Top historian Niall Ferguson warned Friday that the world is sleepwalking into an era of political and economic upheaval akin to the 1970s - only worse.
I wonder if people that experienced the 2008 crash had it easier because this market conditions are driving me to insanity, my portfolio has lost over $26500 this Nov. alone my profits are tanking and I'm don't see my retirement turning out well when I can't even grow my stagnant reserv.
@Abu.chowdhury I’m new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up.
By portfolio I'm assuming you mean the "worth of your public stocks. If so, I would say focus more on the operational performance of the companies who represent those stocks than the paper value of the stock market.
They know exactly what they are doing, The problem is some times people and revolutions get in the way only to start the process all over again. First by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property.
It is gone, we lived through the zenith of our time.The corrupt government will take down this country like what happened to Rome. My condolence for anyone approaching retirement you may have concerns over whether your pension pot will stretch to cover the rising costs of living. Bad energy policy, bad foreign policy, bad regulatory policy , and insane fiscal policy.
50 and retiring early. I'm really concerned abt the future in all aspects of where we all going, in this breath finances ; how to stay afloat. I'm thinking about investing for the first time in the capital-market but how can i achieve all that given that the market has being a mess most of the year?
@@TruckeeFam I can relate to that on firsthand. I began with "THERESA MARY CHAMBLEE" whom is a fiduciary financial-advisor and my gains were guaranteed. In such instances, I would always recommend hiring an expert to guide you through unpredictable markets and simply provide you with indicators and tactics for determining when to join and exit the market.
@@MIchaelGuzman737 Please how can i reckon with such skillset? I'm seeking for a more effective investment approach on my savings, putting it to work because its getting killed due to inflation
@@MIchaelGuzman737 Theresa really seem to know her stuff. I found her online-page, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her.
I can envision double digit inflation. I’m 68 years old, I was a young family man trying to get my first mortgage back then (early ‘80’s). 9% adjustable mortgage, that jumped up twice into double digits. It took us years and years to recover from that. The upside was that we learned to live frugally. That is really important. Really. Learn to cook at home, drastically reduce dependence on restaurant food. Drugs, gambling…… really? Plenty of other ways to have fun. Find a reasonably priced fitness place, convenient to where you live, and exercise on a regular basis. Oh…. Here’s the key. Either don’t get married, or, find the right mate and DON’T get divorced. Invest in sensible ETF’s and diversify. Many of the personal finance sites I read stress buying and holding rental properties. Might be good, but I have seen and heard so many nightmare stories. That’s enough….good luck.
I am already learning to live frugally😅 no takeouts, picking cheap brands for home, etc I hope it doesn’t get too bad though. And though i am a girl, i am not planning on having kids. Don’t want to end up not knowing how to feed a kid. I guess the white demographic part of the planet is going to shrink even more.
@@aliasoma If you go to Shadowstats, they use the government's pre-1998 CPI. They have it at about 14%. That matches my experience more than the govt's current bullshit numberm
No matter how bad things get, Davos men and women will always be sitting in nice settings, eating good food and either making plans for the rest of us or being interviewed about those that do.
If I may add a slightly pessimistic note; it seems to me that quite often throughout history, politicians have distracted populations from internal unrest and mistrust of government, by getting into “good little wars” and everyone is either “with us or with them”. A distraction from problems that are very often created by their own politicians actions. And during war, privations and currency correction, can be addressed with impunity
This is 100% accurate. The reason behind all this China talk is the distraction. Unfortunately ordinary people don't seem to see through the fog to realize that it's our own politicians policies that got us where we are right now.
what you are saying is the sad truth ... Putin over estimate his ability to take Ukraine and Biden want this war for his political believes (righteousness) ... no one wanted the peace ... except for those living in Ukraine (not the politicians).
No we have expenses like Netflix, home wifi, meal kit subscriptions, etc. So the way to measure HAS to change - it can not stay the same and still be relevant.
