Comments by "Ray Bod" (@raybod1775) on "Minority Mindset" channel.

  1. U.S. has been losing economic dominance since countries rebuilt themselves after World War II. We’ve dropped from 50% Global GDP to 13% today, dramatic drop in 80 years.
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  2. Silly me, it was my imagination that food, utilities, construction material, labor and taxes were all going up.
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  3. If corporations are people, why aren’t they taxes exactly the same as people?
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  4. Really? We had some of the highest inflation in history the last 4 years.
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  5. BRIC currency will succeed.
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  6. U.S. is capable of producing about 98% of everything it needs for all production. A lot of unemployed people working in lumber industry will be happy.
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  7. Buffet sold off a year ago and missed a 20% rise in stock prices.
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  8. Guess people forget what Trump’s been saying consistently for months.
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  9. Farmers get too many handouts.
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  10. Trump is leveling out the playing field, all other countries have tariffs.
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  11. Fed is limited in what it can do. Official inflation figures are half of real inflation because politicians over promise benefits. Eventually inflation devalues benefits.
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  12. Not before election, expect high inflation, interest rates going up and a recession in 2025.
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  13. AI is changing everything. It’s only just begun.
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  14. That’s what its about, survive until you can find a better job.
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  15. Bye!
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  16. Corporate profits determine stock prices.
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  17. That’s capitalism.
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  18.  @brucetec6597  A level playing field keeps an economy dynamic and produces the most jobs. Fair competition is what creates jobs, not special interest tax cuts.
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  19. Individuals buying products and services make jobs. Corporations shouldn’t get a lower tax rate than individuals.
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  20. President Trump never says he’ll cut spending. Republicans won’t ever propose a balanced budget Amendment. More deficit spending means more inflation.
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  21. Walmart imports close to 100%.
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  22. All other countries have tariffs, they are gaslighting.
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  23. Tariffs, cutting taxes without cutting spending.
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  24. No kidding, it will take time. In the end, U.S. will be much better off like before moving industry out of U.S.
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  25. U.S. Navy and rest of military needs to protect U.S. and not the world. Let Asia protect Asia. Let Europe protect Europe. We can’t afford it.
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  26. The ones that do get a job will be making big bucks.
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  27. Same in Chicago area, supply is limited.
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  28. Temporarily higher prices, long term increase in jobs and business in U.S. Wages only make up a few percent of cost of products. If low tariffs worked, prices would not have gone up 30% to 50% in last 4 years.
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  29. I grew up poor and dress that way, women never are interested in me until they find out I’ve got real money… then I lose interest.
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  30. Try to distribute goods, get medical treatment, build a house, etc. without people… not happening.
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  31. Excellent summation of the economy.
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  32. We likely had a lot more, but they called them recessions and panics.
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  33. And wasteful government spending.
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  34. GDP needs to be measured by subtracting government spending and subtracting Federal Reserve asset balance, it isn’t great.
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  35. Don’t forget trillions of dollars wasted on wars like Vietnam, Afghanistan and Iraq.
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  36. I’m retired and paid about 38% of my income on federal taxes and IRMA tax. I’m 100% behind Trump tax changes.
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  37. Read the Constitution, the federal government is limited. It’s up to states and local governments.
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  38. Somebody needs to pay taxes. Better importers pay than people earning an income.
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  39. Overbuilding in sun states like Florida does not represent housing in rest of the rest of the country.
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  40. Interest rates are up, U.S. economy is chugging along, so why would dollar collapse? Commercial real estate looms large, but more people are returning to work so it’s not quite so terrible as it looked before. Central business areas and areas where businesses get robbed will continue to hurt. I don’t see a bad economy in the rest of U.S.
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  41. Temporary pain for long term gain. Federal government was out of control. Other countries wouldn’t budge with their tariffs and trade restrictions.
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  42. Taxes will be paid by somebody. Income should not be taxed.
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  43. Nvidia is the only stock driving up the market.
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  44. Everyone who pays taxes will get taxes cut. Too many people, farmers and corporations get money from everyone else.
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  45. If the U.S. government had a balanced budget, we had old rules separating banks from investment firms, make it illegal for anyone to serve on more than one board of directors and corporations were not allowed buy their own stocks, inflation would not be a problem.
