Comments by "Daniel Bradford" (@Falconlibrary) on "CNBC Television" channel.

  1. Translation of resignation: I plan to get even richer by cashing in on my public service. 81 and thinks he's going to live forever. Maybe he knows something we don't.
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  2. Isn't this the same state that doesn't have drinkable water for the citizens of the state capitol (Jackson)? Mississippi goddamn.
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  3. Dear Mr. Cooper: that skreeeeeeeee sound you hear when you start your internet and the voice that says "You've got mail!" means you need to upgrade your service.
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  4. I just bought the exact same groceries today that I bought three weeks ago. Three weeks ago: $86.41 Today: $109.14 Yeah, that inflation is under control, alright.
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  5. EVERYTHING'S FINE NOTHING TO SEE HERE MOVE ALONG NOTHING TO SEE HERE The more these people reassure us, the more alarmed we should feel
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  6. So 74% of stocks are in a downtrend is another way to say that.
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  7. Cramer is that guy in Don't Look Up who predicts the comet is going to miss Earth, nothing to worry about.
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  8. Do you all realize who is speaking here? Not one of CNBC's usual black-hearted Wall Street shills who are trying to sell you this or that, but a Nobel Prize winning economist who actually changed the way all economists study markets, i.e., his work in advancing the field of behavioral economics (which combines elements of economics and psychology to understand how and why people behave the way they do in the real world). When Shiller speaks, listen. He rarely gives specific advice but he just did: wait to buy a house if you can, because you may get it "a bit cheaper". Meaning a lot cheaper, because that's how a man like this talks.
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  9. All I can say is that the experts and pundits both: 1. Told us there wasn't going to be a recession 2. Then told us that the recession would be short and shallow 3. Told us inflation would be transitory 4. Told us inflation has leveled off/is declining a half dozen times in the past six months 5. Told us that crypto was a great investment 6. Are amazed that crypto prices are collapsing worldwide 7. Told us that housing prices would go up by double digits 8. Then told us that housing prices would only go up by single digits 9. Then told us that housing prices would go down but only by single digits 10. Now tell us that housing prices will go down but only by 20% nationwide Are you having trouble keeping their "predictions" straight? It's almost like they don't know anything at all and are just talking to produce carbon dioxide.
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  10. RICH PEOPLE: We've tried EVERYTHING to attract more workers. WORKIING PEOPLE: Including higher wages? RICH PEOPLE: Whoa, whoa, whoa, let's not go nuts, here.
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  11. Three things: 1. Should've raised it 50 bps at the LAST meeting. How can the Fed misread the data this badly? 2. The Fed won't raise by 50 bps at the next meeting because the free money addicts on Wall Street will throw a tantrum, and Powell has made it clear THE MARKET is his only real concern. 3. I said a year ago the same thing I'm saying today: Powell is Arthur Burns, not Paul Volcker. Powell's slavish obedience to THE MARKET and his innate timidity in fighting inflation have doomed us to a DECADE of stagflation--worst of all possible worlds. That's all.
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  12. 17 million vacant homes in the USA. The housing shortage is artificially created. A vacancy tax would force many of those homes onto the market.
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  13. Cramer just keeps hitting those home runs. Same guy who was urging investors to buy SVB stock less than a month ago. He's the Babe Ruth of investment advisors!
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  14. HOW TO GET $1 MILLION IN THE BANK STEP 1: GIVE CATHIE WOOD $10 MILLION TO INVEST STEP 2: WAIT SIX MONTHS
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  15. “It's difficult to get a man to understand something when his salary depends on not understanding it." -Upton Sinclair, not talking about these CNBC "stock market analysts" but he could've been
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  16. BREAKING NEWS: The Titanic MAY be headed for an iceberg.
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  17. Three things: 1. Should've raised it 50 bps at the LAST meeting. How can the Fed misread the data this badly? 2. The Fed won't raise by 50 bps at the next meeting because the free money addicts on Wall Street will throw a tantrum, and Powell has made it clear THE MARKET is his only real concern. 3. I said a year ago the same thing I'm saying today: Powell is Arthur Burns, not Paul Volcker. Powell's slavish obedience to THE MARKET and his innate timidity in fighting inflation have doomed us to a DECADE of stagflation--worst of all possible worlds. That's all.
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  18. Lagarde has a perfect record: always wrong. Lagarde should've gone to prison after her 2016 conviction in a French court (found guilty of negligence in approving a £400 million payout of taxpayers’ money to one of President Sarkozy's supporters). But instead she got a job as the head of the IMF because the international banking mafia protects anyone who's "made". Did I mention that Lagarde receives a tax-free annual salary of $468,000, plus perks? Life is good...for her.
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  19. Losing half your life's savings in a stock market crash while rich guys get bailed out and all their losses covered by the taxpayers is kind of a negative surprise, yeah.
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  20. The rent is too damned high.
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  21. sniffs I love the smell of rich people's panic sweat. Don't worry about these guys: anyone who lost money as a result of the bank's failure will get covered in a special deal with the federal government. Rich people literally cannot fail.
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  22. Powell had to make a choice: protect asset values or fight inflation. He can't do both. He's decided to protect asset values. Which means 6% inflation is with us for the time being, and double-digit inflation within a year or so. Nothing is more ruinous for a society than inflation, which is why 2% was always the target. Senator Warren was right about Powell: he had two jobs, overseeing the banking system and monetary policy, and he's failed spectacularly at both.
