The Fed Just Made The Regular American Poorer
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- Опубліковано 19 вер 2024
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Timing is stellar. This is mostly about helping the perception of the current administration.
Bingo
EVERY administration does stuff to benefit themselves. It’s nothing new and it’ll happen again 💁🏼♂️
@@ritterengine1289 a political move.
I don’t think it’s going to help them at all when compared to other issues.
September 18th 2007, Fed cut interest rate by .50 bp. Inflation was high back then, and unemploymentwas ticking up. September 18th 2024, Fed cut interest rate by 50 bp. Inflation is high right now. Unemployment is ticking up.
And bidding wars remains crazy
Yea, but this time is different… 🥴
This was done to stimulate the economy prior to election.
Looks like history is repeating itself. Time will tell.
Yeah it looks like you did😊
Only when the tide goes out do you learn who has been swimming naked. - Warren Buffet
Ayo 😂
Interest rates go up.
UA-cam: 'Doom and Gloom'
Interest rates go down.
UA-cam: 'Doom and Gloom'
Cant make this up!
It’s because he’s a republican - most rich UA-camrs are. With this election, they will say anything to spell doom and gloom , however, if a republican president was there “all is good in the world”
No joke man! I work at a modular construction company and we're stoked, cause we expect more contracts to follow through for multifamily housing units. My theory is a ton of commentators with right wing tendencies are just freaking out right now to any political changes in hopes that people panic vote for Trump. So I think the doom and gloom over literally anything is just trickling down to channels like this.
@@js2567nope, it’s actual economics.
Your criticism is unfairly applied to this particular creator. The point of the video - provided one does more than just react to the headline - is that any economic factor can make you richer or poorer, but it is your behavior in the circumstances that matters. While inflation is a constant, and it certainly can devalue people's savings and encourage them deeper into debt, it is also an opportunity to make increase wealth by investing.
@@GhostRider-870 as with with any other decision of this magnitude, it is both good and bad. Some people will benefit in some ways and other people will see negatives in some ways. Most people will see benefits but also feel negative consequences. Smart people will focus on maximizing the degree to which they benefit and minimizing the degree to which they experience negative consequences.
Jaspreet cares about everybody. He could have just praised the cuts as wonderful for investors like himself, but he also throws in how this negatively impacts the people who are not financially educated. He's an awesome dude.
Dude really? What happened to the Lag effect? We probably haven’t even fully felt the impact of the Feds rate hikes
Depends on which income bracket you’re in.
This whole thing smells fishy to me .
"Never listen to a random guy on UA-cam" - ain't that the truth...
Depends on the credentials of the “random” guy…
Following you has helped my accoynts grow ty. I listen to you daily❤❤❤❤
I really appreciate you, Jaspreet! You have the gift of teaching hard concepts and making them easy.
I just came back from the grocery store, and the prices are still the same. Beef steaks are priced too high for me to buy. In fact, for the price of a steak at the grocery store, you could go to a nice restaurant and enjoy a steak like you did a few years ago! 💗💗
Uh, of course it'll stay the same? Interest rate cuts do not affect that
@@eegernades thank you. I hope it will come down because a lot of people are struggling to survive this mess.
Steak hack: ask for chuck eye steaks. Half the price of ribeye but similar cut
@@Shortie5-1 nothing will ever come down.
@@Shortie5-1Inflation rate are down doesn't mean the price are down. Its still going up, just slower.
The central banks doesn't look the prices and inflation numbers before 2019, they calculated and look at the inflation rate between 2022 - now.
They showing the inflation rate down, not the price up. If the prices are down, its called deflation and the US governments can't afford deflation because of their pile of debts. Also, deflation may lead to recession.
The mortgage rates may come down to 6.1 for great credit. That's not enough of a drop to make a huge difference.
that's a crazy thing to say when home prices are INSANE to begin with. Like spraying fabreeze on a turd....
i just got a loan estimate for a 500k mortgage at 4.8
@@DarkCharizard209 fha or conventional?
@@DarkCharizard209can you please post your lander company . I m thinking to refinancing my home
I got a 28% pay increase in 2021. I have decreased my spending as prices have risen, no extra spending, but live paycheck to paycheck now. Everything has gone up 20-50%, groceries, gas, insurance, home maintenance, haircuts. Seriously, everything. Inflation is out of control.
Same in Canada except I got a 1.25% increase since 2020. It's brutal.