@@failedfishermanBC huh? They still had food, gas, and homes, etc. in the 70’s. If we take housing alone, we no longer factor in home prices in the cpi !? Instead we use owners equivalent rent, which is a highly underreported number due to the way they survey rent and it makes up a full 33% of the inflation number. If we used actual home sales and accurate rent increases, we would be at double digits alone. This doesn’t even factor in the other ways the current measures understate current inflation vs. 70’s measures.
Wonderful discussion but we must NEVER interrupt such a guest like this one. Let him stay on his subject and continue to talk and teach us. Thank you. A great program and otherwise a good interviewer. RS. Canada
It would have been nice to see him interrupted and asked to address points like the fact the interest rates are now no where near what they were prior to the crisis in '73, we are coming off a decade of near zero inflation and are still below the inflation trendline from 2000-2008 even after the recent inflation, oil prices are below what they were prior to the invasion, and that the US is now an oil exporter and the largest world producer.
@@shivasrightfoot2374 Absolutely right! Americans learned from Paul Volker not to be like Arthur Burns. Inflation was deliberately stoked by the worst Fed Chair ever, Jerome Powell, who doesn't even have an economics degree. If Putler uses nukes everything is going to change anyway.
Why are these guys constantly taking China’s side instead of America’s re an independent country, Taiwan? Just like when Russia thought it could just walk into Ukraine, the West needs to protect independent nations that are targeted by dictators like Xi and Putin.
@@jctai100 yeah probably after it started. Economic cycles are going to happen, so all you have to do is take side and wait and eventually you will be right. 😂
Transfer of wealth usually occur during market crash, I've been looking up strategies and apparently both bull and bear market condition provides equal avenue to accrue massive gains, and a news article particularly mentioned a 54 year old that made $280k in 8weeks, how do I learn these strategies, my portfolio has been stagnant for months.
You have to get a financial-advisor/broker to aid you diversify your portfolios to include commodities, inflation-indexed bonds and stocks of companies with solid cash flows, as opposed to growth stocks where valuations were based on future potential earnings,
@@joshspring7686 Had a good run during my first year in the fin-market, I assumed I had a hang on it. However, things changed during the pandemic, and I needed to diversify into safe assets, so I approached a coach who devised a structure that matched my goals, and in my first year working with her, I made a whopping $695k, which I hope to scale to a million before the end of the third quarter.
@@miawhitlock9140 that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you?
@@miawhitlock9140 I curiously looked Jessica Meador Jones online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals.
@@pakpala1 It doesn't matter if he is right or wrong. The process matters and the possibility at this point in history is a reasonable assumption. Impossible to always see the future clearly, but there are also points where the future is clear and other points when alternative history is possible. It might not be as bad as he mentions, but the things he says should be clearly considered. He is not making things up. I hate nothing more than historians giving up their inheritance from Thucydides and just making things up. Enough people in the news do that already.
We are already in the big crash, Inflation is a catastrophe. To bring the stock market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
@@carter3294 You are right! I diversified my $100K portfolio across various market with the aid of an investment advisor, I have been able to generate a little bit above $300k in net profit across high dividend yield stocks, ETF and bonds during this red season.
@@viviangall1786 How can I contact this adviser of yours? because I'm seeking for a more effective investment approach how good is this person at portfolio diversification, particularly with regard to digital assets?
@@Steyne968 My advisor is ’Nicole Ann Sabin’ In terms of portfolio diversity, she's a genius. You can glance her name up on the internet and verify her yourself, she has years of financial market experience.
If you want real certainty -DON'T TRUST SOURCES CLAIMING OUTSTANDING RESULTS ON SOCIAL MEDIA!!!! Spambots create threads faking popularity! Don't trust any financial advisor that isn't registered with legal authorities in your country!!!!
Niall Ferguson is one of the trustworthy authorities that should be heeded. Many academics are full of themselves, but NF takes an honest and objective look at history and current events.
Hes a perma-bear. Him an Nourielle Roubini kept rambling the same doom outlook throughout the greatest amd longest bull market in american history. They lost all credibility long time ago.