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  23. Josh Brown just said the quiet part out loud: "we need for ordinary people to lose their jobs and their incomes for my rich friends and me to keep our money." How about someone fire you, Mr. Brown, see how you like it?
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  24. Credit card debt is up 18.5% in the past twelve months. These idiots: EVERYTHING'S FINE.
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  25. So: invest in evil? That figures.
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  26. You called it. The use of jargon, euphemisms, and not accurately describing a housing market where 20%-25% of all houses are being purchased by investors rather than owner-occupants is absolutely a very misleading form of propaganda.
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  27. Yeah, I want to be operated on by a surgeon who's never done it with a living patient before, just a computer simulation. What could go wrong!
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  28. If the Chinese want the Malacca Strait blockaded so we cut off 85% of their oil imports (only 1.7 miles wide and can be blockaded by two cruiser-destroyer groups), plus all of their flagships sunk, fine, let's do this thing and prove once and for all who's the biggest and baddest dog in the junkyard. Chinese military hasn't fought a war since 1979, when they thought they'd roll over Vietnam. The Vietnamese kicked their butts.
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  29. All the reporters and analysts cheering for higher unemployment might change their tune if they get put on the unemployment line.
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  30. Almost 100% of the increase in housing prices over the last 15 years has been caused not by shortages but by near-zero interest rates. Stiglitz has won the Nobel Prize twice but is disconnected from reality if he thinks inflation is the official rate. It's in double digits and many people who were struggling before inflation are now drowning.
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  31. Don't you just love how all these corporate, bank, and industry shills talk as if they can shape reality? Our economy is falling down around us, all of us can see it, but they pretend it's not happening. You gotta laugh.
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  32. I think a 40% increase in the money supply in 22 months should merit some discussion, yes, but you never hear it in these "analyses".
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  33. Lighten up, Francis.
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  34. The wild card, of course, is inflation. If it continues to be high, the Fed is going to have to raise interest rates a lot higher. Right now, they're not high enough combat this level of inflation. If you factor in housing, the inflation rate is about 12.5%, not 8.6%. The next inflation update is scheduled for release on July 13 at 8:30 a.m. and I predict it'll show that inflation is either steady at 8.6% or even a bit higher--and 8.6% is a ruinous number over the long-term. The problem with our current inflation is that monetary policy won't have the effect on it that it once did, since a lot of it is driven by chronic supply side problems (shortage of commodities and labor). The CBO, which has a very good track record in these matters, has projected that inflation will remain high into 2023. To paraphrase a Seinfeld episode: "That's not gonna be good for stocks. That's not gonna be good for anybody."
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  35. 2008 proves that neither MSNBC nor Cramer have any shame.
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  36. "Remember, Jerry, it's not a lie if YOU believe it."--George Costanza and almost everybody on WallStreet these days
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  37. No, the opposite, you'll be paying $10/gallon because we'll lose economy of scale.
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  38. I see two jobs that could be eliminated just in this video.
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  39. Portman doesn't seem to be too worried about his own people in East Palestine, but Ukraine? He's losing sleep over Ukraine.
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  40. How to have $1 million in your trading account Step 1: Give Jim Cramer $10 million to invest Step 2: Wait 6 weeks
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  41. If these guys had been on the Titanic, they would've calmly discussed the ship's "course correction".
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  42. The average American is bad with money and worse at math. If you remember that, it all makes sense.
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  43. She meant "gagging." She was having a Willie Brown flashback.
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  44. Ever try to get a junkie to give up crack or heroin? Powell is dealing with free money addicts.
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  45. Jim Cramer has his job not because he knows anything about business, stocks, or the economy, but because he's entertaining. He's a clown who distracts the circus audience from the fact that the tigers are mauling their trainer and the elephants are trampling the acrobats.
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  46. The wild card, of course, is inflation. If it continues to be high, the Fed is going to have to raise interest rates a lot higher. Right now, they're not high enough combat this level of inflation. If you factor in housing, the inflation rate is about 12.5%, not 8.6%. The next inflation update is scheduled for release on July 13 at 8:30 a.m. and I predict it'll show that inflation is either steady at 8.6% or even a bit higher--and 8.6% is a ruinous number over the long-term. The problem with our current inflation is that monetary policy won't have the effect on it that it once did, since a lot of it is driven by chronic supply side problems (shortage of commodities and labor). The CBO, which has a very good track record in these matters, has projected that inflation will remain high into 2023. To paraphrase a Seinfeld episode: "That's not gonna be good for stocks. That's not gonna be good for anybody."
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  47. He's a rich guy. Ever seen an economy where rich people don't get richer? They can't lose this game because they wrote the rules.
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  48. I see six jobs that could be eliminated in the economy just in this one video.
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  49. We don't have a shortage of houses. So here's what the government can do: turn next-tier houses into "starter" homes by giving first time home buyers tax grants (you don't have to pay grants back) and give a tax break on the profits to anyone who sells to a first time buyer. We can turn over existing stock that way. Might mean slightly fewer bombs for Ukraine, but let's go crazy and focus on the needs of our own people just this one time, see how it feels.
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  50. When they say "people", they mean the top 10 percent of income. The other 90% of us don't matter to them except as occasional obstacles to go around.
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