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  46. Look what happened to the middle class in America in the last 30 years thanks to 'free trade' and expansion of corporate power... no pensions, no job security, debt and low pay. Indian people must protest against being sold out to corporate interests.
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  47. Inflation is likely driving profits higher.
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  48. No, but that doesn’t mean they won’t work together to improve their economies.
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  49. We are not a socialist country. It would be good for a lot of soft people to work on a farm or do other labor to know what hard work really is.
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  50. I always worked hard except when sick and continue to do investing in retirement. I just spend whatever and don’t bother to budget.
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  51. He did that a year ago and missed a 20% increase in stock prices.
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  52. Both parties are big deficit spenders. Neither party allows average person tax write offs that corporations get.
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  53. It's more like the Fed changes the way inflation is calculated so it's always less than 2%.
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  54. Most goods are produced almost completely by machines, wages only are a tiny amount of cost of products.
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  55. Dollar is only one or two cents compared to 1950’s. Wars, social equity, federal government deficits and Federal Reserve protecting the wealthy decimates the value of dollar.
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  56.  @AmericanWears  Sums up both parties. They both are huge spending parties. Neither party cuts spending.
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  57. China has a massive real estate problem.
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  58. A million dollars isn’t what it used to be.
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  59. Commercial real estate market will crash bigley before housing.
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  60. I’m single and gave my niece enough to pay for half her degree, a car and half her advanced degree. If she does the right things, I’ll continue to help like helping her buy a house.
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  61. People with wealth know more about the economy and where it’s going than the masses.
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  62. I'd suggest Gregory Mannarino on YouTube.
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  63. No more Russian bots!
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  64. You must be wealthier than I am to know the future so well. I have the opposite opinion.
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  65. Temporary visas could instantly resolve farm labor problems.
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  66.  @navisoul-oi8mo  Dollar is simply a medium of exchange, that’s it.
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  67. Dollar is very strong.
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  68. Print more funny money… hello inflation my old friend, it’s never gonna end.
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  69. Silicon Valley will benefit from Deepseek to improve their large language models. Rumor mill says Meta took a substantial portion of its AI team to analyze Deepseek.
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  70. Actually, the money the Federal Reserve gets in interest profits gets returned to Treasury. Zero sum gain. It’s corporations and real people that will be hurt by higher interest rates.
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  71. All us children of immigrants seem to be the same no matter where our parents are from.
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  72. There’s a good chance economy will continue to drop and take down stocks further. People are running out of money. Treasuries are paying pretty well. Stocks are not a casino where you always win.
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  73. Just told a young person, there is no real retirement. I retired and still working.
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  74. Being treated like everyone else is not racist.
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  75. There’s too much pent up demand for homes and not enough construction, so prices will drop only seasonally.
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  76. Amazon has the best retail website. Walmart still doesn't get it.
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  77. Tariffs are leveling the playing field. All other countries impose them.
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  78. Not quite. AI sifts through knowledge already created and comes up with an answer. Sometimes the answer was never thought of by anyone like in the game GO!
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  79.  @johnrichjr.415  Let's see... Nixon opened the door to China who took most of our manufacturing industry. Reagan cut taxes while increasing military spending and changed the U.S. from the greatest creditor nation in history to the greatest debtor nation in history. Bush Jr. spent a trillion dollars invading Iraq and would up crashing the economy at the end of his administration. Trump took all the economic controls and screwed up the pandemic response, spent trillions in deficit spending and crashed the economy.
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  80. Last few years, yes!
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  81. Fed “quantitative tightening” is done by the Fed selling bonds it holds. Corporations buy back bonds and cash goes back into Federal Reserve, reducing the money supply in economy. Less money (supply) in economy means money is less available (increasing demand for available money) thus the cost to borrow money is higher. In addition, people anticipate more money to be taken out of economy, so immediately demand a higher long term rate to loan out their money. In reality, the interest rise is out of proportion to the amount of money the Fed actual withdrew from economy. Blah, blah, blah… sometimes I bore myself.
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  82. Companies have always existed by creating product and services for the lowest price possible. Move to Venezuela if you want to experience a true socialist economy.
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  83. Trump is limited in what he can do by Congress, hopefully he does bring down deficits and inflation by end of year.
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  84. Brics started because Biden weaponized dollar, worst decision in economic history.
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  85. Look at most products in stores, made in China.