Not really. He works for the Rich and says whatever they want. I remember him arguing for this Century being China’s century and couple of Years later he went back on his words after the backlash from that.
@@luckyluke1503 Thanks, you took the words out of my mouth, he's a sold out shill for people that invested Communist China and the elite that sold everyone out to turn China into the world's factory while his people (oligarches) collected most of the profits
The higher level of debt is DEFLATIONARY. If inflation grows, the value of that debt declines. The decline was inconsequential in the 1970s, but it is huge today.
Inflation makes debt *easier* to service. Higher level of government debt in particular creates the *impetus* for inflation. Governments want the inflation because they can always tax a percentage of nominal GDP to service the debt - the bigger the nominal GDP (regardless if there's any real growth) the better.
@@r64g, that was true in the 1970s, and while it is still true, there's a difference now. There is much more debt now than there was. When inflation rises, the value of that debt declines, reducing the money supply. That, by definition, is deflationary.
@@johncarder819 By this flawed logic, the government can simply add debt to 1000% GDP and spend our way into economic nirvana without ever having to worry about inflation. Why hasn't anyone done it already?
Top 10 facts that the Federal Reserve & Central Banksters will never admit: 1) USA has a fiat currency. 2) Fiat currencies fail 100% on Earth. 3) Most fiat currencies fail at 30 years. 4) USA’s fiat currency is over 51 years. 5) Hyper-inflation is inevitable. 6) Currency debasement is inevitable. 7) Debasement = All cash worthless. 8) U.S. dollar = Leper w’ most fingers. 9) U.S. deficit is untenable. 10) U.S. currency debasement looming.
Wow, sounds so scary!! I'm going to buy crypto and gold. Those always do really well!!! Explain to us why the dollar is now the strongest currency in the world? Leave out the conspiracy theories and sloppy science.
Dear boys, please increase "compassion dynamics" leading to cooperative actions. It isn't ALL a competition, it isn't a game to beat everybody else. It's called "living together in harmony."
FYI - Ferguson here is no economist ... as much as he likes to pretend to be one. He is just a one man talk show - who likes to toot his own horn as much as possible. He is a "historian" ... note that he is not much of one ... a revisionist for the British empire (forgetting American got its independence from the BRITS)... but he got kicked out of UK and now he is sing the song for the "US Empire". In reality it is quite amazing how much Americans love his ideas ... while no one worth anything of value would not take him seriously.
@@titusp9488 This sounds very personal. Do you bear some kind of personal grudge? On the economy, the problem is way too much liquidity that central banks created. As for Taiwan, that's a guessing game. And although China may be experiencing problems, so is the USA, Europe and Asia generally.
@@titusp9488 Brilliantly silly remark. Where to start? Firstly, anyone a liberal disagree with is not by definition ‘ not to be taken seriously’. Ferguson is a highly credentialed historian (Oxford and Harvard) and has branched out into economic history. Secondly, as liberals are only capable of dealing with simple Manichaean dichotomies, they have no understanding of nuance: the British Empire had bad and good aspects - as many former colonies recognise. ‘Revisionist’ as used by you merely means that Ferguson doesn’t subscribe to the whole liberal narrative about empire. Next - he wasn’t ‘kicked out of the UK’. Your final sentence is risible sophomoric nonsense, translatable into ‘he writes things I fervently disagree with, so he is a nonentity’. Don’t you realise how puerile you sound?
@@michaelkolanis2032 , well don't know him personally but do stand against his imperialistic ideas. American soldiers died in defense of liberty and freedom not for imperialism / suppression of others.
A brilliant analysis by Niall Ferguson. The factors underlying the current economic crisis are qualitatively quite different from former configurations, and it makes no sense to think that applying remedies that have resolved the situation in the past will be applicable to the current situation. In particular, in the present circumstance am not convinced that the FED's current policy of raising interest rates will be effective in reducing inflation, but will instead contribute to spiraling it upward.
If the only tool you know of is a hammer, and the only possible thing you know to do with a hammer is to pound nails down, then everything becomes a nail. Perhaps economists should become aware that all hammers are not sledge hammers and that many hammers come with a claw end that can be used for extracting nails, and they should start looking for how to use this other end of the hammer.
