It feels like if people don't see growth in a week or a month they throw a tantrum sell out then proceed to call the market a fraud, lol. Forgetting It's always the hard times that show us how to be better investors for the long term ; understand and know the path needed and stay committed to the craft. Be smart don't let fear stop you from making money
Understanding that this downturn is something to be happy about, not stress over. Best birthday gift anyone could ever asked for. .. Invest, make those dollars count! . Everything you want is on the other side of fear
wow!!! how are you able to achieve all that given that the market has being a mess most of the year? I've been in the red for the past couple months, lost 12k last week alone, Indubitably I've got good companies but returns is still stalling
@@wiebeplatt4749 he one effective technique I use is staying in touch with a fnancial-pundit , it might sound basic or generic, but getting intouch with a fnancial-pundit was how I was able to outperform the market this red season accruing returns of roughly 170k and i hope to get more . credit to Stephanie Priscilla Bonillo
@@Robertgriffinne I was able to find her webpåge when I lookedup her fullname.I read through her resume and seems pretty tight. So, I dropped a message & hopefully she replies soon.
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If you have followed El-Erian over the last few years you can't help but be impressed. He began questioning FED policy by early 2021 and was one of the few experts who argued that inflation wasn't going to be transitory. Very bright guy, and one of the very few experts I follow closely.
only politicians said it was going to be transitory. actual people have been sh*tting on the fed for years. at the same time, you can't blame the fed or any one politician for this. inflation is happening everywhere, and it's not as bad in the US as it is in many other places. when you look at the US dollar as it compares to other currencies, you will see that the USD is outperforming just about everything else. the the Chinese yuan, euro, pound, etc. there are countries in Europe that hit double digit inflation back in may.
He was bearish in 2020. He thought we would have a recession during that time, yet we had one of the biggest economical U turns in history. He's an amazing analyst but I wouldn't say hes "bright". If a lot of people had listened to him during that time. They would've missed out big time during that stock market rally we had in 2020-2021.
@@SupaDupaaFlyy Do better research before commenting. Viewing his videos in mid-late 2020 and early 2021, he generally says equities are the place to be as liquidity increases. His opinion changed in mid-2021 and he began warning that inflation was not transient, and that markets were threatened . This caused me and others to go to large cash position late 2021, preventing major losses in early 2022. Anyone who has watched him closely has benefitted, while those who have not just criticize without evidence.
It's a boom and bust cycle. The non profits and small businesses will do most of the R & D, and the new products will go out through the federals and be contracted out and further modified by the big boy private markets. Then we will see the boom. I think.
Smart, knowledgeable fellow but I don't hear El-Erian say anything forward looking - nothing is a surprise after it has happened. It's fine to listen to him to help understand what has happened but he doesn't provide much insight on anything, probably holds that back for paying clients?
yeah but a lot of people sure weren't complaining for the past decade when it benefited them. now the government must be accountable for what it's doing, and people like you still complain. I'm not saying that this is justice, but this is one of the few ways that oligarchs feel any sort of pain even if it does come at the expense of the everyday person.
The only thing thar worries the markets is the end of cheap money, they could not care less about the economy. In their minds cheap money solves all economic problems.
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This is what happens when you put an investment banker in charge of the Fed. We bow & bow & bow to these corporate monsters. Oh wow! Who could have seen this coming? Fascism is here. Buckle up.
It’s time to go to work America, time to pay the bill, the chickens have come home, stop the income redistribution and get to work to pay the tab of runaway spending, $30T at 7% = …..
With that amount of debt plus interest which is probably more and will be more than 7%, we will never be able to curb the spending. The debt is simply too much to pay back and we've been digging a hole ever since with no end in sight. No one in government wants or can address the problem directly.
We would’ve suffered some, but I wish the Fed wouldn’t had done a decade+ of QE bringing us our current unlivable COL conditions. Now valuations will reset hard AND we’re saddled with massive inflation as well. Free markets please.
Great interview. Looks like pain due to the Fed's late response to inflation is indeed unfortunately on the way in the form of a rise in unemployment starting at some point in the coming months. The question is how much job loss the US will have to endure to get inflation down. Fed is saying 4.4% will be the unemployment rate in 2023 which would mean over a million people lose their jobs. Hopefully, we can minimize job losses but yeah it's not looking too good right now.
Can you imagine $20 per gallon at the pump? All the geopolitical bickering and war are bad for business. No bread. No gas. Not good. Now imagine the fallout from a small nuclear bomb in Ukraine. That would mess everything up like the medieval bubonic plague.
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The Federal reserve warned investors that they would see their portfolio's decline as a result of the necessary rate hikes. Investors should have seen the decline in the Stock Market coming a mile away. If you're riding out the correction good for you. But if you've done panic selling AFTER the Fed warned you to get out early, then you get no sympathy from me.
Thank you Chair “It” Janet Yellen. The now head of the Treasury Dept. Does it get any better than that? So.. Buckle your belt and put your trays in their upright position.
I wish Ms. Yelled was still at the Fed. She would've raised rates sooner and less aggressively. I think Powell knows about as much about banking as Trump knows about making money in real estate... essentially zipp....