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  86. Wealthiest people pay more taxes the more money they earn. Sure a lot of haters against people who make money.
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  87. Crypto has nothing backing it and it’s gone if you lose your crypto key. Find the best businesses with global sales to invest in. Investing takes work.
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  88. Rich and upper middle class people pay most taxes taxes.
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  89. Many of the wealthiest people carry a lot of debt to avoid being taxed to death. 37% federal taxes, 13% California tax and 2% Medicare Irma for 65 year olds. That’s over half a wealthy person’s income in California.
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  90. This fall will be scary.
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  91. Trump spent trillions of nonexistent money and handed it out like candy, give me a break.
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  92. Cultural shift to a less socialist federal government.
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  93. Dollars are a means of exchange, that’s it.
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  94. Market and economy doesn’t look good right now, just saying. If you know people who lost their jobs, can’t find jobs and home prices dropping… definitely time to get out.
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  95. Canada will eventually lose markets, if it raises electricity prices to northeast border region of U.S. It’s a tiny percent of U.S. energy use.
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  96. Everything is fixed, just most of us aren’t in on it.
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  97. Buy locally
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  98. So true, I’m barely a millionaire and you could never tell my multi-millionaire friends by what they wear or the cars they drive. If you catch a conversation with a wealthy person, eventually they get around to talking about their investing and their high taxes. My state, fed and Medicare Irma taxes were at 42%. In California, it would be over 50%. Wealthy people pay lots of taxes.
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  99. AI is not a bubble and still has a multi-year run because it’s only just begun.
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  100. Gold and silver can always be exchanged for dollars, just as dollars are exchanged for food.
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  101. You did right paying off loans. Interest rates are going up and you would have been stuck in a downward personal economic spiral of debt. Great you got out of that hole.
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  102. EU, China, Mexico and Canada all have tariffs and trade restrictions. Importing was a way of avoiding taxes in U.S. Wages are only a couple percent of product costs.
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  103. Problem with retirement, if your income goes up because of withdrawals or other income, IRMA taxes on Medicare go up.
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  104. Politicians protect the wealthy, everyone else pays.
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  105. Doesn’t matter who is next President, economy will get trashed within a year. Inflation is high on consumer essentials, homes are too expensive and commercial real estate is going to crash. Too much unrented offices and banks will take massive losses when building mortgages are unpaid.
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  106. Stock prices are based on profits. Certain sectors like home builders are dropping, but technology is highly profitable.
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  107. Too many recent immigrants competing (not restricted like when my parents immigrated) for housing and free healthcare. Interest rates too high for builders to take a chance under current economic conditions to build.
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  108.  @FrankMelanio  Most elderly people are broke, too poor to do anything.
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  109. Special emergency powers are not part of the Federal Reserve Act. Any lending outside of banks is illegal. Buying subprime loans is illegal. If I am wrong, please quote the part of the Federal Reserve Act that allows what the Federal Reserve is doing.
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  110. Nice theory, problem is U.S. and dollar is highly dependent on imports, exports and produces limited consumer goods. So excess dollar creation means higher costs for goods that are exported like food, lumber and oil, simultaneously causing a rise in imported goods because of more dollars chasing same goods. You also forgot about zombie corporations being kept on cheap money lifeline instead of allowed to go bankrupt and replaced be more efficiently run businesses. Don’t forget the current speculation in housing by ‘investors’ that used cheap borrowed money to buy housing which drives out people who would actually buy homes for themselves. Goods are available, at very high prices which leads to more theft and even higher prices. We are in the deadly spiral of inflation which also destroyed the Zimbabwe and Venezuela economies.
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  111. Bankers lie to the public. Federal Reserve already backed down, they chose inflation over letting bank failures happen.
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  112. It’s true Democrats have gone full blown Marxist by attempt on Trump and replacing Biden with a selected candidate. Kennedy would be better, but won’t win because of his voice.
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  113. Fed has been reducing money supply… a lot left to reduce.
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  114. Retrofitting is very expensive. Plumbing is limited for offices than living spaces which needs a major upgrade.
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  115. If Fed doesn’t cut, economy will crash. It’s a lot harder to restart an economy.
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  116. He’ll be 100% right 50% of the time.
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  117. Free trade was simply a sales pitch, it was gaslighting. Tariffs used to be 10% and U.S. had a lot more jobs and cheaper prices.
