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

  1. They're not passing the bill because it's a big cash giveaway to the big corporations and executives who created this crisis by borrowing money to buy their own stock and pay themselves bonuses instead of investing in their own corporations. They can issue bonds and stocks. If that doesn't work, they go bankrupt. If they're too big to fail like GM was in 2008, they get recreated as a new business entity. It's the middle class that pays for all this in the end.
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  2. Saying "cash is trash" is debasing the entire capitalist economic system... and this is supposed to be a leading capitalist.
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  3. Let the Federal Reserve keep expanding its balance sheet to infinity!
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  4. AI is best at fun and prototyping because it’s still error prone. AI will soon be useful and essential, and replacing a lot of repetitive office jobs.
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  5. No, cities just raise taxes on everyone.
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  6. Most people in U.S. prefer Airbus.
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  7. KingJustice98 $25 is the most efficient frackers, most in the U.S. produces at a higher cost. Most of them are not hooked up to a pipeline so add the cost of truck and rail transport. Exploration will grind to a halt if prices drop to $30.
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  8. NotMyName Yes, the U.S. has as much recoverable oil as it's produced in the last hundred years. Price is the only thing holding back production.
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  9. Inflation is falling, gasoline went up 20% in the two months since it bottom.
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  10. It's called stability. If currency isn't worth holding onto, it's value will quickly deteriorate. Enjoy your economic life of ever increasing inflation, and going through booms and busts.
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  11. Tony L Would you keep the dollar as a reserve currency, if it started losing value in double digits because of so much money creation?
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  12. Multiply Chinese figures by 70 times and you may have the real numbers.
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  13. All we’ve heard for months about how inflation will slow down, instead it’s increasing.
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  14. 16% real inflation fought with .25% rate increase, only 64 more rate increases to cool inflation. Federal Reserve supports stocks, lets everything and everyone else burn in the fires of inflation.
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  15. Zuckerberg is lying. All information can be tagged so Facebook knows where which service provides the news and who on Facebook shares it.
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  16. Most people in the U.S. benefit from lower oil costs. It's big oil states (Republican) like Texas, Oklahoma, Alaska, North Dakota, etc. that lose.
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  17. Failure is essential to free market capitalism. If a corporation is too big to fail, it’s too big to exist and needs to be broken up.
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  18. The wealthy elites couldn't sell out America fast enough to make themselves richer.
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  19. Biden administration is great at pointing fingers and not taking responsibility
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  20. The U.S. needs to try to open up the economy. We can't wait a year or more until the first wave of this pandemic runs its course. If hospitals start getting overwhelmed, close things down again until hospitals can handle cases again. The longer the economy doesn't run right, the longer it will take to get it moving again.
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  21. Steven Hughes The entire system is to funnel tax dollars to the wealthy, minimize their taxes and dump the costs on the bottom 90%.
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  22. Trump administration gave money to large corporations, not small businesses.
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  23. Trump will call out Harris on her socialist economic policies and hypocrisy.
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  24. Yes, stopping corporate welfare.
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  25. Tesla is a tiny auto company that will be squashed by the big auto companies as soon as they see a market. Teslas are too expensive and too inconvenient to maintain outside of warranty. How many people will want a car that will be essentially worthless in ten years?
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  26. Vsevolod Sergienko Supply chain disruptions are about to hit food. Wonder what will be left of the economy when the epidemic peaks in June. I never imagined a downturn so hard and fast in the entire world driven by a pandemic and popping of a stock bubble, among many other problems.
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  27. Covid is likely from a bat brought to the lab. Beyond that, nobody knows.
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  28. Amazon does nothing previous companies hadn't done, they're just more efficient at what they do. I used to work at Sears headquarters in the 70's, Amazon is no more ruthless to its suppliers and competitors than Sears was. Sears fell because management became bureaucratic, stodgy, greedy and old thinking.
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  29. @ResistanceofNWO I won't blame Trump, there have been several (figurative) zombie apocalypses in my lifetime and many before in many places. It's a messed up world filled with messed up people.