The Federal Reserve has blown massive bubbles in stocks, bonds and real estate by severely suppressing interest rate prices for 15-years. This ends in either a dollar crash or debt crisis.
Eventually the stock market "goes higher". May be true when your great grandchildren reach your age, but not in your lifetime. "I did that!!!" Signed, "sloppy" joe.
6:30 "We are not in a stagflation situation." "We are. Growth is coming down, inflation is still high." Always know your guest's opinions *before* doing the interview!
We are at the beginning of this crisis. And it will be a crisis. The state of denial in the situation we have created staggers the mind. Since 2008 with bailouts, social programs we can’t afford and QE we have created a facade of stability. It’s crumbling, slowly. But the momentum will be devastating. As a nation we should not have dug this hole. Watch the responses I get, blame, cry’s about social programs and their untouchability or self righteous justification. We all own this. And there will be pain.
Don't forget to add the Republicans blow hundreds of billions at the pentagon for the purpose of "national security." Not to mention wars in Iraq and Afghanistan which accomplished nothing.
Which social programs are not affordable? BTW, the government was paid back virtually all of the 2008 bailout money, and by some accounts, earned a profit. Other analysts say that adjusted for inflation, it cost the government money. But in any terms, it certainly hasn't cost the government much money when compared to the annual military budgets.
@@MojoHaiku Cut them all and rebuild them with conditional participation requirements. The cycle of generational welfare has to end. It can start with the expectation being taken away. The entitlement attitude started in the 60s has solved nothing. We spent $2.397 trillion on the welfare system in 2021 and it's going to be higher in 2022. It pays dysfunctional families more to stay on the dole than get off it. Look up the amount a person can pull in year in year out. As for the Bailouts of 2008, you and many others say we got our money back? Did we at what cost? Think about it, QE(fed buying bonds), low to zero interest. With the markets exploding off that facade of extra money in the system, how could the banks not pay back? Did you know the banks were using the bailout money to buy the cheap bonds and T Bills of QE? It was a government financed huge profit run. Did we get our money back? Take a good look around. Inflation is a cancer, our economy is stalling and at $31 Trillion dollars and growing and we are very far behind the curve. The reality of our current fiscal situation and harrowing at best. As for the spending in the military. It's better to spend a huge amount to avoid or deter a war than fight one. And the world is getting a little desperate. Ref-Cato Institute, PBS Frontline(excellent programs on the 2008 financial crisis and the following years), Sowell, Williams, Brookings Institute.
Good news bad for the markets? Economic good news good for the economy? Bad news for the markets is good news for the economy? Bad economy is good for the markets?
Great interview. It appears from the comments I read here that the Orange Mussolini fans self-selected their way out of this discussion. I want to note that what Biden did with Covid relief money etc was at least Mostly necessary because people would have suffered extreme hardship without government help. Any other response would have been like Britain's response to the potato famine.
I remember early 2021, everyone who was knowledgeable was telling the inflation will become bad. The Fed, JP and Yellen were saying all is fine and it is transitory. The question is why do these people still have such important jobs? That doesn't make sense to me!
America is booming … Economics of yesterday doesn’t make sense anymore . America is no longer tied to the world economy. High wages mean high inflation
Thanks for pushing back on the notion that "we are not in stagnation Mohamed. The Major looked liked a private after you reaffirmed what most of us are able admit. That's mainstream media for you.
I would have said QE was the mistake. Recessions are just part of the game. But with QE we told ourselves we could avoid all recessions. I'd like to get back to a place where the markets aren't just responding to the Federal reserve and where the little guy can buy a home. I think the Federal reserve is to blame for both of these problems.
QE WAS NOT a mistake given the damage to the Economy caused by the Pandemic. The mistake made by the Fed was going into denial about inflation and instead calling it "Transitory Inflation." BTW Transitory Inflation isn't even an economic term. The Fed just made that term up so they could ignore the Data.
Yeah, Janet Yellen said it proudly that we found out a way to avoid recession and this country will not see recession any more. People laughed about it. Honestly, it is not just QE, it also has something to do with globalization, for example, in California we see a Russian payed record price for a mansion, we see Chinese buying multi-million dollar houses plus a vacation house in Lake Tahoe. Another example is probably more than 50% of world wine production is consumed in Asia(China, ...etc.). Also, tens of thousand tons (to be exact 6000 tons) of Maine lobster shipped to China every year, it used to be protected. We enjoyed the benefit of global growth without high inflations, but sooner than later the money come back to U.S. We probably too short sighted to see this but should not be surprised by it.
It all started in 2008-2009 bailouts. It was finally broken with Trump shutting down the economy and sending out 2 stimulus checks and raising unemployment benefits to ridiculous amounts and pushing J-Pow to keep rates at zero. Then Biden continued where Trump left off. Now we need to flush the system and it will be painful
There is no free lunch. The problem is not realizing when you have to pay for it. It can be delayed but you will pay in either a lower stock market or a devaluing of the dollar.
Yep. In the end the Federal Reserve will sacrifice the paper dollar. The Fed will break something big soon. The Fed will not have the will to ride out the crash. It will respond with massive currency creation very soon.
