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

  1. Exactly. There's several reasons the business news is misleading its viewers: 1. The media is pro-Biden and wants to hide the severity of the problem until after the November midterm elections; 2. The advertisers who pay the bills at the networks want the best possible face put on the economic news; 3. The people "analyzing" the problem all have a bias and are more sales people than neutral analysts (they're trying to get you to buy tickets for the Titanic's second voyage).
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  2. Rich people are panicking because they based their "business plans" on free money and lots of it. Without that, their Ponzi schemes will be exposed.
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  3. I love the smell of rich people's panic sweat in the morning.
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  4. Lies from start to finish.
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  5. The major flaw with our economy is that the big players are all basing their actions around the Fed's predictions. The same Fed that has gotten everything wrong for three years running now. I'll bet someone said "Trust the captain, he knows what he's doing" five minutes before the Titanic plowed into that iceberg.
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  6.  @davidm1411  What does “hoarding properties” even mean? Gee, maybe it means buying up houses above list price and depriving an entire generation of Americans of the chance to own their own home, Einstein. Ya think? There's capitalism and then there's ethical capitalism. Guess which kind Redfin practices.
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  7. Clinton did that. And the Clintons are worth $500 billion today. Those two facts are directly related.
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  8. So Kelman's a criminal--except his crimes are legal because the laws are made by people elected using his money--and gets interviewed on tv like a respectable citizen. That's why our society is doomed. Sociopathy has been normalized.
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  9. Pinterest just paid $100 million to get out of leases so it can consolidate its office spaces.
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  10.  @aheroictaxidriver3180  Hey look, everybody, it's another Ayn Rand cultist who suddenly discovered the beauty of socialism. The way Rand did when she collected Social Security.
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  11. Last hike should've been 50 bps, next one should be 75 bps. The Fed is being timid because it's beholden to Wall Street, which doesn't want ANY rate hikes. Rich people are fine with inflation because inflation boosts the price of assets, and rich people own most of the assets.
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  12. That's the thing about free money: it's like eating potato chips. Hard to stop once you start.
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  13. Using technical jargon obscures the real world horror show that increase will unleash, plus it makes the speakers appear smarter than they are, which isn't very.
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  14. Naw, why not have the economic damage of high rates AND a return of inflation? Worst of both worlds! Heckuva job, J. Powell, heckuva job.
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  15. Don't get my hopes up.
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  16. There's two Americas. In one America, called Richistan, Ukraine and Central American illegal immigrants (who provide cheap labor for the rich) ARE the top priorities. Then there's the real America where the rest of us live, and we are SOL.
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  17. Indexed stock fund. You're not going to beat the market unless you're related to Nancy Pelosi.
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  18. The CBO, which has a very good record in these matters, has projected inflation to be high into 2023. Mortgage interest rates are 6.6% right now and inflation is 8.6%. Interest rates have to be two points above inflation in order to bring inflation down, which means rates need to go MUCH higher. You couldn't be more wrong. You could try, but you would not be successful.
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  19. The business channels are chronicling the persistent refusal of Wall Street to come to grips with reality. Maybe these people need therapists and medication, because Jerome Powell doesn't seem to be getting through to them. Free money party is over, folks. Done. Adapt or die.
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  20. Inflation doesn't really affect the rich and the news channels reflect the POV of the top five or ten percent wealth holders, not the rest of us slobs. We're just pawns.
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  21. So the show invited Lipsky on to talk about one thing--a recession--and he refused to discuss it.
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  22. It's a Seinfeld episode and Cramer is George Costanza. Jerry Seinfeld : If every instinct you have is wrong, then the opposite would have to be right. George Costanza : Yes, I will do the opposite!
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  23. I told a 22 year old crypto investor six months ago what Charlie Munger said and the young man just laughed and said "That old dude doesn't understand how crypto works." No, YOU don't understand how it works. Charlie Munger does. And that's why he never put a penny in it.
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  24. “It's difficult to get a man to understand something when his salary depends on not understanding it."--Upton Sinclair
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  25. Go back and look at what Cramer said during the market crash of March 2020. He got everything 100% wrong. This guy don't know nothin'.
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  26. But I thought nobody sees the wizard no how.
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  27. I listen to Mark Zandi because he seems to be a straight shooter rather than the usual Wall Street used car salesman.
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  28. It's "throes", not "throws". Why are so many semi-illiterates working in the news business?
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  29. The greatest fun of any stock market or housing crash is watching Cramer melt down like a little girl who's dropped her ice cream cone. I've waited since 2008 for a repeat performance, and here we are.
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  30. Mortgage rates need to be 2% above the inflation rate to dampen the inflation rate. Rates now are 5.75%, inflation is 9.1% Do the math: 9.1+2 = 11.1% I've been saying for the past six months that interest rates would have to be double digits, and the longer the Fed delays, the worse the damage is going to be. Biden should never have reappointed Powell as Federal Reserve chair, but we're stuck with him now.
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  31. Blackmail?
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  32. Rich people are bad with money. They keep proving that, but they don't need to worry because their hand puppets in Congress always, always, always bail them out.
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  33.  @SinistarFirefox  So the average viewer should have to Google just to decode what Sonders is saying so she doesn't have to learn to speak in plain English? I'm an expert in my own field. My rule: if you can't explain something in plain language, you don't really understand it yourself. Have a nice day.
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  34. El-Erian is an errand boy sent by grocery clerks to deliver a message: Wall Street likes inflation because it boosts asset prices and doesn't want the Fed to fight inflation. Inflation is the most destabilizing economic force in any society, worse than a recession or depression. Just ask the Weimar Republic. FYI we aren't in the "last mile" of fighting inflation--the Fed's taking credit for supply chain blockages sorting themselves out. Its policies have done nothing.
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  35. "I know what you're thinkin'...did he shoot down six balloons, or only five? In the middle of all this excitement, I clean forgot it myself. Just ask yourself one question: do I feel lucky? Well, do ya...punk?"
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  36. Rapid blinking is a sign of being untruthful and stressed.
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  37. Owners of single family homes have lost $1.5 trillion in equity since March 2022. And we're just getting started, folks.
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  38. DR. MCCOY, EXAMINING THE AMERICAN ECONOMY: He's dead, Jim.
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  39. Must be nice to be so rich that you can deny reality for over a year without anyone calling you stupid or crazy. "Wall Street rich guys have accepted that gravity makes things fall after a year of resisting the idea". And this is who runs our economy.
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  40. Realtors and Wall Street bankers and stockbrokers are some of the most shameless people on the planet. Or are they just delusional? An asteroid could be hurtling towards Earth and the day before impact, these people would be telling you THE MARKET HAS NEVER LOOKED BETTER.
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