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  118. Better that people work in factories and farms than live on handouts from big daddy government.
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  119. Don't believe the Federal Reserve, they don't have a great record. You also missed a few things about housing. Materials, skilled labor and major appliances have gone up 20% or more in the last year. There is no sign inflation is going anywhere but up. Bottom end housing will either be in a good enough neighborhood or be good enough to fix up... or it will get torn down. Cheap housing will continue to disappear. All other housing will continue to up in price.
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  120. Nvidia sales continue to grow and there’s a 2 year backlog for its most advanced processors.
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  121. Can't help people when they don't want help or can't appreciate what they have.
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  122. I’ve done super well with my finances the last few years, kept up with inflation. Sometimes all anyone can ask is to tread water.
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  123. No, stocks will go up because the dollar will have less value, corporations will have the same value, so it takes more dollars to buy corporate stocks.
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  124. Inflation was primarily caused by Federal Reserve creating trillions of dollars.
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  125. Guess I’ll be forming a corporation to shelter my investment income.
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  126. Inflation can only be cured by crushing economic activity, nobody wants to say that.
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  127. A pause is not a pivot, prices are not leveling out and inflation seems to continue to go up.
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  128. High inflation burns everyone who doesn’t have assets. There’s a good chance of major economic problems caused by commercial real estate so that will likely create buying opportunities… if people still have jobs.
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  129. They did and now living off credit cards.
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  130. YouTube isn’t that bad.
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  131. Seems like Federal Reserve realized they messed up with flooding the economy with trillions of dollars not backed by economic activity. Fed has no choice but to withdraw dollars from the economy to prevent a free fall in the dollar and prevent hyperinflation. Fed woke up to economic reality, late as usual.
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  132. Federal Reserve will be last to respond.
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  133. Politicians actually helping people and not corporations… that’s absurd!
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  134. No politician suggests eliminating all tax write offs and a flat tax on all income. It would be too simple and too honest.
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  135. Intel is laying people off because they messed up a large batch of microprocessors and is being beaten by AMD, Nvidia, Apple and Tesla.
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  136. Federal Reserve is actually pulling money out of economy by not holding onto bonds it bought, so cash from bonds come into Federal Reserve and it lowers assets on its balance sheet. Inflation is not coming down because money velocity is dramatically increasing, that means fewer people are holding onto their dollars and spending their dollars faster. It’s part of the “inflation cycle” because no one believes prices are stable so they spend money as quick as they can before prices go up, including me!
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  137. In reality, it’s all smoke and mirrors. Interest that Federal government pays Federal Reserve is returned to U.S. Treasury as profits. It’s a big loop. Essentially Fed holds Treasure debt, but does not keep the interest.
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  138. Inflation is real.
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  139. Tech stocks took a hit… it happened before and comes back. You under appreciate how many jobs are being replaced right now by AI. Deepseek is overhyped and not that much better than small model Llama.
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  140.  @Frugal637  Guess you have no ideas to talk about.
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  141. Fed must keep interest rates high and higher or inflation will not go away. Joint statement from different organizations is illegal collusion.
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  142. No way to know how much China spent or how many processors were networked together.
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  143. Your chart is wrong, corporations first give CEO and top executives multimillion dollar bonuses first.
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  144. Resentment among a vocal minority won’t make a difference.
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  145. Buffet pulled out a year ago and missed a 20% increase in stock prices. Listen to long interviews with Trump and Musk before judging them.
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  146. Panic creates opportunities for people to buy. All tech companies are profitable and have a lot of growth in the future, especially Nvidia. It’s nothing like 2000 when tech companies made no money.
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  147. Housing will not crash, it’s not 2008. There is a greater demand for housing than supply.
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  148. People don’t understand they need to sacrifice to get enough together to buy a house. I once put cash in envelopes and that’s all I would allow myself to spend.
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  149. TakeU2Cleaners
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  150. Credit cards destroy most people financially. I once cur up my credit cards and put cash in envelopes to limit my spending. It works. Cooking at home helps.
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  151. Some people made enormous money in stock market, shorting the market followed by going back in.
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  152. Yes.
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  153. Chicago is my home town. I’m retired and planning on getting involved with politics, starting with getting a good States Attorney elected, better mayor and better Cook County commissioners. In the meantime, got my FOID card, getting training, concealed carry and security for my house. If all fails, I’ll move.
