sweet! Thank You Gents
Jack & Joseph the dynamic duo back together again!
NICE! What an intro to the new channel 🙋🏻♂️
Rate cuts by the feds can lead to lower returns on traditional savings and investments, often fueling inflation and eroding purchasing power. In such an environment, cryptocurrency can be a strong defense. Unlike fiat currencies, many cryptos have limited supply, making them less susceptible to inflation. As rate cuts drive investors to seek alternative stores of value, crypto’s decentralized nature and potential for growth make it an attractive option to preserve wealth and hedge against the negative effects of monetary policy. Thanks to Loraine Souvenir program, i've grasped trading concepts, boosting my earnings through her daily insights.
I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this
It's unexpected to come across her name here. She understands every beginner’s intention and fix you to a trading course that matches your capacity, she knows her stuff! Her advice has been invaluable to my trading journey. Definitely worth giving a shot!
It's truly refreshing to see a comment about Loraine Souvenir. I've also had the pleasure of working with her for several months after discovering more about her online. She has a knack for simplifying complex issues, whether it's a market surge or decline. Her approach consistently keeps you ahead of the curve. I'd call her a guru, for sure
The beauty of her approach is her dual focus: while she aggressively pursues profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve.
Nice to see this here. A lot of folks downplay the role of advisors until they’re burned by their own emotions-no offense. I remember last year, I needed a good boost to help my business stay afloat, so I researched licensed advisors and thankfully came across Loraine. She’s helped grow my reserve, despite inflation, from $152k to nearly a 7-figure sum as of today..Her insights and daily siignals are worth following.
Thank you Joseph
thank you sir. a great start to a historic day and a new show
Whoa what a day!!…. JP purple tie, 50 bps cut, decent FED outlooks on US GDP & unemployment, the Teamsters poll, Trump paying in Bitcoin at PubKey AND to top all that, Wang zong inaugurates your new show!! Enhorabuena & I guess we all know your already high bar will prove inversely correlated to US interest rates.🚀🎯
Hope to see Michael Howell on Monetary Matters soon.
Detective of Money Politics is following this very informative content cheers from VK3GFS and 73s from Frank Melbourne Australia
My favorite macro duo. Stellar Performance Joseph
Joseph killing it as usual. Jack "you don't really believe their politics affects policy do you" Joseph 'well a former gov wrote an article demanding exactly that". Jack: 🥴
I subbed to Jacks channel, #73 to be exact, but im watching this here 1st.
Thanks JW 🤙
Congrats Jack! Best of luck
Wow I saw your last first show too
Congrats
Good luck to you Jack!
Excited for your next chapter 🎉
Congratulations Jack!!!🎉🎉🎉
Good luck on your new show. Just a recommendation for future videos: Chapters.
"Looking for jobs" when you are illegal to hire. There is vague and diplomatic, and there is flatly lying.
Killer intro XD And thank you for the insights!
Perfect guest for a new podcast.
“Rigging the game in favor of a political party”
In this case the Democrats.
This is not predominantly how one should assess the situation at the FED in regards to the vast number of staffers.
One should however consider that “rigging” is not the issue of most importance but their world view combined with their monetary world view is.
MMT is their monetary world view - and that has pretty well be proven to be wrong.
Their ideological world view has likewise proven to be wrong.
An interesting side bar acquired via polling does however focus on how the well educated doesn’t have a problem with “cheating” on election results (by a whopping 65%) to achieve the election of their preferred candidate! (A Democrat candidate)
But again, “rigging” is less troublesome though possible.
It’s their Ideological and Monetary world views that ARE!
Jack!!! And JOE!
The uptick in the unemployment rate (on which JP apparently bases this cut) is primarily caused not by economic weakness, but by undocumented workers replacing those who respond to the household survey.
The 800k+ downward revision to the business survey was based on tax withholding data (being less than anticipated), because replacement workers are generally not paying taxes. In short, open borders have imported globalization.
Inflation is secular, weak USD will provide another inflationary tailwind. This will be JP’s Arthur Burns moment.
Interesting observation. So are you thinking higher inflationary conditions will creep back up again?
@@terrywatt4617 Yes, I think so Terry. Yield curve is steepening, dollar is weak, today’s initial claims do not support significant labor market weakening. In addition, open borders will strain cost of US rent, health care, etc., …not to mention escalating military costs from renewed global tensions. But I tend to be a pessimist, so perhaps that’s coloring my negative outlook. Thanks for letting me vent :)
Happy Fed "hawkish 50 bps cut day" 😂Buy gold early and often, folks.
I don't know what happened between Jack and Blockworks, but they will rue the day they let him get away because his show was literally the only reason to watch any of their content whatsoever. Onward and upward!
It is wild to think about how (and why) many central banks hold stock portfolios but the Fed does not.
I know that the 2008 bail out resulted in the federal government owning preferred shares in a lot of financial institutions, so perhaps it is just a separation of concerns kind of deal whereas other countries do not care about making that distinction.
Joseph is good. Doesn't need a sidekick
“ …served us well.” Seriously, is that how he sees Joseph?
How can a Fed chair say inflation is “transitory” after increasing M2 53% in 2 years, the largest increase in Fed history?
Glad you agree Joseph, a vote for Trump is a vote for growth and prosperity. 👍
Ironic that Jack and Jay Powell both end forward guidance at the same time
must be a deepfake, no hello my friends
What happens to inflation when supply shortages start, following large-scale port worker strikes?
Joseph, sounds like you feel the wishes of the people should more directly impact monetary policy. Given that the majority of us/voters are more and more resembling mushrooms (kept in the dark and fed "misinformation"), wouldn't this level of influence shift us further in the direction of serfdom?
They cut 50bps on the exact same day in 2007
Look more carefully at actual hiring and bankruptcies. The recession started early 2023. These two data sets are unsanitized and clear.
Ill bet im 2.5 times older than this guy.
Joseph your argument in belief of a possible recession was weakly put forward and not well explained. I think you are wrong about this (as I have found you to be wrong on a number of things) I dont see a recession for the remainder of this year and well into next year. For the same reason we did not have a recession the previous year when everyone was calling for a recession. We still have the Keynesian tail winds of the Infrastructure Bill, Chips and Science Act, Inflation Reduction Act as well as the spending for the wars in Ukraine, Gaza and the South China Sea. The 90+ Billion aid package passed in the Spring is a 90+ injection into the U.S. economy. All of this spending will continue to be sprayed out over the next few years. Presumably Kamala Harris will be elected and presumably continued spending in aid for Ukraine which is really an injection into the U.S. economy. I have even heard talk of a Chips and Science act II which will be another Keynesian injection into the U.S. economy preventing any recession in the foreseeable future.
Jack-you need to read The Creature from Jekyll Island. You are naive to think the Fed is independent and impartial.
Jack, I really like you. But you definitely need to work on your speaking speed. It's so hard to follow you.
I wanted Joseph to speak more. I stopped listening half wither.
Subscribed!