I think he is very wrong. Niall Ferguson does not understand the geopolitics of Asia, he is not aware that if Taiwan falls to China, Japan and Korea are now split off from the rest of Asia, they will have no access to Australia, New Zealand and the rest of SE Asia. China wants to force nations to it's side and create a new world order where they dominate nations in their sphere, if Taiwan falls China wins so the USA cannot and will not surrender Taiwan it's Taiwan or nothing. This is not about the USA changing policies form the 1970s it is about a situation where if Taiwan falls to China, Asia then falls to China. It's as simple as that.
Taiwan can not "fall" to China. Taiwan is, has been, and will remain a part of China. Unlike the US hegemonic agenda, China has no expansionist interest in dominating Japan, New Zealand, or the rest of SE Asia.
Niall Ferguson does not make accurate prophecies. He just brings up good points. This doesn't mean we may hit a cluster fuck. Just not the one he predicted.
Agreed 1000% , it's basically going to be the direct opposite of what he's saying which arguably could be just as bad till we sustain on our own two feet. The thing he's right about is there definitely will not be a soft landing.
Stopped listening Fergusson as soon as i heard "my friend, Larry Summer" ! we are here in the very corupt circle of the Clinton, Obama, Klaus Schwab and Economic Forum, Great Reset (allowing the US NOT to pay back its enormus debt to other countries !) and One World Government... All those have been the architects of our coming disaster !
The consistent poorest state in USA is Mississippi. Economists,as reported in The Times,are now predicting the UK will be poorer,in terms of income and wealth in the broad sense. Furthermore 10% of the population hold nearly 50%of UK wealth,and wealth inequality increasing is about the only safe bet sadly…what a mess we have created
I think I'm correct in saying that the world isn't actually producing much more than it was in the 1970s, but the only thing that's changed is the growing debt that's been attached to it. Really, in many ways, the last 50 years have been a great swindle and I'm sure that history will come to see it that way in good time.
One person's debt is someone elses asset. 75% of US debt is private sector savings (and no shortage of buyers). The current inflation is the supply shock. We did stop much of the world economy for covid - which is unprecedented. I have plumber friends who can't get 2inch abs elbows. Myself having run a print business for decades I'm seeing unprecedented shortages of paper. The ports are still backed up. Its like the shift to household goods from military after ww2, there was major inflation then too. Oh and the world is producing far more than in the 70s. (I was around then too).
The world isn't producing much more than it did in the 1970's? Even the world population has more than doubled since then..... In the 1970's I didn't have a laptop, yes...the one I'm typing on, and that's just for starters....Were you around, then? Are you math challenged?
I feel more like 1930s (China in particular is bursting after lots of crazy growth) and we seem to be headed to war with Russia/China as the equivalent of Germany/Japan... vs the democratic states of Western Europe/UK/Japan/USA/Aus/Taiwan etc
He said it right on ...You cannot have fix inflation without a recession... same as you cannot fix a leaky pipe without turn off the water..patching it will only works for the short term.
Niall appears to be talking sense, you only have to listen to what Michael Burry, Ray Dalio are saying by autumn when Europe and other countries around the world head into winter will feel the ripple affects of Russia turning off the gas supply this the war, unemployment, record high interest rates will all lead to global recession that will make 2008 look like a walk in the park. The markets are governed by human sentiment and that never changes history proves as much. Could be wrong but history demonstrates this.
@@dougm659 If you calculated inflation today the same way they calculated it in the early 1980's, inflation would be about 20%. How is a fed funds rate of 2.25-2.5% going to slow inflation?
Not just what he mentions, but the energy crisis (because most Eu nations can't meet the load demand by their own production). The electricity prices are skyrocketing, ans not just because of speculations, but real reasons (the changed weather and dimmer heat accounts for pretty empty water reservoirs). This (if nothing else) will push the Eu in recession. Chinese construction bubble just popped and will, due to the size of the country, spread to other countries.
