Why the Fed's Rate Cut Forecast Could be Wrong | Joseph Wang & Danielle DiMartino Booth — Public App

Wang basically want zirp & nirp for his cry baby wall street bankers friends

Historically wants to cut the market collapses

Middle and lower earning families are getting crushed!!
How discouraging! Work 40 hrs per week and barely can afford to keep their lights on or feed their kids…
Recession coming- guess what, only going to hurt the same families who are already struggling!

I see DDB and Fed guy, I click!

They won’t report the truth about the poor state of the economy until AFTER the election.

When does the stock market start to align to reality? Amazing how long it takes.

Curious if y'all think that Fiscal Dominance will be the COMPLETE TRAIN wreck that history tells us it will be?

"BUT THIS TIME IS DIFFERENT!"

LOL. 😅

When do bankruptcy widen credit spreads?

These are the only people tellimg you the truth
Along with Rosensburg

Only way to get inflation down is to reduce energy prices. Simple but we need to build back better. There going to be no cuts this year. They made the mistake of not jacking up rates enough.

Just before the election (if there is one), then rates go up again. Voting is an illusion.

Higher forever-no freaking cuts.

So we're almost 8 months into a fucken recession, and I just got cut from my truckin' job - after an unending 18 month 'freight recession' - in the 7th. 💩🤷‍♂️

Job losses are continuing to happen in tech and in Northern California I am seeing foreclosures. It hasn’t hit San Diego because everyone wants to move here

Just like the rally at the end of 2019 into 2020, Only an external force will stop this rally.

I would agree about off to the races and it don’t matter who wins the election they both don’t have to worry about a reelection they are going to print like a mad man on meth. Grandma Yellen is already doing a trillion dollars every 90 days and trump will fire her so he can print 1.5 trillion every 90 days is going to be a total 💩 show pile up as much debt as you can so inflation can wipe it out

when are you gonna tell the truth that there are simply too much currency circulating in the hands of the rich while average Joes have nothing?

When they start to cut remember inflation as it will rise too. Sadly you take the good with the bad. Good video guys.

Where are all these illegals working at?

U are so sweet and nice and very smart danielle😊

As a viewer outside of the USA it seems obvious. It's all about salvaging the $ . PERIOD , FULL STOP , THAT'S ALL YOU NEED TO KNOW.

You do realize inflation is caused by all the money bidens spending on wars he's a dumbass

Interesting that Daniel included Joseph's prediction at the very end

Thousands of homeless

He’s going to eat those last words

Wang just outed himself as a Biden stooge. The new talking point is when Trump is elected inflation will take off. Bull shi Joseph Wang , inflation reached 10% under the Biden the terrible

Good to hear real economic analysis when the US government is lying on a daily basis for political reasons. We are in a net job loss and we can see it and hear it from others. The disinformation is coming from the US government and their main stream media propagandists. I guess lying is a way of life in America today.

Wait until the petrodollars start coming home from the saudis move. Yes, americans thought they were struggling with this inflation, wait until they get 200% inflation (e.g. some goods will be 4X).

Tons of spamming BScomments.

I said this before and I'll say it again because I watch a lot of these channels. I have no idea what these people are talking about cuz all I see are people spending tons of cash. Brand new cars, vacations, going out to dinner all the time. I have neighbors putting additions on their houses and new decks on. So I just don't know what all these people on all these channels are talking about because I sure as hell don't see it. However I will submit I have no idea where people are getting all this money it makes no sense. I make 145 k a year and I have almost no debt except for a mortgage and I'm not even spending because things are so tight. But a lot of people just don't seem affected

It’s possible to report too few new jobs created and revise it up but reporting 640k imaginary new jobs when you lose nearly 100k is incomprehensible.

The Biden administration’s economic statistics are about as honest and forthcoming as China’s COVID numbers. We won’t fully understand for many years just how badly the economy has been damaged by all of the monopoly $$ Biden poured into the system.

I don’t think Mr. Wang is familiar with the history of the market and how it is directly affected by interest rates. As soon as the first rate cut is announced, because they are forced to be honest about the recession, the market will start to tumble and continue to tumble until rate cuts stop.

These Millennials and Gen Zers with their speculative trading are adding chaos into the mix. True investors will shift their assets out while the speculators will carry it for a time with momentum and hype. It would only take a month or so for the rug to get pulled out from under them.

Open keystone and everything gets cheaper no matter what the fed does. Fuel affects the price of everything. The fed has become a one trick pony.

The federal reserve needs to raise the fed funds to 20%, make houses affordable for americans again, remember, americans are the people who live in america bank in america, and use dollars.

I mean at some point Congress has to stop deficit spending at a rate that is higher than GDP growth. The debt can grow, but it needs to come down in percentage terms against GDP.

Peter Schiff made a good point too. Volker cracked the credit cycle in 1981 with punitive borrowing rates. Personal debt-spending fell. Now it has not fallen off, because 5.3% is still low; credit card debt expanded. People are still borrowing. So inflation is not in check yet.

"If we have a Trump presidency, it could be a very inflationary cycle" - TDS, counterfactual claim. The clear act didn't lead to inflation because it was offsetting lockdown. It was Biden's crazy spending after taking office that goosed prices, then the follow-on IRA just made things worse.

Unfortunately government and fed policies has pushed the have nots down into poverty and the haves to the moon.

Blah blah blah

As a 24 years consultant in the world of Preparedness and Survival Skills there are some very concerning scenarios we are seeing in the natural world that could disrupt all views of the future economy. With the last gasp of the current Grand Solar Maximum we are seeing very disturbing CME activity that we witnessed in May. It is going then move us into the 320-380 years cycle of the Grand Solar Minimum that actually created a Mini Ice Age over two thirds of the USA. This time we will probably avoid the Ice event but not the Arctic freezing temperatures for upwards of 35 years!

“You are either investing or letting inflation eat away at your purchasing power” saw this somewhere and it really resonates with me. I have about $300,000 sitting in a HYSA and I want to invest it. Where would you invest this as of now?

Someone give Joe a cup of Joe. 😂

Joe sees the Market higher for longer - I am betting against that theory. There are simply too many crazy stupid metrics in play. Market Cap / GDP, Market Cap Weighting of the top 6 equities, Charting: Top 6 vs Rest (S&P and Nasdaq)

The fed is trying to tame inflation until the elections, then lower them for the government to make our debt cheaper to refinance since America doesn’t have the money to actually pay back what was borrowed. Meanwhile the market will jump over the lower rates and inflation will skyrocket again. It’s a house of cards that will eventually fall under its own weight.

The only way to reduce the risk of run away inflation after a cut is to raise rates one more time before cutting

Repent the kingdom is near.
1 John 1:9

I think they will do everything possible in next few months to deceive Americans into thinking everything is getting better. After November inflation will continue
We have a chance to make America great in November. If you want the status quo, don’t complain.

This seems like the worst period.
Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!

Rate cuts commenced in June 2024, taking 6-8 months to complete. A potential crash, if any, might occur by March 2025. The soft landing narrative is gaining traction, making this big recession everyone is calling for less likely. With $1 million from a business sale, I'm seeking profitable investment opportunities for the next 3 years.

I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.