Remote workers are not poorer. They pay less gas and have more free time for a side gig. If you had a long commute a 5 day remote is basically a 10% yearly bonus.
Oh 😂lol you truly are nieve. Working is working period rather at home or in a office your still making someone else rich.
Full Remote work will be a thing of the past soon for most
@@jeffaragon yes but there's a reason people refused to go back to the office. Wasted hours, and transportation costs in trying to get to the office, when you could get started right away, saving you time and money.
@@shaereub4450 that's called being lazy and entitled. People want to get paid but yet they refuse to do what the person who's signs the checks ask them to do. If someone wants to work on their own agenda they should start their own buisness instead of battling with the company or CEO that is providing you the income. " If you give them the opportunity to feed you, then you allow them the option to starve you". What it means pretty much if you rely on someone else to pay you an income then you are at the mercy of the person who cuts the check.
You just have to create another income stream that you are in control of everyone can do so regardless of how much a person makes. Can't rely on the government or you boss to have your best intentions at heart. Nobody will care about your situation more than you yourself.
Didn't the Fee cut rates in 2019 during the supposedly best economy ever?
My three favorite channels: Minority Mindset, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
You most be mid breed.
Thank you for all you do and wish the younger generation listened to you're videos.
I'm so glad I was referred to your channel. So helpful.
I am really worried about the current crisis/interest rates, these are all the signs of yet another 2008 market crash 2.0 , so my question is do I still save in the United States dollar or is this a good time to buy gold?
It’s always a good option to keep some gold. Well with the current market situation and everything at stake with the present economy, I’d say you’re better off staying away from stocks fr awhile or better still reach out to an adviser for guidance.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
Her name is. 'Jessica Lee Horst’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
yo chill everytime you ask stock question the bots show up claiming they have a financial advisor you can send your money to
Love your content
Just watched your video discussing AWS69P and I am very excited about this
I've heard lots of people from X and Facebook talking about this one
AWS is still extremely undervalued
This is good project from Amazon
very promising
I am also AWS Holders 🚀
We probably wont see mortgage rates go down for a lil bit
Good Jaspreet. Very good. You are doing very good work.
Good job jasper
Luvya. Remind me of my fav doctor colleague Dr. K Singh. Thanks for the info.
Mortgage rate has been priced for rate cut more thann50 bp for months,but the home selling has been declined why media still delusional think the situation will be home buyer mania like during the flooding stimulus ?
I followed your channel for a while but your conclusion of never ending home bidding war is disappointed me. No more subscribed for FOMO creating media.
the media is bought by the same people who bought the feds I wouldn't be surprised. ALL they care about is keeping investors happy
I disagree with this. At least for the tech industry, higher rates meant less startups which meant more people competing for positions at established companies. Lower rates mean more start up loans which means more job opportunities
Your point is irrelevant to the topic of inflation
Yeah, more job opportunities in the short term but only a fraction of those startups will actually make it which means the rest of those startups will go belly up like WeWork and Theranos. You can ask those former employees about what they think about those so-called job opportunities.
@@whodefan Yep. "zombie company" example, that's what Minority Mindset said, so everything is correct.
his point is more FAILED startups. More debt for banks, more problems in the economy. That's what he ment by stupid spending
IT'S AS SIMPLE AS THAT!
The best financial page on UA-cam 💯
American does what’s good for them not the citizens
The us government doesn't have a income problem (taxes) they have a spending problem and until the government stops spending foolishly and balances the budget it will only get worse. The last time the USA had a balanced budget was in 2001, that was 23 years ago
Fed wrecked economy due to politics.
As they have always been.
Who's politics?
The fed always seems to over-react in each direction
They said they will take it meeting by meeting. The SEP, based on "information available at the time of the meeting" , has those additional future cuts as "projections" but which depend on various data. But what "THEY SAID" was it remains highly data dependent and will determine the pace of cuts meeting by meeting. Moreover, it is poised to adjust its course as needed if the data resist the attainment of its goals. THEY DID NOT say or commit to further cuts.
That is not how inflation is created though. It’s about making more units of a thing. In this case when they print more Dollars with no Gold Backing. It reduces value of the Dollar. Only the Government can create inflation by printing.
I am not saying you are wrong, but to further elaborate. Money in a debt based system is created through loans. If interest rates go down in theory the amount of money loaned goes up. Now this isn't guaranteed to happen but it definitely helps tilt the scales. So the assumption lies in the growth in loans to create more money and people buy more things creating scarcity driving prices up.