I see a lot of youngster investors in the comments that will get a big surprise with painful learning lesson. Too bad they didn't live through the 1966-1981 period to be able to capitalize on the massive correction about to happen.
@@atmavictu2995 You're not understanding the regular falls & severe corrections of stock markets....that's why you will learn an important message the hard way. Your thinking is way-off-base: Advanced Technology (beyond 1966) has absolutely nothing to do with...and does not hold up a synthetic, inflated, bubble high P/E and propped-up market ripe for a super hard correction. Wall street (and myself) will happily take your money from the unknowing, unaware and you.
@Ian Well, said. I was actually very impressed at how much power (money) the millennium and young investors have....after the 20% market correction we had from Jan to June this year they actually bear bounced it all the back (up 15%) to only a 5% correction. While that could be the PPT being active... I believe there was some serious money coming back in with all the young investors using the same charting tools...to buy, buy , buy. When you're buying stocks...it's good to check and see who the sellers might be...if it's JPM, Morgan Stanley and any/all the big stock holders unloading slowly...you really don't want to be buying using your charting tools showing green-go signals.
@@CattleRock I have been hearing apocalyptic PermaBears for over 40 years now, you are all the same...meanwhile I have stocks that went up 30-40 folds. You should see a shrink, yours is a pathological psychological disease than can be cured.
@@atmavictu2995 lol, I'm not a apocalyptic permabear...I've calculated and can actually see a 60% stock market correction...then I'll get back in....simple as that.
The 1970's was a s...t time. Two gruesome recessions (1971-73 & 1977-78), 25,000 conscientious objectors forced to work for no pay as "volunteers" because hospitals refused to hire them, the gasoline shortage crisis of 1977-1978 and the freezing of wage buying-power entering its 10th year (1968-1978). And U.S. employers were gearing up to automate and outsource jobs leading to a 50-year long "Long, Slow Depression."
If it is worse than 1970s, I rather be the US than any other country. The dollar is reaching all level high compared to everything else. The US will outbid any other seller on essentials (if they are able to export it to the US) and everyone else will have to fight for whats left.
But what will the US offer if knowone wants dollars anymore. Because you won't be able to buy anything with them because the US don't produce anything.
Not trying to sound inflammatory but I've thought this and kind of realized that we've been in a currency war here for a while... and now Janet Yellen wants to price cap russian oil....
Most people do not care where their money work when they sleep, so why would they think about '70s? Your briliant book Mr. Ferguson is teaching about a crucial shortage in education in field of history when we think about those highly payd quark matematicians. So even more likely similar behavior can be awaited in case of a nominal politician or businesman.
I have never heard of a "diesel shortage" in my life and yet now we are facing that here in the USA. Our country is imploding under this administration.
Really? How old are you exactly - 15? There was a massive diesel shortage under GWB in 2008 - with average prices skyrocketing to then unheard of levels above $3/gal. If you're going to make a big show of clutching the pearls with outrage over this supposed 'unprecedented' state of affairs??? At least ask somebody old enough to help you do it credibly.
I don't remember any diesel shortage under Bush or any other President. I don't remember any President saying he was going to shut down the hydrocarbon industry in America until this guy was selected.
@@davidwell686 The first point is not everybody else's problem. There are plenty of resources that would've refreshed your memory about the prices I quoted. My personal favorite is the site for the US Energy Information Administration (USEIA)- but that's on you, ultimately. The second point was not part of your initial complaint - which is all I addressed. Now that you've made the second complaint, go ahead and likewise direct me to the relevant quote that confirms it. Thanks
In a commercial environment when a borrower has more debt, and there is higher risk associated to the borrower, the lender raises rates to acknowledge the increased risk associated with the debt. In the last 15 years the govs have embarked on massive overspending and creating deficits and debts that are unserviceable, and throughout this 15 process of accumulating this unserviceable debt, the fed has reduced rates instead of raising rates. This has essentially fuelled and encouraged more unserviceable debt. The motive of creating unserviceable debt could be the introduction of cbdcs to offer a resolution to the ensuing mess.
