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Jacob Watson
CNBC Television
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Comments by "Jacob Watson" (@jacobwatson3781) on "Fed has to understand they can't raise rates much more, says Whalen Global Advisors' Chris Whalen" video.
Corporations have the ability too lower cost. Corporations thought interest rates would be close to 1-2% forever and didn't properly innovative and reinvest since 2010. Corporations worried more about stockbuybacks and paying shareholders vs getting company in a spot to handle normal interest rates and cost of doing business. Corporations have been jacking up price for over 2 years just becuase they could. Corporate profits account for 54% of inflation, once greed slows rate increases will stop.
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@clot shots wait, stock prices have been high last 18 months. The last few weeks have been rough, but before that, stock prices were high.
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