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  154. My experience is 20% of people doing work at home are as effective or more effective than coming into the office, 80% are not. Collaborating is extremely difficult if people are not in the same room. Someday technology will create true virtual rooms, but we are years away from that.
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  155. Cut back spending! Don’t eat out. Rent stuff from libraries. Lots of ways to cut back.
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  156. Nvidia will come back. It provides the best processors for AI, crypto currency and gaming. Nobody will want slower chips because they are too power hungry to run big tasks and everyone will want to compete with the best tools. No one knows how many processors China networked together to get the small Llama model to be modified to become Deepseek. Deepseek is another step in AI, but is not as accurate as larger language models which will improve thanks to Deepseek.
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  157. Wages only make up 2% to 3% product costs. You forgot about the millions of better paying jobs.
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  158. Rich people get tax breaks the average person can't take advantage of. The rich also own corporations that get cheap money almost directly from the Federal Reserve. I've seen savings account go from paying 5% to nothing while credit card loans go from 8% up to 32%. Less wealthy people need to take out student loans that can't be discharged in bankruptcy. It's a lot easier to invest money when you have excess money to invest. I grew up poor and retired at 58 without financial worries. I know both sides. Don't tell me the system isn't rigged.
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  159. Both parties love spending more money. Republicans only hate spending if they’re not spending it. Don’t believe baloney about Reagan, he was No Conservative and a huge spender. He just hated unions and cut taxes for wealthy.
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  160. Real inflation is 40% higher than official inflation.
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  161. Housing and stocks.
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  162. Federal Reserve was created by Congress and can be eliminated by Congress, they always do what they are told.
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  163. Most of the money the Federal Reserve is creating is to support corporations to keep the rich from hurting. In a few months, the Federal Reserve created over 4 trillion dollars. That averages out to $20,000 for every adult. The average adult got less than $1000 since many did not get $1200. The other $19,000 went to support irresponsible corporations, their CEOs and executive bonuses. That's called the trickle down theory. The rich get the money and it trickles down to everyone else.
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  164.  @devinreadsbooks  That was not true. Great Depression was caused by an overly restrictive monetary policy by Federal Reserve.
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  165.  @xiholliday  Importing costs money and wages only make up only 2% to 3% of product costs. Long term real difference will be about 1% to 2%.
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  166. TakeU2Cleaners
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  167. Actual cash is a tiny amount. Printing refers to electronic digits of dollars. 99% of dollars is electronic.
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  168. No, it’s not the Fed Chairman alone, it’s a majority of Fed Board. Also, they do whatever the President wants because they are appointed by the President and the Fed is not allowed under the Constitution. Only Congress is allowed to coin money, which means Fed needs to be a Federal agency to be legal. Fed governors being appointed was a sidestep its illegality. One of the bad decisions of the Supreme Court.
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  169. Federal Reserve exists by an Act of Congress. If Fed doesn’t play ball, Fed will be ended and put under the Treasury Department.
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  170. More likely big Hedge Funds and investors who borrowed Yen at zero percent had to cover their losses after Yen jumped because Japanese Central increased interest rates. They had to sell dollar valued investments to cover their wrong currency bets. This cause Yen to jump more, more dollar investment sales to cover Yen loans. All over now, things are stabilizing.
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  171. Trump, Trump, thank Trump if you're a landlord going bankrupt.
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  172. Workers in U.S. will benefit immensely.
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  173. Wait until stocks bottom out first.
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  174. Money spent on Israel and Ukraine is necessary to protect Western world. In reality, money is spent on weapons production in U.S. and weapons are exported. Money never leaves U.S.
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  175. Printing dollars actually refers to digital creation of dollars, not actual physical currency.
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  176. Federal Reserve kept interest rates too low for too long before pandemic, Fed lies about inflation which runs 80% higher than official figures, drove up stock prices by buying corporate bonds which corporations used to buy their own stock, Fed chose to create $5 trillion… yes Fed is at fault, as well as Congress for trillion dollar deficit spending.
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  177. Local governments and state agencies need to help.
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  178. That’s a good laugh
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  179. Congressional deficit spending combined with Fed keeping interest rates too low and creating $5 trillion dollars.
