Comments by "DrScopeify" (@drscopeify) on "CNBC Television" channel.

  1. Wellllll I read the report its mostly oil, housing, services but this will all take time another 1-2 years but that is not an issue however if the economy starts to bleed then everyone gets smacked hard for what? Because inflation is 3.5% instead of 2.4%? Is it worth such pain over less than 1% difference? The FED made a mistake with the 2% target it should not be tied to any specific % because not all inflation acts the same, some falls fast and some moves very slowly like home prices. As more home owners have to move over time, they will be exposed to the new higher rates but this can take many years to play out but we don't need to crush our economy over a timing issue.
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  2. Because it's good news, the USA sold Bonds and had a ton of buyers so what's there not to like?
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  3. You need understand that Chines population over 80% own their own houses which is a great thing but as a result of pries fall, everyone gets hit!!!!! What you said about affordable living only applies if you live in rent ad Chinese do not rent, they own like smart people do.
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  4. SCAM
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  5.  @palamane1  Very good comment my friend.
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  6. Going from a HOT market to a more stable market is going downwards, going for HIGH rate of price increase back to normal rate of price increase means things got to slow down, but is that a recession or just a Cooling down, a controlled slowdown? It's easy to jump up and down and scream recession but that is not the same thing as a cooling down, a gradual slowdown to stop inflation, to cool off the system from over heating.
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  7.  @kevino1059  Well he deos wear eye liner which is strange not very manly thing but whatever
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  8. Well it's not always up to them. The American public instead of saving money goes out and spends it all raising inflation, its in the news day after day but people keep spending. If the news is talking about inflation I help by stopping to buy luxuries but people are not getting the message though to their small heads.... Joe Biden could have come out and said, people stop buying things you don't need, let's together fight inflation but he failed to do so and I don't think Trump would do that either so that just makes things even worse....
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  9. The west exports value will rise so this is good for the west GDP will increase.
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  10.  @Jo.Budeck  EU has all of the resources they need, they have LNG, they have increasing production from north Africa they have from Caucuses, they have from North Sea. More than enough prices have fallen in Europe to normal levels.
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  11. Core = housing as stated 70% of inflation is now housing but that is in the works it just takes some time. The FED is well aware that housing takes 12-18 months to react to rate hikes and we only saw the last hike 2 months ago, raising the rate further does not solve housing or Core CPI.
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  12. Indeed they have gone totally off the wall crazy in the last few years, what they wont do for some views
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  13. Just be aware that the CCP only cares about one thing and that is the CCP, they don't care about you and if Xi decides to reduce houses prices in China has he did you will suffer. The CCP only cares about the CCP they do NOT care about YOU!
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  14. The problem is that the job openings are not good data, you have very limited openings in Tech which makes up 25% of the economy and also low openings in Finance which is another 25% of the economy so really 50% the core guts of the US economy has limited hiring so the 10 million openings are in agriculture and mining and manufacturing and government and ports but really the majority of Americans want Tech and Finance and they are NOT hiring like they used to, for the job that I do in Tech the openings are cut in half from a year ago maybe even by 2/3 so the numbers simply do NOT tell the full story.
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  15. My personal view is that the situation in Tech alone will force the numbers to get ugly, keep in mind some states require a waiting period of up to 6 months to file claims so there is also a delay simply due to how some states require to file.
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  16. I noticed that too, I bet they all share that same level of anxiety so I can see them letting loose. That is one f-king hard job.
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  17.  @ArturoGarzaID  In that case a recession will hit and clear out the inflation problem no?
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  18.  @lovelivelaugh4542  ????????
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  19. Grocery prices are flat last month. Grocery was up 0.1% in September, 0.3% in October, 0% in November , 0.1% in December 0.4% in January 0% in February 0% in March. We all of course feel the increases over the last 4 years combined but monthly it is flat. I would not be surprised if we start to see falling prices under 0% in to the future months but that's not good for farmers if Fuel is up and Grocery price are actually turn negative. Yeah we all want cheaper food but farmers need a fair balance.
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  20.  @iamhudsdent2759  Trump economic plan that the RNC accepted was BASELINE Tariff which means EVERYTHING. Baseline is foundation. So your bathroom towels made in Bangladesh or Guatemala yeah 20% more maybe 100% more $$$ - be aware of what you ask for is painful. Car parts for your car, new appliances? HVAC systems, home repairs, so much will cost so much more. Just better be ready for it.