I agree with everything you write, except that the main driver of creating unserviceable debt is the political class and their never-ending quest for more power and wealth. They are at the core of the fiscal and monetary systems, so they benefit the most from large infusions of cash. It's not surprising then they always make pitches to the general public, "if we don't spend an exorbitant amount to solve x problem now, we will be worse off in the distant future." They are so full of themselves, that many actually believe their own propaganda and have lost sight of their own greed. You can see the giddiness in their demeanor in the media when faced with a new "crisis" because it reinforces their sense of self-importance. The current inflation crisis can be traced back to early 2021 when the new government passed the "American Rescue" stimulus of trillions in new spending after the fundamentals of the economy had already recovered (I, and many others, had predicted it would cause inflation back then, but we were ignored by the political class). They have continued to push for trillions in new spending since because that is all they are programmed to do in the detached reality in which they have ensconced themselves.
Hi. Timothy. Yes there an be no doubt that the drivers of this debt fuelled situation is the desired wealth transfer to the globalists. The public think the money spending is necessary as the causes all seem virtuous. But under proper scrutiny these excess expenditures were not based on science or economics. And the resultant debt fuelled situation has just facilitated the wealth transfer by the old pump and dump strategy. Interesting times.
@@phils5650 Yes, agreed. But to your point, some of the smarter and more forward-thinking among the oligarchy see that their access to the gravy train under its current structure cannot continue indefinitely, they have therefore latched on to co-opting the most promising technology to "reset" the next iteration of the system for their own power/enrichment. It is a fundamentally parasitic approach, and one that will be difficult to thwart by the common masses (especially if the elites continue to succeed in dividing and subverting societies along the way).
When I saw the title referring to "an historian making a financial analysis".... I immediately concluded that this guy is probably a Brit... Britons with the most amplified RP accents often massively overestimate themselves, their skills, competences....and the power and importance of their country... At one point we will have a harsh recession, and in fact a recession has already started ... no big prediction... Want financial advices? you better listen to the folks who made billions in finance, Tudor jones, Buffet, Munger and many others ... not the talking heads who write in financial newspapers. The same guy wrote a book stating that Britain should not have entered WW1. He ignore that had Germany won WW1 and taken over Europe, Britain would have been the next domino to fall soon or later. That is exactly why the pre-ww1 British government decided to enter the war, oh surprise... Ferguson thinks that he is more clever than they were.
@@thomasdooley5904 "Germany did not start ww1"!!!! "Germany was not the main Belligerant" !!!! You must have been sleeping very deeply during your history classes...
My ancestor was a bodyguard to a certain Austrian Noble in Sarajevo in the summer of 2014. Could his failure to protect this Royal heir have anything to do with the start of The Great War? Oopsies.)
@@Orson2u The Habsburgs weren't that bothered by the assassination of Franz as he shit the bed by marrying beneath his station but the serbs would not let the Austrian police join in the official investigation which was a political sleight that could not go unanswered.
@@AudiTTQuattro2003 We Support an Alfa Male, he's a Lion. Jojo MaGoo was installed like a Toilet on Pennsylvania Avenue. There's no stopping US. With or without Trump the MAGAGENDA Platform will continue, simple as that!
The Fed needs to normalize rates. They must unload trillions of treasuries and MBS off their balance sheet. The dollars received from the sell must be extinguished.
It is fairly simple, of every dollar printed 95 cents went straight into non value excessive market ballooning. The economy will stay out of balance until the excess dollars are backed by real value or taken out of the system.