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  180. Bubble needs to be popped.
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  181. Maybe Fed should have reduced interest rates during last meeting. Fed always wait until things are too late. Inflation has stopped, home prices are dropping in many areas and jobs have been bad for a long time.
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  182. Wrong lesson from history. The Great Depression was caused by the federal government cutting back spending and federal reserve tightening money supply.
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  183. That makes no sense. Dropping tariffs never benefited workers in U.S.
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  184. Biden got elected because Trump screwed up the economy, neither candidate is any good.
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  185. There’s so much advancement going on with AI, so many changes, so much potential and so much more need for faster processing. Demand for more processing is endless right now.
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  186. Corporations need to produce and add to the economy in order to make sales, dollars are simply a medium of exchange. These are two completely different things.
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  187. No, not if you work a good paying job, have a good business and invest.
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  188. Both.
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  189. Everyone needs to learn to use ChatGPT, Grok or other AI apps to use with their work if they are able to.
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  190. Consumers will also get a lot more better paying jobs.
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  191. My neighbor also years looking for a job.
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  192. FDIC needs to raise its official insurance up to $5 million because it would cover up to medium sized businesses. A million dollars ain’t what it used to be.
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  193. Not true, interest rates will stay close to inflation to prevent hyperinflation.
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  194. Not crybabies, they are in a bad situation and don’t know what to do.
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  195. Fed will print the money.
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  196. Aren’t we just coming out of massive Federal Reserve money printing?
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  197. Negative thinking doesn’t help anyone. There’s always been corruption. Neither party ever cut Federal spending.
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  198. A balanced budget Amendment would solve most inflation problems.
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  199. First the government saves the money of the wealthy, then they socialize the cost by dumping the costs through Federal Reserve inflation on everyone and devalue the dollar. Inflation, inflation, inflation…
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  200. There’s a shortage of homes, so prices are not too high. Living in a house you like in a nice neighborhood is a wonderful thing, not a prison.
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  201. Better idea for taxes. Eliminate all tax write offs and impose the same flat tax on individuals and corporations based on increased wealth and income. Taxes could drop to about 3%.
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  202. Works now.
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  203. Congress.
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  204. Listen to long interviews with Trump and you will get the opposite opinion, like I did as a former died in the blue Democrat.
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  205. There’s an under supply of homes overall in the U.S. So home prices will generally go higher.
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  206. People who like guacamole. I prefer Asian food, except for Jalapeños. I really dislike German food, which is where my parents are from.
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  207. U.S. economy and middle class was doing much better before tariffs were removed.
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  208. True, less dollars in the economy and higher interest rates could offset this.
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  209. Tariffs will be a tiny amount to costs of goods.
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  210. I believe this economy is like after the 1918 pandemic… the boom has just begun with 8 to 10 years to go.
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  211. Ultimately, Fed is controlled by Congress and President. Fed exists by an Act of Congress.
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  212.  @GabrielLopez-mo2xo  We’re on the verge of hyperinflation, can’t keep creating funny money. Federal Reserve knows real inflation is double official inflation figures.
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  213. Trump is competent. Listen to long interviews with him and Musk. Other countries did not cut their tariffs, did not help with border security and did not help with illegal drugs.
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  214. Research it or simply find growing companies with global sales.
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  215. Very likely.
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  216. Nvidia will recover soon. It could have been market manipulation to drive down stock price before blow out quarterly results are announced.
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  217. That doesn’t make sense for the long term. Tesla isn’t just cars. They are also advancing in AI, robotics and self-driving cabs.
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  218.  @hahamasala  It only took 6 months to pull factories out of U.S. and get them up and running in China. Musk built the largest AI server facility in the world in less than 2 years. It doesn’t take that long.
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  219. Powell is a political science major, not an economist.
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  220. Corporations compete and lower costs through efficiency. Federal Reserve creating trillions of dollars with nothing to back it causes inflation.
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  221.  @ky6632  It used to be small savers got 5% return on their passbook savings and only the small saver was protected by FDIC and the Federal Reserve. Banks are not just banks anymore, the big banks own investment firms. This was illegal until President Bill Clinton worked to have the law removed. This is why the economy crashes on a regular basis. Banks funnels money from the Federal Reserve into their investment firms, when they collectively screw up, they get bailed out. That’s half the reason inflation is out of control. The other half is the budget deficit.