@@scottdavis3571 Yep. I suspect the Fed will severely debase the paper dollar in order to avoid a massive crash. Higher rates will break something big soon.
You probs. Should limit a fed. Chairman moving over to being treasury sec. ! YOU CAN'T HAVE A G.D. FEDERAL RESERVE AND SOCIAL SECURITY RUNNING TOGETHER AND EXPECT STABLITY!
The top 10 percent aren't hurt by this recent market drop. They have cash available and at some point they will add to their holdings and grow their money pile. The people who are hurt in this market drop are the lower middle class. They have only meager savings. And higher interest rates make it tougher to buy a home. It's a lose-lose situation for them.
Very self serving, inflation is the issue and the spending causing it. He is suggesting we don't tackle inflation a very serious long term problem so he can get shot term gains for his interests. The jobs report could easily be showing a return to work by those being affected by inflation. We need to watch the GDP and Output numbers. He is also ignoring an artificially forced horrendous increase in energy cost that will affect everything with no actual benefit except to those creating " solutions" that don't perform and pollute just as much as what we have now. Let's hope and pray for everyone especially the Investment Banking world to see the light and do the right things for everyone not just themselves. My opinion
Here’s the thing, while the FOMC was calling inflation transitory, no one, NOT ONE economist was saying the FOMC was wrong. Wall Street could care less if markets go up or down because they can make money in both directions. They have tools not necessarily available or known about by the financial illiterate.
One of their tools is selling stocks short. When they feel a correction is coming. It basically is pouring gasoline on a small fire. And the small investor gets burned. Every time.
I think inflation helped corporations stay profitable. Thus employing lots of people. The employees did a better job then thought possible and we're going to start seeing the over supply of goods on sale. The inflation also created more tax revenues without a bill to increase taxes that would have been near impossible to get rid of. It is what it is ! I think it's highly misunderstood by investors creating fear and uncertainty.
How come the federal reserve doesn’t have to be accountable for their actions or answer to anyone? I don’t see anybody challenging them in their decisions and what they’re doing and why they’re doing it.
It is called a financial bubble. How many times does the FED have to inflate them before we recognize them and the cause of them. Bubbles need low interest rates. Healthy economies don't crash unless they were fueled by QE.
Its not just QE, its MONOPOLY! 2 years of record company profits with high inflation. Most prices are way higher than they need to be. Watch next quarter.. profits for FOOD,Water, Energy, Shelter Monopolies will all be up. Its sad we will not see this talked about in the monopolized corporate media.
probably not. the world economy essentially crashed to a halt in 2020. in 2021, it rebounded massively. i wouldn't call that a bubble. that massive rebound not only caused inflation, it caused huge rebound supply chain issues, which...caused inflation. and losses in 2020 by corporations caused them to jack prices to recoup those losses, which...caused inflation. 2022 is still recovering from the effects of all that, along w covid still being a thing. and Ukraine. there is so much inherent volatility in all that i'm not surprised the market doesn't know what to do.
@@vforwombat9915 It is a financial bubble. Yellen and Powell waited too long to raise rates and should have never made QE a regular part of their tool box. In the fall of 2019 the financial markets were at record highs and Trump bullied the FED to reverse course on rates and stop the selling of securities off their balance sheet. Housing, stocks, collectibles and art were all at record highs or near record highs. The FED started up QE again with reverse repos to support the stock market. The FED added several trillion to their balance sheet when the pandemic hit in March 2020 and implied they would even step into the markets to buy bond etfs. It was foreseeable that inflation would take off in 2022 and wasn't transitory. Asset markets have just begun to crash and will not reverse course until the FED hint they will use QE, again. The currency will be the last victim of this experimentation by the FED.
@@vforwombat9915 "in 2021, it rebounded massively" Yeah because central banks around the world printed trillions in stimulus and gave it out. That is literally the definition of a bubble. "losses in 2020 by corporations" Most sectors outside of the tourist business had record profits in 2020. "2022 is still recovering from the effects of all that" 2022 is a shitshow because the Fed finally turned off the QE faucet.
Bad news for the what? The markets? How about for the planet? Because that's what it actually means. On one side of our mouths we sound an alarm about global warming, & on the other, we obsess over continually growing our economies. While economic growth w/o an increase in the exploitation of natural resources exists, most growth is literally fueled by burning carbon & heating the globe to oblivion.
Have you ever done the math and-or looked into not just catastrophic, but INSTANTANEOUS ecological apocalyptic damage the so called “green” ... “solutions” are to a non transition replacing carbon based energy where we’re talking about issues facing us maybe decades or centuries out (devil’s advocate here) ? Look at the rare earth minerals, mining, smelting, astronomical amounts of water shed (that becomes irreparably damaged) for lithium, magnesium, spherical graphite, silver, nickel, palladium, cobalt, etc etc etc.. (and more scary is Putin and Xi have most that market cornered).. None other than Elon Musk even points out repeatedly).. We all need to do our homework and not trust the Grifters who are US energy secretaries, while primary investors in battery operated municipal bus manufacturers...
