Jerome Powell VS. SUPER CORE INFLATION!
Jerome Powell and the US Federal Reserve are in an epic battle for the American economy! Super Core Inflation or inflation without food, energy, home prices, or rent is the true villain of this story. A recent Larry Summers interview highlighted the fact that on a trailing 3,6,9,and 12 month basis are all trending higher not lower and The Federal Reserve may be forced to raise rates not cut them as predicted!
Disclaimer: The opinions contained in this video are our own. We are not licensed investment professionals if you choose to participate in investments discussed herein you do so at your own peril. No investment is without risk and you may very well lose money.
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Пікірлер: 13
How much has your insurance price increased?
@craighealy4766
2 ай бұрын
20%
Home insurance went up by 40% based on initial quote they tried to justify the increase by over valuing the reconstruction cost. Once I corrected it they only dropped by 10% so clearly a game going on.
The issue is, companies are not going to lower prices or stop raising prices unless we fall into a recession or rates come down. Companies are keeping prices high to keep profit margins up in the face of higher debt cost. If the rates go higher it can cause another initial inflation surge. It takes 12-18 months for the economy to adjust to new rates. Volatility will happen in that time period, before it stabilizes as a way for companies to adjust prices for profit margins. Last hike was July 2023. I don’t think rates will go up. Likely we will see inflation drop off further the second half of the year. This will signal the beginning of rate cuts. The Fed said even though they cut rates they will still continue with Quantitative tightening. If the US gets involved with the current conflict in the Middle East, rates will drop much faster.
The bothersome issue is everyone is buying a brand new car at these rates. These are not base or cheap models. These are 35k plus cars. Guess September will be the first cut.
Dylan: You should look at State Farm which is largely auto insurance. Lost $$$. GEICO only made $ because they took less auto premiums. The price to fix cars is way way up unfortunatley in part because cars have become more and more complex.
@ziaulislam87
2 ай бұрын
I wonder how much did compensation packages changed for executives
First the stock market has to come down then they will cut. they can't cut wile the market is near all time high.
Stagflation is here.
Holy moly. Mechanic prices here are 80 -100 euro per hour, x 1.07 that's 85 to 107 USD. Mind you, I earn less than 40 euro per hour and that is before our insane taxes. How can USA still export anything? Nobody can afford to buy it. Just Oil and Gas I guess. O and Big tech services, which are an insane rip-off (looking at you Microsoft)
@Dimitris_1987
2 ай бұрын
Where is the here? I don't know a place in Europe where a mechanic makes this amount of money.
@TheScaryGermanGuy
2 ай бұрын
@@Dimitris_1987 not the mechanic, but the company he is employed by. 🙂
@MrJGxx
2 ай бұрын
@@Dimitris_1987 Netherlands.