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  30. ugggggh000333 Thieves won't get away with it because Amazon tracks as deliveries are made by the photograph that's uploaded as packages are delivered.
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  31. Another trillion dollars from the Federal debt will boost the market.
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  32. Joshua Allen You are absolutely right. Keeping interest rates too low all these years allowed corporations to buy their own stock and devalued the worth of the dollar, along with Trump and the Republicans running huge budget deficits. This reckless irresponsibility caused the debt crisis we are now in. All this money printing and deficit spending at a time when there's falling demand and supply chain disruptions is plain stupidity. Timing is everything and the leadership is mis-timing everything. Too much too soon. The Republicans fight for the rich corporations to get money and the Democrats fight for the average person. Good luck in your future and always keep an open mind to learning.
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  33. President NotSure if Trump and the Republicans are voted out and the Democrats develop a backbone, then the middle class and poor have a chance.
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  34. Brian Tweed The United States can't afford to run the world any longer. We need to get out of NATO, the EU has an economy bigger than ours. The Asian economies outside of China have enough wealth to unite and protect themselves. The Middle East has always been a mess, we can't make it better. The cost of the eternal war in Afghanistan is bleeding our wealth. We should never have opened up trade with China, we should never have allowed our industry to be sold on the cheap overseas. But the boat has sailed and we need China as its now integrated in our economy. We just have to deal with it as well as we can.
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  35. Brian Tweed I've read and viewed all that you mentioned. What shifted my thinking was all the positive contributions Chinese companies have made, including many well made products and thousands of patents. China will build its military, but there's no reason for military conflict, especially with the U.S. because of mutual assured destruction.
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  36. David Russell Nothing ever changes. The elites used to be the Royal families (like in the Middle East), but they are all the same; loyalty to your wealthy class and kind. 90% of elites have zero patriotism and no care for the bottom 90%. That how industry got sold on the cheap to China, people in the U.S. got their pensions stolen and how most workers in the U.S. have to compete against the poorest workers in the world. It was all done for the purpose of enriching the wealthiest and keeping everyone else downtrodden.
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  37. Women have a right to life, what a concept!
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  38. Agree, the only way the U.S. can keep the economy going before the next election is by printing money. Of course, that was tried with Bush, but the economy crashed anyways.
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  39. Kylie is amazing to connect to so many young women.
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  40. Over 100% gas inflation year over year, but Fed says it's 2% inflation.
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  41. Nonsense, Republicans could have passed the House bill, they didn't.
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  42. Wouldn't it make sense to eliminate having more than one derivative per stock.
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  43. Go to China cities and you will see how the country is immensely larger and more modern than the U.S.
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  44. No growth until there is a wealth tax, higher corporate taxes and a major tax cut for the middle class.
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  45. No more Federal Reserve Notes. Federal Reserve needs to be ended because its abused its powers to save businesses which should go bankrupt. Bankruptcy is a part of the Capitalist system. Currency needs to go back to being Treasury Notes. The Federal Reserve helped make this crisis worse by keeping interest rates too low for too long simply to prop up stock prices. We need another Glass-Steagal Act to force banks to be more honest. Their inflation figures are lies with their 'replacement' items saying one product is equivalent to another. The people paying for all this money printing and propping up the financial sector is the average taxpayer.
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  46. Sky King The second year was when the Spanish Flu went out of control.
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  47. Biden needs to work with Republicans for boarder control so aid gets passed.
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  48. There's nothing backing bitcoin except the illusion of scarcity.
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  49. Real inflation is around 5% to 6% and rising. Gasoline prices have come up over 10% since bottoming out 6 weeks ago, in case you haven’t noticed.
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  50. Lonnie Dobbins III It didn't start with the Republican Clinton wearing Democrat clothes. Nixon opened up trade the U.S. and all the Presidents since then, except Trump, increased trade with China. Of course, it's Congress that passes the laws that destroyed the middle class. I hate Trump, but I'll give him credit for one thing.
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