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  21.  @Zero11_ss  Indeed he is talking to economically illiterate people and so they support his view because they have idea about how the world works.
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  22.  @evetszoogle6874  What do you mean by political by not moving in November? The inflation is at 2.5% and probably a good deal lower so they are late to cut by at least 1 meeting. Bank of England, Bank of Canada, European central bank they all moved when inflation was at 2.7% or 2.9% and the FED moved at 2.5% so they are LATE 100% late. We should get a 0.5 in November but really should already cut in October, it's too bad they skip a meeting.
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  23. I guess until the data for inflation is 2%
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  24.  @mmaranta785  Well Regan caused the massive collapse of the US industrial base so he was not who you think he was - he removed the critical subsidies for ship building in 1981. That collapsed the steel industry as well like Bethlehem steel went under in 2003 becasue of lack of demand for ship building. Regan did crazy level of damage. And the funny thing? Every ship built anywhere in the world today gets a subsidy China, France, Japan, they all have to pay it just part of the deal of having an industry base. So we replaced 30 million workers in ship building, industry and steel with 9 million Tech workers but heyyy they make like 90k a year. Fewer people getting more $$$. That's how you gut the middle class.
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  25. Well we had many Presidents go out of old age while in office including Roosevelt in the heat of WW2 in 1945 he passed during the war but we dont remember that as we have a very good method of dealing with it thanks to the VP it went very smoothly and Harry Truman took over
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  26. So you are telling me that with falling inflation something will break? lets think here for a minute, isn't the reason for the higher rates and from that the risk of something breaking is all linked back to high inflation? SO if inflation is coming down and then rates can come down as well that's the time something breaks? I am just confused here.
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  27. The next inflation updates could be down, I for sure have seen prices fall, car prices are down big time in my area, I am seeing lots of homes now coming up for rent and for sale and grocery store has lots of discounts all over the place. The hold out seems to be insurance but there has been a lot of issues with bad weather, fires, flooding and cost of repairing a home and car has gone up so there is the one problem spot it seems. Not sure what the solution is for that but maybe once they hike prices it levels off but we shall see. I was able to hunt around and get my home insurance moved from Farmers $1000 a year down to $770 with AAA. They are way cheaper unless they start hiking my price next year, we shall see.
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  28. Defense Department has a contract as far as I know
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  29. Siegel knows, the rate cuts if done tomorrow, tomorrow right? Its still going to take around 1 year to kick in while in the meantime the Tsunami of rate hikes crashes in HARD. And the FED only wants to talk about cuts in the middle of 2024.
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  30. Do what? Fight inflation? So you like having inflation then? LOL
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  31. Greedflation is usually only a temporary issue as companies become used to raising prices more and more but eventually customers reduce their buying and force the companies to cut prices but it can depend on the city or country.
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  32. Mostly banks, mutual funds, companies that want some of that sweet 4% 30 year on their books all kinds of buyers. Locking in assured 4% return for the next 30 years is pretty rare gift from Uncle Sam.
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  33. There is only so many buyers that can finance at such rates right? At some point you run out buyers no?
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  34.  @peteg22  In the year 2008 the year actually ended with inflation UP 0.10% so there was no annual deflation even in 2008 and in the year 2009, which was still a total disaster the inflation was UP 2.9%. 2010 and the economy was a total disaster still and that year inflation was UP 1.5%. To actually get DEFLATION in the USA for 6-12 months you need a crisis at least, 2x maybe 3x BIGGER than 2008, or for the Government to not help at all the economy. You need MORE than millions and millions of Americans losing their cars, homes, companies falling down, banks going under, that is just NOT enough. But here is the good thing, you can have inflation and home prices can still crash like in 2008-2012
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  35. SCAM
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  36. I agree that Kamala's policies are stupid like price controls 1000% that does not work and just leads to companies making less stuff = shortages. So that is a disaster. But Trump's tariff plan is no better = it will force prices to rise on everything we buy from 20% to 100%, that is nasty, poor Americans and middle class Americans will be able to buy WAY WAY less stuff. Think about car repair? The parts used are imported and if you buy American made car parts the price would be monstrously higher due to higher cost to make the goods here. Yes we could use higher tariffs on things like Steel, and cars, and all kinds of stuff 100% but not across the board!!! We import stuff to make Americans have a higher quality of life like car parts, car tires, electronic things like phones and laptops, making these here would raise the price so you would not be able to buy a phone or a laptop anymore. What good does that do? It just leads to Americans having lower quality of life.
