Comments by "Ray Bod" (@raybod1775) on "Bloomberg Television" channel.

  1. So true. People get crumbs in either way.
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  2. It's not all fear mongering. It's too late to contain the Coronavirus. No one has immunity. There's a 2.5% death rate with healthcare. The death rate will be much higher in rural areas where we all get our food from. All that can be done is to slow the spread so hospitals don't get overwhelmed.
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  3. Treasury only lacks revenue because wealthy and corporations don’t pay taxes like the working middle class.
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  4. Excess borrowing by big corporations proves interest rates are too low.
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  5. The Federal Reserve will 'buy' Treasury bonds to infinity to keep rates low. That also forces down the value of the dollar
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  6.  @salperalta916  100 years ago $20 bought an ounce of gold. When I first started working minimum wage was $1.60 an hour. That should tell you there's always inflation. Prices seem to be doubling about every 30 years. Inflation is probably faster now with government spending going up by trillions of dollars every year.
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  7. S O True about the Caliphate.
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  8. They could propose taking away all tax deductions from anyone except owner occupied homes and builders, but that would be easy and make sense.
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  9. Europe and the United States opened up trade to China with over a billion impoverished and desperate people, what did they expect would happen? Of course the West would become poorer and China would become wealthier because of their massive cheap labor. The thing the West didn't count on was China would immediately embrace mercantilism and education as it had in its historical past and throw communism out the window. It all happened in my lifetime and I'm amazed at China's success and change to a modern society as I am amazed at my own country, the United States, willingness to let 90% of its population suffer so the wealthiest, especially the 1%, walk away with all the wealth created by trade with China. Please don't blame the Chinese for working so hard and being patriotic.
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  10.  @method341  Japan has a positive balance of trade and the U.S. does not. Japan’s national debt is completely internal, unlike the U.S. debt.
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  11. J.F O.V We impoverish more people!
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  12. J.F O.V It should be an obvious fact, as Eisenhower pointed out before leaving office, that spending money on armaments takes away from spending on other economic necessities. The more wars and Pentagon spending, the poorer people in the U.S. become, except for the Pentagon contractors.
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  13. Why isn't the IRS investigating this guy?
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  14. All the players are the same, why would anything change?
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  15. Top 20% doing okay in U.S.
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  16. Tina Beshers Lots of people in the country are hurt by Trump's tariffs on China, like every poor person buying at the dollar stores. Chicago's Chinese parts for its new rail cars are going up 25%, millions of dollars of more costs. How about cutting all those people checks, just like farmers.
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  17. Tariffs don't hurt the U.S. economy, it's Chinese abuse of the trading system. U.S. companies can't operate in China without turning over their technology and business secrets. What kind of trading partner is that?
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  18. Countries and states who believe in free markets will not cut oil production, and us consumers thank them. And bankruptcy is part of capitalism.
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  19. Fed says that’s a 5% increase because it only allows single digit inflation, 20% is dropped off.
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  20. Biden sickens me about 70% to 80% as much as Trump, but he still has 3 more years and his greatest achievements will soon be behind him.
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  21. The real problem is people's feelings of entitlement. That about covers everyone.
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  22. Watching on my iPad, will replace old iPhone 6 when iPhone 14 comes out.
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  23.  @akashgjoshi  If there were no savers, we no longer have a capitalist economy because all money would be borrowed from the quasi-government agency called the Federal Reserve, like in a fully national socialist or communist economy. In a capitalist economy, money has value and private parties borrow money from others in the private economy. In case you don’t know, there’s a thing called “The Federal Reserve Act” so it’s not a private entity.
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  24. You mean corporate security to enslave Americans.
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  25. Federal Reserve creating $4.5 trillion since last year is really incompetence. More dollars during a time of shortages has driven inflation to historic levels, 13% by pre-1980 inflation calculations. Of course, wealthy people like Biden and Powell benefited tremendously by having their stocks get driven up to historic highs. The rest of us pay through inflation.
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  26. Is that why the top 1% became so much wealthier in the last 4 years?
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  27. Gary Oakham Better to short the market or buy gold at the appropriate time IF things turn down like before.
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  28. Crashes aren't fantasies, they do happen fairly regularly.
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  29. Gary Oakham Good question. I wish I had a bug to listen to and know what the Federal Reserve fears and plans to do. Right now they're pushing as much money as they can to keep investors flush with cash while protecting banks from their bad investments. As long as the price of oil stays low, things shouldn't implode. The problem is the U.S. oil sector is loaded up with a lot of debt that needs to be serviced. This indicates (to me) that oil is priced too low for U.S. oil operations to continue as they have, so oil will start rising significantly by May 2020. That's my best guestimate.
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  30. Cheap money goes into hedge funds, banks, then corporations. They do the dirty work that Fed can’t do directly.
