Comments by "Phillip Ellis" (@phil20_20) on "BNN Bloomberg" channel.

  1. The question will be, how well India modernizes its society. So far, they have some really atrocious policies.
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  2. The worst thing that can happen is they lower rates before inflation is under control. That happened in the 1970s and caused a disaster.
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  3. The banks have pretty well shot our chances of avoiding a recession now. 🎉 yippy!
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  4. Somebody hang up that phone. All I hear is that dial tone.
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  5. Republican MMT - Bonds have been much higher in the past, not that it's a good thing, but we survived it.
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  6. The future ain't here yet, Man.
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  7. The Fed says over and over that it is not lowering rates this year, and that it expects to raise a little more by year's end. Next year, it's pretty obvious that they're not going to suddenly lower rates. It's probably going stay flat for a long time.
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  8. He can sell more weapons to the Arabs. That went well last time.
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  9. Yep, definitely far enough to where they can wait and see for awhile. No, that would be a very bad idea to cut rates before inflation is back down where they want it. They should have started raising rates much sooner than they did. That's why we have this problem now, because they have to go faster than is healthy for the banking system.
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  10. If anything, 2.5 would be a more stable target than 2.0 percent. 3.0 or above would be an absurd burden on working class people, just like it has always proven to be. A new century doesn't mean reality will change just because a few egg heads want it to.
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  11. 😢 As opposed to the longer inflation goes on. 2.5% is probably more sustainable, unless you're willing to accept 1.8% 😅
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