Comments by "Jeffrey Marshall" (@jeffreymarshall4572) on "CNBC Television" channel.

  1. I had turn this idiot off the minute he said minimum wages should be higher. Someone who rose to a position this high at Amazon should at least have a basic understanding of economics.
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  2. The Fed created this mess with negative real interest rates. High inflation was the natural result. Now these artificial bubbles are going to be very painful to pop and unwind.
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  3. Fed credibility? Please. Mohammed, the Fed LIED about inflation because they very knew their policies CREATED it. Trillions in money printing supporting trillions in deficit spending. But you know all this.
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  4. …to ZERO! I’m with Buffet and Munger on crypto. No way it survives long term.
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  5. It’s much, much worse than 2008. And when the bubbles pop, the Fed won’t be in a position to save it.
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  6.  @alexanderharo4550  No, conditions are way worse today than they were in 2007.
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  7.  @llewodcm20  What is government? They are corrupt humans whose “solutions” are 10x worse than the problem they are claiming to fix. Covid was cover to fleece the taxpayers to bail out public pensions, schools, state and local governments and countless other things unrelated to the pandemic. And yes, the humans at the Fed artificially propped up housing via trillions in QE and record low interest rates.
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  8. The Fed owns $9 trillion of the same underwater assets that took down SVB.
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  9. So dumb. Gas and oil are some of the most competitive things we buy. You know what’s not competitive and gouges taxpayers? Unions and government! Biden’s core constituency.
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  10. When real rates are still hugely negative, Fed policy is accommodative and stimulative to high inflation. Then again, Volcker style Fed rates would bring their own set of problems. This is all setting up to be a debt crisis of biblical proportions. We’re screwed.
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  11. Unlike anyone in a Biden administration, Musk is an African American who got his job and success due to being qualified for it.
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  12. El-Erian is no dummy but he’s wrong. Unless he means no recession because it’s gonna be a depression. We are living in the biggest Ponzi scheme in US history.
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  13. There is no fundamental reason why homes should be higher in price today than pre-Covid. Millions more without jobs, thousands of businesses gone forever, trillions more debt, etc. This is purely a monetary and fiscal policy created bubble.
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  14.  @neuropuritan_zealot8455  I’m just saying under normal circumstances, banks and other lending institutions wouldn’t lend knowing they will be getting less money back than they lent (in real terms). That’s how badly the Fed has distorted free markets.
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  15.  John Baptist  Usually underwriting wants to look at tour liquid assets before they approve you
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  16. I wouldn’t touch banks until the Fed restores reserve ratios.
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  17. I’m 55. Let’s just keep the Ponzi scheme going another 25 years.
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  18.  @JC-qz8ox  You are the one who is misinformed and clueless. The Fed has only just begun tightening and unloading its massive balance sheet. Job losses are going to accelerate over the next few months. Higher interest rates are going to expose and bankrupt tens thousands of zombie companies. Without the Fed buying up mortgages, banks will be stuck with them which will cause stricter underwriting. And due to high inflation, once it crashes the Fed and government spending won’t be bailing the housing market out this time. Home prices will be down 50% in 3 years.
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  19.  @joakimdam9723  Not really. The housing market never fully corrected in the GFC. Interest rates were immediately forced to 0% and the Fed starting buying up mortgages by the trillions. These actions artificially stimulated the housing market and continued until just a couple months ago. Now, with the Fed fighting near record high inflation, they won’t be there to create a housing floor in prices - so the housing crash will get even uglier. The Fed is even calling for a housing price reset.
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  20.  @johnmininger7472  Rising rates and inflation eating up household budgets will cause millions of job losses. And those job losses will cause inventory to surge.
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  21.  @ronaldlindeman6136  The jobs are not even back to where Trump had them before we purposely shut down the economy. Going back to work after shutdowns is NOT job creation it’s just people going back to work. And guess what Fed normalization is going to do to jobs?
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  22.  @SuperCowboys16  Trump’s policies unleashed one of the greatest economies ever. It took the Biden Administration less than a year to put us into recession with near record high inflation.
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  23. That’s because more than 54% of degrees are useless. They need to make all those goofy study areas cash only. No more loans for gender studies.