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  222. Can’t, banks with garbage commercial real estate loans would crash.
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  223. Well said.
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  224.  @borikero1  I believe the latest advances in tech will increase productivity and overall efficiency of the economy. AI is massively increasing productivity right now. Tesla advances in car manufacturing, heating/cooling, software and batteries will spill over into old line manufacturers, unless they are run by complete idiots. Things are moving faster than anytime before. I have seen and experienced changes as a retired 65 year old programmer and financial investor. We just need to get the U.S. Federal budget under control.
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  225. Until its not. Out of control inflation will inevitably lead to a major crash because rising interest rates are needed to save the value of a currency.
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  226. Trump can’t stop other countries to do what they do. Threatening other countries like what Biden did will only accelerate them dumping dollars.
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  227. Trump and Musk are among the hardest working people that ever existed. Wealthy people work hard all the time and pay more taxes than most people earn.
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  228. On the other hand... millennials have the greatest ability to learn anytime in history, on the internet, and YouTube. Amazon also has more books available than any bookstore ever did. Millennials also can get less expensive, mostly on-line credited university degrees which gives them the greatest opportunity to work their way through college, debt free. If someone is hard working, competent and intelligent, it's possible for them to reach their full potential. It's up to the choices a person makes.
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  229.  @rjtheripper931  I grew up poor. My suggestion is to try to cut expenses, save money, see what careers pay money and get the qualifications to get the better paying job, learn about investing and try to learn trades so you can do things without constantly hiring people. Everyone who's working in a job will retire and someone younger will take over.
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  230. Trump demanded that Canada and Mexico reduce their tariffs, help with illegal drugs and secure their borders. They did none of this.
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  231. Federal Reserve needs to cut interest rates now. Fed induced inflation caused by excess dollars is over. There is nothing higher interest rates can do to reduce federal deficit caused inflation, lower food prices and can’t lower shipping costs. Lowering interest rates could actually increase availability of housing, lower costs for businesses and keep dollar stronger to help reduce costs of imports. Federal Reserve seems to be making the same historic mistake of keeping interest rates too high for too long because of factors outside its control.
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  232. Recession postponed until after the election.
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  233. Other than 30% higher prices for everything.
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  234. Federal Reserve is run by idiots who don’t know basic economics, they are political glad handers.
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  235. It’s a panic based on overhyped Deepseek. Stocks always recover if they’re profitable and have a growing market like tech companies. Seems more like market manipulation before Nvidia announces another blow out quarter.
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  236. Trump asked for help with cutting their own tariffs, illegal drugs and illegal border crossings, they refused.
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  237. paula More dollars for gold with a larger budget deficit, more dollars created without a growing economy to back up the dollar.
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  238. They should take out personal loans to pay off cards, unless they have zero financial discipline.
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  239. Yes, big federal budget deficit, money buys less and continues to buy less… so what else is old news? People continue to spend. People are still employed. Stock market is fine. Housing is still strong. Government contractors, tech jobs, healthcare, construction jobs including plumbers and electricians pay well. Underground (cash) economy is strong. The people who suffer most is handicapped, retirees who can’t work without enough resources and poor people without assets. Commercial real estate will undermine many banks. Trade deficits simply means our standard of living continues to erode compared to other advanced economies.
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  240. Modest?
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  241. There’s a lot of great paying jobs in home construction and repair.
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  242. Only if you buy everything from outside the U.S.
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  243. It's not quite that simple. A lot of people have lost money buying housing at the wrong area or at the wrong time.
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  244. Many people grow up in poverty and figure it out to join the top 30% that are doing real well… myself included.
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  245. The entire economy was controlled in 1941 because of World War II, not a good comparison.
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  246. If the dollar crashes, inflation shoots up and interest rates shoot up, the Federal Reserve will change its tune in a nanosecond.
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  247. Trump, Trump, Trump
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  248. Trump and Musk attacking workers, except what he perceives as unproductive government workers. They even publicly admit when they make mistakes. Try listening to full interviews with them.
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  249. It’s Congress doing deficit spending that’s creating liquidity.
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  250. It seems like market manipulation before quarterly results get announced.
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  251. That’s smart.
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  252. They need to smarten up and take out lower cost personal loans to pay off credit cards, unless they have zero financial discipline.
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