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  31. Losers gravitate to the extreme left and extreme right to get angry at and blame someone other than themselves for being broke.
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  32. 1990notch The leaders of the right hide their agenda, which is to maintain a wealthy elite at the financial expense of every other American. They've done an excellent job for themselves by moving our manufacturing base to China, paying low or zero taxes and getting the Federal Reserve and Treasury to bail them out when they screwed up like now.
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  33. Jay Pay China absorbed the inflation from the money printing binge of 2008. There's nobody going to that for us this time. I've noticed an unpleasant rise in prices in the last year that picked up since the beginning of 2020. Once oil hits a bottom and comes back up, inflation will blow up, so says my crystal ball.
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  34. It’s okay to create more money if GDP grows with the money supply or efficiencies in the economy increase. China has done both.
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  35.  China Lies  The U.S. has paid for itself during the last 50 years through debt and losing its wealth. I’m old. In the 1960’s the U.S. made up around 50% of the world GDP and was the largest creditor nation in the world. Politicians and the wealthy sold out our manufacturing to China. We are down to around 20% to 25% of world GDP and are the now the biggest debtor nation in the world. We still produce a lot of oil, natural gas, lumber, food, technology, financial products and military weapons. Half the country is in poverty or living pay check to paycheck. Inflation is taking over as the purchasing power of the dollar is dropping, I remember this is how inflation got out of control in the 1970’s. Sad, sad, sad.
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  36.  China Lies  Greed, greed, greed... 90% of the wealthiest Americans feel they are above normal people. I say that based on my own personal experience based on working for them when I was young. Trade is fine except most of the benefits of trade in the U.S. go to the corporations and wealthy. There is an anti-union culture among a lot of people running businesses and people who think they can make it on their own so unions are blocking their way. Maybe it’s from the myth perpetrated by Hollywood of the guy making it on his own without help. That myth hurt me financially when I was young. There is also a cult of Christianity which tells people that they are downtrodden, it’s their own fault, but giving 10% of their income to the church makes them closer to Jesus. Which also explains declining belief in Christianity. Now, a majority of Americans know the system is rigged against them. The reality is there is a two faced, one party system of serving the needs of banks, corporations and the military industrial complex in control of the U.S. with politicians getting ‘political donations’ and jobs for friends and relatives. I’m 63 years old and worked my way up from poverty to financial security so I’ve seen what’s going on and where the U.S. is heading. My first job was at McDonald’s at $1.60 an hour and there were 10 cent stores. Today minimum wage is around $13 an hour and cheap stores are dollar stores. I see prices doubling in the next 10 years because of the decline of the dollar and our lack of productivity due to a lack of skills, education and drug use. I should also mention there are lots of costly lawsuits and theft by employees draining the economy.
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  37.  China Lies  Also, not all colleges are super expensive. In-state tuition is much cheaper, the best students and athletes get scholarships to pay for almost everything. Medicine is so expensive because many people like illegal aliens or other poor don’t pay and people like me who have insurance and pay their bills pay for those who don’t.
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  38. "All is as it was before, many such journeys are possible." A few of us keep aware of what happened before and realize it's happening again like before the Great Depression with the mixing of banks and investment firms.
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  39. V8 Man It's the Republican Party that embraces communists, starting with Nixon and Communist China.
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  40. Sociopath
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  41. Visit China or watch YouTube videos. Their physical economy is way bigger than the US economy. We float paper in this country.
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  42. The Federal Reserve has been creating too many dollars for years. Powell was renominated so nothing will change. Expect more dollars being creating, more inflation, more of the same. The only way to get inflation under control is to raise rates above inflation. That will not happen.
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  43. No he's not. Half our economy depends on China.
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  44. Screwed
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  45. The potential impact of out of control climate change is an end of world scenario where all costal cities are flooded out, uncontrolled immigration and disruptions in food production causing mass starvation. Financial crisis can be fixed with creating money out of nothing and distributing the money all over the place.
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  46. X GNU Bio No, CO2 and methane are overwhelming natural cycles. The world would be heading towards an ice age if people hadn't interfered, an ice age would be worse at this point.
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  47. Lumber 8’ 2x4’s went from $3.48 to $5.48 in the last month, went to store today to see for myself.
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  48. Nvidia will continue to benefit with AI competition because companies will need faster processing to compete, both create and provide services for new models. It’s a very large world that doesn’t want to be left behind.
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  49. Cathie is a complete space cadet that lives in an alternate fantasy version of reality. Federal Reserve is creating too many dollars that the economy can’t efficiently use, too many cheap dollars keep zombie corporations afloat, too much government and too little support for innovative new small businesses. Inflation is massive and here to stay.
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  50. Chinese steel is often substandard and unlikely to pass inspections.
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