@@ruivo7971 Loan amounts do not go up. If I am borring 100Gs Does not matter if interrest rates goes up or down. The amount of money I borrow is still 100Gs The value of said money worth can go up or down. Depending on interest rates. Mostly goes down because Government does not go Neg. for inflation. They have their own debt they want to reduce the value of to pay back. Government is crooked that way.
It will be 30 years before we recover. By then we will all be eating cats, dogs and geese etc
2024 - Fed cuts interest rate due to low unemployment and low inflation. Powell clearly said, economy is strong as hell so why cut for no reason?
Thats hardly a surprise. The majority have been getting poorer for years. Every time they print a buttload of more currency at ever increasing amounts.
Sucks to be a consumer. Rusing prices, both GOP & Dems want more taxes. Wages now stalled.
I have a question, what if the US economy had no debt at all, and the economy was growing from a national surplus, what would the macroeconomics look like? Versus a nation battling to repay 35 Trillion in debt? Would the US population have a booming middle class? Would the US standard of living have more opportunity? Or less opportunity?
I'd direct you to other nations that don't even have a debt cealing or care that they are always in the red
Watch and review "The Money Masters".
Really isn't good for investors in the long run because once sales reports come back, we're going to see how poor the majority is. This isn't sustainable for ever. Chickens, roost... yeah all that stuff.
Everything having costs is irrelevant. Science will move forward without us time and time again. Greed and those who chose to fight one another over that very greed made this world more difficult than it needed to be. 😔
I’m glad you’re not out here saying how great interest rate cuts are like Meet Kevin. Yeah it’s not bad if you’ve got millions in stocks. But it’s crushing on all classes of people who don’t own a ton of stock.
Thank you random guy on UA-cam you have opened my eyes and brain 😎👾💚✌
Noticed an immediate explosion of house listings in NJ in the last 24 hours... the supply we desperately needed, here we go.
Rates dropping- people gonna come out the wood works wanting to buy... Increased supply.. Increased demand.. Bidding wars.. Prices go up .. same can of worms
Historically supply has always had a greater hurdle in rising to meet demand.
@FitFinanceGuru it's a theory... it may also put downward pressure. We don't know.
In my state a lot of people are probably looking to leave, so a seller doesn't necessarily create a buyer. Most New Jersey retirees flee to Florida.
@@yepdontcarebudA seller will just buy somewhere else, they still need a place to live. We need massive economic pain to stop a seller from buying in any numbers that matter. No, lower rates will gobble up any inventory that comes online and the unending immigration will pile up demand. Prices can only go up.
Doesn't make a difference if people are out of a job or have horrible credit.
It started with high gas prices. Funding two wars.
You need to go back further than that friend.
Thanks for sharing SUI and AWS69P. 💯
Thanks!
Truth brotha
Is Market Briefs in podcast or audio form?
What will mortgage rates look like in Q4 2025? How will refinancing look at that time?
Artificially low interest rates create, what Ludwig von Mises called, malinvestments. In other words, credit flowing into areas it would not otherwise flow towards which create bubbles.
Thank you bhaji
FED
Not Federal
Not Reserve
Not Bank
Then WTF are they?
The dangle the carrot to keep the economy "growing".
I honestly believe these people are so secretive they must be half human, half aliens (ET). I'm serious.
Basically they are the credit card for government.
@@RD-io6sm LOL
@@melgonz2087 Real
I want to know how many amazon work from home employees are in these other states
Every thing was 40% more expensive now or dubbled
Man, these Fed rate cuts are really starting to mess with everything. I mean, sure, they were supposed to help, but now I’m feeling the pinch everywhere. My savings account is basically giving me nothing, and the stock market’s all over the place.
Tell me about it. My 401k? Practically useless right now. I’ve got over $500k in there, but with everything going on, I’m wondering if I should just cash out and figure something else out. I’m getting closer to retirement, and the idea of relying on that fund is stressing me out.
Good bye middle class
Been gone for a decade now.
@@mikehughes8023 wait til kamela takes over
Inflation eats up your cash..... Buy hard and safe assets,
And keep some cash for good opportunities.
Stay healthy and strong.
Clarevalue tax vibe
Is their anyway to reverse this stupidity? Can you take out some of the money we printed? Ive been in african countries that it cost 60 billion “dollars” for a hotel room…can we stop it somehow?
inflation is good for debtors
When the Fed cuts the rate, when does the new eate go into effect ?