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  37. The US created some 5 trillion during COVID, most went to the FED and some to the banks and general public, and some of that liquidity as usual, went to foreign countries thanks to the trade deficit, and continues to do so, HOWEVER a lot of that money is still here in the economy. The question really is, this is what matters, is how much of that money will stay locked up and how much of it will liquidate and MOVE as the FED cuts rates. That's the question!!!
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  38.  @Boxagami  What are you talking about??? Inflation went from almost 10% to now at 3% that says that it IS working lol
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  39. That is mostly just housing which has a 12-18 month delay and the last rate hike was only 2 months ago so give housing some time man, its not instant. For the May hike to get priced in to housing you have many months to go. So you just end up over tightening. In 2008 it took some 2 years for the falls to play out until the bottom fell out and 2 more years to hit rock bottom so around 3-4 years total. 2007-2010 and in some cities like here in Seattle it took until 2012 before the bottom hit. 5 years!!! Housing takes a hell of a long time.
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  40. US Govnemrent spending is 24% of the US economy in 2022 but other countries are the same the very very careful Germany that has very low debts is 21% of the economy France is 23.68% China is 32.6% Japan 21.43% Canada 21% so is the US anything different at 24%??
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  41. Core = housing as stated 70% of inflation is now housing but that is in the works it just takes some time. The FED is well aware that housing takes 12-18 months to react to rate hikes and we only saw the last hike 2 months ago, raising the rate further does not solve housing or Core CPI. If the FED hikes again it tells me they are playing the global markets which is OK I understand the needs to shore up the Dollar before a long 2 year period of slow rate cuts will give the Dollar a kick in the nuts but let's not go too far here shall we? The lower Dollar value will boost exports and we need to fight that crazy trade imbalance
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  42.  @jamesbaxter222  US Economy is 24% Government spending but other countries are about the same France is 24% Germany 22% China is over 30% Japan is around 24% so pretty normal
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  43. It was 0% in July 2022 I think people just freaked out by the FED hikes so people stopped buying stuff but next 3 months August, Sep, October 2022 last year combined were 1.1% increase in inflation so that should reduce the Yearly inflation rate by a nice number. That said anything can happen, gas prices can shoot up and rasie inflation or we hit a recession and prices fall below 0% as people freak out and stop spending. Who knows?
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  44. SCAM
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  45. Yeah we went from 9% to 5% and probably already i the 4% right now and this guy is bullshitting about 10% rates, I must have missed the funny color wing and red nose
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  46. The USA can always raise taxes as the tax is very low for Advance Economy. I am paying in the USA 15% tax for very standard income When I was living in Europe I was paying around 46% tax and lower income. So the USA debt is really due to low taxes. China is the same as the USA, with low tax in China but now that growth in China is slow under 5% it will need to raise tax or accumulate debt. The USA is like 12 years ahead of China in accumulating large debt from 2008 and China from 2020. As China becomes an Advanced Economy, where growth is much much slower they will also need to decide, either accumulate debt or raise taxes. The USA has 653k homeless not 1 million but most of these people are taking drugs from what I know, I was in China in 2017 and I also saw people on alcohol in the park. It is not as bad as the US or Europe or Brazil but it is a global issue.
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  47. Insurance is always the last wave of inflation becasue they depend on everyone else raising prices first, but shop around there are many new insurance companies while old ones consolidate so they raise prices. I was with MetLife but they got bought out by Farmers and of course they hiked rates so I moved to a local insurance company here in WA state and got the price back to $800 a year for my house. Farmers hiked it to $1100 so shopping around saved me $300 a year, that's not much money these days but why not, I rather it be in my pocket.
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  48. This is why everyone uses "REAL GDP" which is corrected for inflation.
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  49. That is normal when you have expectation of long term inflation and after 15 years at almost no inflation and low interest rates to stimulate growth, all the higher yields are saying is, the US economy is back to normal .... Its a good thing. Look at the Yields of the 1990s before the crap kicked off 5% 4.5% Excellent, we are back to reality. The question is can we stay here, can this last and I really do hope so.
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  50. If you learn about economics and how economies work which I highly recommend then what he just said in the video makes prefect sense. It is simple basic data that everyone should really know. Anyone who does not understand him is basically cheating themselves out of a better life quality
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