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

  1. Low interest rates are causing high inflation and pricing people out of homes and cars. Inflation is punishing the middle class and poor with higher food and gasoline prices. Everything is going up in price. Supporting stock prices is not part of the Federal Reserve mandate.
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  2. Right now, looks like the Federal Reserve and Federal government will likely create money equal to about 20% of pre-crash GDP, that's a lot of money. Deflation will not be the problem, inflation will be the problem starting later this year.
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  3. So far, all talk and zero tightening by the Fed. As a matter of fact, the Fed was still doing quantitative easing last week. Inflation is out of control and will continue to be out of control. There is no end in sight to labor shortages, chip shortages, home prices rising, auto prices rising, food prices rising and every business planning to figure out how much more they should charge so they need so they don’t lose money.
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  4.  @philiphoyle  That's the way the entire government financial system is set up. Money is created and flows from the Federal Reserve directly into hedge funds and banks that funnel it directly into their investment firms. The rest of us get the leftovers. If everyone understood this, they'd demand money go directly to citizens on an even basis and let these hedge funds, banks and investment businesses earn their money.
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  5. 8’ 2x4 lumber was $3.48 last month and today it’s $5.48. Is that price stability? Does that make for economic stability?
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  6. It wasn't the business of the Federal government to save private investment banks. They should have let Goldman Sacks also go under. All it did was save billionaires and other super rich at the expense of the middle class and poor. The banking and financial systems would have been recreated without the dead weight of speculators who gamble the economy for their own benefit.
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  7. $2 trillion should be given to the adult citizens of the U.S., that's about $50,000 each.
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  8. Best natural diamonds do not have visible inclusions. Cheaper natural diamonds have visible inclusions.
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  9. Made whole? Isn't that what bankruptcies are for? What about all the trillions corporations spent on buying their own stocks the last few years. Let corporations sell stocks at a loss if they need money. Who is going to make whole the American public that will be paying the bills?
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  10. It's the economic disruption caused by the Coronavirus. Travel, cruise industry and tourism in general is being hurt. Supply chains have been disrupted. This is happening at a time when countries, corporations and Americans have tremendous amounts of debt. Also, stocks were at record highs two days ago.
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  11. The U.S. has no business being in the Middle East or Europe. There are plenty of sensible adults who can handle their problems. 9/11 was caused by Saudi Arabian citizens, our allies in the Middle East. Bin Laden was a created by support from the U.S. getting involved in a war in Afghanistan. No one has brought peace to the Middle East for 2000 years.
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  12. Globalization destroyed the financial well being if the middle class.
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  13. Finally, someone tells the truth about a possible Fed rate cut. It's not the cure.
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  14. Close most overseas military bases and the military budget by 80%.
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  15. Donald Kasper That is such a lie. Too few people, those numbers make no sense. They pay virtually nothing in Social Security and Medicare taxes. They pay no more than anyone else in local property, gas and utility taxes. Exactly what subset of taxes are you talking about? Exactly which group of people are you talking about? In what particular state are you talking about?
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  16. Deflation may already be over with the trillions the Federal Reserve and Federal government are creating.
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  17. New Hampshire is a small state that means very little.
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  18. No rate hikes. 2% will not stop double digit inflation.
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  19. Inflation is going up again the last month, including gas prices. Fed is behind again in controlling inflation.
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  20. Either crash the stock market with higher rates or crash the economy with inflation.
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  21. High inflation, higher food prices, higher energy costs, slowing economy… what a show!
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  22. He left out China stealing technology, not following trade rules, extorting product and business know how from Western companies. Hopefully, Trump doesn't fold up like he usually does.
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  23. Powell was the one leading the charge for cheap money that’s led to today’s inflation problem. Keeping him would be a total mistake.
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  24. Did interest rates for credit cards fall? How much of this cheap money is being used by corporations to buy their own stocks?
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  25. Congress spends money, IRS collects the money for Congress to spend. Blame Congress.
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  26. Without the Glass-Steagal Act breaking up banks and investment firms, we will continue to have crashes every 8-12 years. It needs to be passed again.
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  27. Sorry, the value of the dollar effects inflation. The U.S. mostly imports products and competes with the rest if the world for commodities. This is not the 1960's when the U.S. was half the economy in the world.
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  28. If Fed waits until next year to raise rates this year, they will be too late with inflation taking off like in the 1970's.
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  29. Fed only buys billionaire poop.
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  30. All public corporate buy backs need to be illegal or the U.S. will never get out of boom bust cycle it's stuck in.
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  31. That also explains the Federal Reserve's multi-day repo operations. Goldman and other banks are highly exposed to SoftBank and over-valued Silicon Valley collateral. All the Federal Reserve did was piling on, delaying the eventual reckoning of bad loans and make that eventuality worse.
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  32. Ponzi scheme.
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  33. Zombie corporations continue to multiply thanks to the Fed cut
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  34. That's why we had the Glass-Steagall Act and why we need it back. That's also why executives need to be prosecuted and banks must lose their charters if guilty of racketeering or other criminal acts.
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  35. Oh sure, we still have a liquidity crisis, financial crisis, supply chain crisis, economic lockdown crisis, health crisis, unemployment crisis and a rolling crisis of shortages of critical goods. By the way, the pandemic isn't supposed to peak until June.
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  36. Everyone will continue to use Nvidia because everyone will be competing to use the fastest semiconductors. No one knows how enormous of a network of semiconductors Alibaba and other Chinese companies use to train models.
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  37. Farmers have been on welfare for almost a hundred years.
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  38. Most crime is not committed by those of European ancestry nor Asian ancestry.
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  39. The size of government is directly measured by the Federal budget. Republicans expand the size of government as fast as Democrats. Inflation is caused when increased supply of money caused by government deficit spending increases faster than efficiencies in the economy. These efficiencies don't simply depend on the internal U.S. economy, but on international supply chains and the dollar maintaining its value relative to other currencies. The more dollars, the less value, the less efficient the dollar is in trade. Obviously, these guys don't go shopping. Packages shrink and sold for the same price, major appliances have gone up 20% in the last year, building materials are up, meat prices are up, housing prices are up, buying a low priced base model car is as easy as buying a unicorn.
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  40. They're pulling back in the oil sector because more loans may not be sustainable given the current price of oil. It has nothing to do with climate change or anything else.
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  41. The U.S. doesn't have China over a barrel. China has a large domestic market and is quickly expanding trade away from the U.S. Trump has proven the U.S. is not a reliable trading partner. Trump has done irrevocable damage to U.S. international business interests, not just with China, but every trading partner he has imposed his whimsical tariffs on.
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  42. Anyone can run a Ponzi scheme like Trump and his massive deficit pending. Eventually it will collapse.
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  43. Every downturn in the market is met with billions coming in from the Federal Reserve, there is no risk.
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  44. Don't put all your eggs in one basket.
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  45. IF Fed actually stops inflating, crypto will go down, so far Fed hasn’t.
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  46. Lumber going from $2 to $8 happened under Trump.
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  47. AI is making designers and programmers much more efficient. All tech companies have been laying off people and it’s going to continue. X (Twitter) proved a lot of people in tech are not necessary.
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  48. Government needs to change bailout bill to send $5000 to each adult citizen in the U.S. It's the same cost as selected bailouts to irresponsible corporations.
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  49. Republicans love spending other peoples money!
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  50. Future inflation on top of more inflation with increased inflation going forward.
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