I think when you take the Federal reserve requirement from 10% as it was for a long ever, down to 3% and now 0% as the credit Masters create credit and then sell it on Wall Street so that they can create some more with nothing behind it. A 10% deposit requirement on $10,000 creates $100,000 of credit potential. It's 3% deposit requirement creates 5 million dollars worth of credit potential. And if it's a zero percent deposit requirement you can create all the credit you can create if you can sell it, and buy the whole neighborhood with borrowed cash as I save $10,000 struggling to come up with a down payment. And that interest that never lets you pay off the debt because you're paying it with borrowed money and you have to borrow more money to pay what you borrowed because it's all borrowed. And if you get rid of the excess dollars there's no dollars to cover the debt, the interest. When the interest owed is more than the principal owed, complete bankruptcy will be at hand, unless more credit is created to cover the payments of just the interest which was incomplete and doesn't touch the principal which continues to grow. The way money is created, perhaps even the barons ought to fear.
@@zAlaska Cheers. That is well worded. Fiat Money introduced as dept and fractional reserve banking. The tools to let the masters take it all. Its the biggest heist in history.
@@ronaldronald8819 how many millions of dollars is your $40,000 home worth? Take the money and what are you left with? A dime that won't even buy a cigarette.
@@ronaldronald8819 I have been saving this hundred dollars to buy gasoline for over a year. During this time an additional $10 for my dollar and every dollar has appeared, seemingly out of nowhere. There's 10 times more dollars available to spend just like cash. Why is the price of gasoline gone up everywhere and why is the price coming down in America and skyrocketing everywhere? I've been managing your retirement and only charging 2%. Watch it grow and I'll only charge you 2% compounded every year and I get 2/3 of the profits by the time you retire because I charged 2%, which one using bankers math is only 2/3 of the profit. How much does your investor charge?
Americans really aren't prepared for what's about to happen. We actually believe that nothing bad can happen here but we are about to get a rude awakening
@@raoulhery Better start prepping, dude. The zombies are coming out soon too!! Get plenty of AR-15s, ammo, and dried food. I would suggest living in your basement now!!
The US is literally the largest oil producer of crude in the world now as well as a major exporter of crude. This is different from 1973. Increasing oil prices will also stimulate some sectors of the US economy, ones that have been especially neglected during COVID shutdowns (when energy producers had been delaying maintenance and repairs due to incredibly low oil prices). The Arab producers participating in the 1973 strike currently account for about three times as much oil as produced by Russia. In 1973 these Arab countries would have had an even higher proportion of oil production. Immediately upon the start of the embargo in 1973 oil increased in price by 150% and eventually increased 460%; in comparison oil increased about 33% after the start of the Ukraine conflict at its absolute height but has since August 31 been trading below prices on February 23, being currently about 15% cheaper than immediately before the conflict; oil prices today are almost exactly what they were three years ago in September 2019 prior to COVID. Inflation is still below trend from prior to the 2008 financial crisis despite the recent uptick. We are coming off a decade of near zero inflation. In the 1970s we had just quit the gold standard and had been plagued by inflation for years. Interest rates on 10-yeat T-bills were near 7% in Dec 1973 on the eve of crisis, they were 2% on the eve of the Ukraine invasion. Furthermore, the fall in house prices is not accounted for in CPI inflation data but does represent a significant disinflationary pressure. I would take a bet against Niall's position here.
A lot of inflation is supply side. Reduce supply, demand too high, price goes up....this is the energy crisis and the supply issues from China being in covid lockdowns. Raising interest rates would be catastrophic in this situation.
You can’t blame supply for inflation because supply cannot be changed by policy in the short term. Demand managers have a duty to lower demand to match supply. Interest rates must be raised.
TRADING HAS NOT BEEN GOING WELL WITH ME, I HAVE INVESTED A LOT OF TIME AND FAILED, I TRADED ON MY OWN BUT EACH TIME I KEEP LOOSING MONEY. I DON'T HAVE GOOD STRATEGIES TOWARDS THE MARKET. PLEASE CAN SOMEONE PUT ME THROUGH ON THE RIGHT PATH.
The best strategy to use in trading is to trade a professional who understands the market quite well, that way maximum profit is guaranteed. Because I have learned along the way of my investment that research and analysis are important, note that experience is more needed, than luck when it comes to the financial market.
Yeah you're right, most times it amazes me greatly the way I moved fro an average lifestyle to earning over $62k per month, utter shock is the word. I have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.
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