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  24. He’s such a liar. If they are raiding the FDIC to make whole more than the $250k they are budgeted for, then that fund will need to be replenished via higher fees. Who does Biden think pays these fees?
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  25. Using the FDIC as a shell company to bail out bad actors is no different than 2008. It’s just the type of plan Enron would have unleashed. The taxpayers are ultimately responsible for the fiscal health of the FDIC so it’s no different than a direct bailout. Just a sleazier version of it.
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  26. I didn’t realize until these banks started failing that the Fed snuck in a change to the reserve ratio to 0% when Covid hit. Which they have yet to restore to 10% or higher. This is why it doesn’t take much of a bank run for these smaller banks to fail.
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  27.  @jeremyramey3221  The independents will blame the party in power.
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  28.  @johnnaylor1706  Most of that $7.8 trillion was bi-partisan Covid spending that the Democrats wanted to spend even more on.
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  29.  @incurab1e  Inflation will eventually force the masses to start making tough choices
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  30.  @incurab1e  I do think a new iPhone has lost its “wow” effect. 10 years ago, People used to notice the latest iPhone and features now no one cares since they are basically the same.
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  31.  @HappyLilJimmy  People only throw money down a rat hole for so long. The best apple can do now is come out with funky new colors that people just cover up with a case.
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  32. Maybe corrupt career government slugs like Yellen are doing fine, but most of rest of Americans are struggling.
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  33. Such a stupid statement. Everything normalizes over enough time.
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  34. Notwithstanding all the talk, all the Fed has done to date is turned down the speed on the money printer from 10 to 9. If the printer really does stop and rates rise, watch out below.
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  35. Stock prices love certainly. Plus, a 75 bps shows more Fed resolve to curb inflation.
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  36. Tesla does a brilliant job of creating the illusion of scarcity. However, I would like to see a poll of the % of people who EVER see themselves buying an EV. It’s just a niche vehicle for the virtue signaling snobs. Why you think they have to bribe people and invoke the DPA to help force this garbage on people?
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  37.  @chrisw9534  No thanks. After waiting an hour to charge the thing I would drive it over a cliff. I just bought a 2022 fully loaded Honda Civic for lees half the cost of a Tesla 3. I’m good for 20 years. ICE will be with us for decades upon decades.
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  38.  @blackguytraveller7797  They are/were only making money because the Fed and deficit spending dumped trillions upon trillions in helicopter money everywhere. Now we’re paying the price.
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  39.  @blackguytraveller7797  Of course some companies did better and shored up their balance sheets. There are always a few winners in an overall losing environment. 3 out of 4 are worse off, especially growth and tech and the ones who have yet to turn a profit.
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  40.  @justincadle7070  Agreed. The problem with Fed intervention is risk was vastly understated. Now these companies will be forced to raise money through actual markets that will evaluate and expect to be compensated for level of risk.
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  41.  @icecoldchilipreppers  Sure. Increased money supply without increased productivity will increase stocks nominally in the short term. But sooner or later, inflation expectations will crush the value of future expected earnings. The invisible hand will price accordingly.
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  42. Real rates aren’t even a positive number yet. The Fed needs to keep raising.
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  43. The Fed is lying about QT. They are way behind schedule and have actually added billions in mortgages. There aren’t buyers for these toxic losing assets.
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  44. The country SHOULD blame Biden and Democrats for being primarily responsible for inflation. It’s mainly due to their reckless spending and stimulus packages combined with their hostile policies regarding domestic fossil fuels.
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  45. I knew it! The Fed would not be able to unload its $9 trillion balance sheet without huge negative consequences. QE was a massive mistake.
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  46. More lies. Inflation is a lagging indicator, around 18 months delayed, and the Fed is still printing. The only way inflation slows by the end of the year is if we’re in a deep recession with tons of job losses.
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  47. There would be no supply side problems without shutdowns, 0% rates, flooding of money printing, and trillions in stimulus. That all needs to be reversed.
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  48. The Fed has lost all credibility since Paul Volcker. They’ve been in the business of keeping a massive scheme alive ever since.
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  49. Higher royalty means higher gas prices. These people are idiots. FJB
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  50. This is awesome news for free speech and to limit the nefarious agenda of the woke mob!
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