Immediately.
This is what they do. I'm now homeless with their Great Assistance... Thanks Ja!
Well we're f@cked..........thanks for NOTHING Joe
Hate to say it but usa need inflation to keep the goverment debt manageable.
Doesn’t the national debt have an interest rate ?
Yes, and its very high right now, good time to lower it, don't you think ?
Yeah but spending is way more of a problem that interests rates. Also interest rates don't affect old debt just the new so lowering rates would make them spend more and get more in debt
There will always be another “reason” for the crash next year
Can I call you Jas?
Bought AWS69P after watching your video, super excited! 💰
If that’s not a rifle, then you are wrong
I can refinance my cars and home.
Behold, a black horse
AWS69P is still extremely undervalued
Are my credit cards interest going down?
Not a chance
Not unless you apply for a new one.
Whoa 😮😮😮 income 14% and inflation 23% !! I'm no mathematician.. But no way this page is obtainable. Yes, great for the rich.. Problem is.. Most people aren't!
Good info, but you need graphics. You’re going over all this information, but it just gets lost in words.
You must be new here.
@@mikehughes8023 You can try to improve, or you can continue doing this
We could abolish the federal reserve and just let the economy stabilize itself.
The problem lies in the government and the corporations running amok. Taxes are too high, uncontrolled spending, stagnated wages, and poor working conditions.
The rate cuts are not a solution. The government doesn't want to sabotage their own gains.
In other words, they're both greedy AF.
@@RD-io6sm that also plays into it, yeah.
Let's melt up! Buy what you can.
Are you looking for information on new developments in economics? There are always interesting trends and changes happening in the field. If you need help with a specific topic or concept in economics, feel free to ask!
I strongly disagree
People complain if interest rates are high and everything is expensive. Interest get lowered and now people complain and say it was a bad move. I have lost all faith in humanity who only knows to whine about everything.....
Preach!
Some people want higher rates some want lower. They aren’t the same people though, the lack of logic from you is why I generally don’t like ‘people’.
Zombie company: DJT
UA-camrs trying to take an opportunity to post a Vlog in order to make money. Completely useless.
You must be new here as well😂.
We need Trump back
Both political parties support private capital in one way or another.
20th!
Your advice led me to AWS69P, holding for 5x gains. Exciting listings ahead!
At this point you are just another doom and gloom “content creator” you said the same thing when interests were being raised
IF THEY CUT…….. You complain
IF THEY DONT CUT…….. You complain 🤦🏻♂️
So sick of these channels.
If you pay attention you see he is right. It's all about timing and when to do moves
Thanks for the advice! Got AWS69P, feeling bullish! 🚀
I STILL WANT YOU FOR PRESIDENT!😂
American must pay, one way or or another. Either pay much higher taxes, to cover massive Federal Govmnt spending habits...
or pay less tax but be obligated to pay for accrued DEBT. The average American indirectly pays for the Debt by participating
in an economy where the Dollar Supply must be continuously increased. Dollars must be made LESS valuable.
Are we ready to cut back SS and other out of control programs?
All this omg rates low inflation going up, did people forget we had low rates from 2009 to 2020 and inflation was low, lolol...sheep
The answer to that is not that simple. Different times then compared to now.
Thanks for the insights! Bought AWS69P, predicting big returns! 📈
💖 Big thanks for the insights into SUI and AWS69P. Both seem like soli picks for the future 💖d
The jews that run the federal reserve don’t care. In fact, i’d argue it is their intention.
Bigotry is never a good look.
@@jaunt3603cry more
Inflation is on purpose and necessary to afford servicing the growing national debt without raising taxes or cutting spending like crazy
@@jaunt3603i’m more interested in truth than “looking good” but if you want to be a slave for zionists, that’s your prerogative
@@jaunt3603yes it is
Lower rates will help me because I can refinance my high interest car loan
No in the long run lower interest rate will hurt you and everyone else.
Unless you’ve improved your credit substantially since you got that loan, any refinance rate is going to be about the same minus a percentage point or so. And if you’ve drastically improved your credit, you should be able to refi with a lower rate regardless of this decrease.
Thank you for sharing AWS69P💗 I really appreciate it
Your recommendation led me to AWS69P, expecting huge returns! 🌍
Your recommendation led me to AWS69P, expecting huge returns! 🌍