by Summary:
One day he tweets higher rates will drive inflation. (Which is correct, and miraculous he got it right.) Then the next day he says the Fed won't raise rates enough to squash inflation.
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Mike Norman considers the following as important:
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One day he tweets higher rates will drive inflation. (Which is correct, and miraculous he got it right.) Then the next day he says the Fed won't raise rates enough to squash inflation.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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| One day he tweets higher rates will drive inflation. (Which is correct, and miraculous he got it right.) Then the next day he says the Fed won't raise rates enough to squash inflation. |
shiff is a rock start … the wee todd posting this video needs frontal lobe extract or a very least 30,000 volt therapy
Thanks for the update Mike. Always awesome 😎💃🏽
Higher interest rates increase costs however it also reduces demand which is deflationary. So it's a pretty destructive tool for controlling inflation
You both like gold though which is weird. Gold has always done worse than tech stocks in my opinion.
Can you do a video on harry dent lol, I think he is even worse.. his fund DENT shutdown due to poor performance and high fees, now he targets Australia
I heard Harry say he would quit if the market didn't melt down in 2021, he swore that it was supposed to melt down. And he always gets interviews anywhere he goes, just a joke.
Schiff has been the most accurate next to Martin Armstrong on a macro level. I have been around a long time and heard/read all the experts. These two guy are the only ones that hold water.
Just stumbled upon this nonsense . . . this guy is simply off with the pixies. Nothing he says holds water – no clue whatsoever. Had a look at a few of his vids – like a car crash I couldn't look away. His answer to problems is to print money. Wake me up when he solves world poverty – sounds like he knows how to do it – print the money LOL! – simples! LOL What an absolute goose – calls himself an "economist" – deluded more like it ! Sad.
In a capitalist economy spending induces more production by firms (the profit motive) which in turn creates greater supply. That is not inflationary or negative for the currency. The only constraint on spending is the availability of real assets (labor, natural resources, brain power, etc). No wonder you are a dummy. You listen to a dummy.
@Mike Norman MMT Economics You are quite right, I listened to a dummy in this vid! I will no longer do that and give your videos a wide berth. Good luck with your pet theories Mike, I wish you luck printing your way to prosperity.
CPI and real inflation are two very different things.
I think raising interest in small increments will raise CPI and lower asset prices. So yes, Peter is right….they will raise rates low enough to actually raise the CPI while even a slight raise in rates can be very detrimental to the market, and might pop the asset bubble. Same with real estate….raising rates even slightly could pop the bubble but actually add to CPI. We have seen asset price inflation for years with no CPI inflation and I think this will reverse now
in one tweet he is saying higher interest rates will result in a hotter cpi (raw material, labor etc.). the other tweet he is saying the tighter monetary policy (higher rates) will prick bubbles but not enough to slow inflation. It is not a flip flop. Both tweets say that higher rates will not stop rising prices or cpi and are consistent.
Comprehension problems? It was pretty clear in the second tweet that he’s frustrated the Fed won’t raise rates high enough to squash inflation. The inference totally contradicts his first tweet. But that Schiff. Follow him. It’s up to you.
Tell me what's wrong with this thinking: High real interest rates encourage saving, discourage spending and taking on debt, slow the velocity of money and lead to less money bidding up the prices of various things. Else, what do you make of the inflation of the 70s and 80s and the response of setting the funds rate at 20% and the resolution of the inflation problem?
In the 70s the US sided with Israel during the Arab-Israeli war. Which Arab countries counter with decreasing the supply of oil, which cause the inflation because oil is in a lot of things and mainly because it's needed to transport goods. Jimmy Carter then counter with deregulation of the natural gas industry which then loosen the grip of the Arab countries on our need for oil as an energy source.
Go listen to his podcast and he explains it. You don’t understand but nice amount of views on this video though keep up the good work 👍
This guy calls Schiff an idiot but he failed to understand what Schiff was saying. LOL 😆
What is the guy on.
Peter is right, you are oversimplifying his words and are ignoring real world circumstances probably because you hold strong political biases. Businesses have been holding off as much as they can on raising prices not to lose customers but if the fed raises rates a little bit the debt burdens could become too large to hold off on those price increases any longer while being enough to tank the asset bubbles that have formed in certain sectors. At the same time continued QE will strengthen inflationary pressures as well. I am shocked that you are actually an economist.
No. Sorry. It's pretty clear he's completely contradicting himself, which is what he always does.
Maduro Mugabe Theory?
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I invested $13000 with him and I earned a total amount of $26000. He made me believe in crypto trading
☝️☝️☝️☝️
I invested $13000 with him and I earned a total amount of $26000. He made me believe in crypto trading
Low interest rates do not create inflation – they distort the economy and lead to malinvestment. This is what Peter Schiff has always said. Also, it is safe to assume that he [given that he has stated the following, ad nauseam, over the decades] also understands that: The CPI is merely a fraudulent measure of prices. Inflation is an increase in the money supply. Period. Increasing the cost of credit will almost certainly lead to a "hotter" CPI. Mr. Norman, your critique of Mr. Schiff's tweets is nonsensical. Paul Volker's move to raise interest rates to 18% put a floor under the devalued US dollar, did it not?
Malinvestment is a ridiculous, made up term. "Mal" according to who? Schiff? Is financed production "mal?" Give me a break. This is idiocy.
his been consistent for a long time and will be right
Perfect example when idiots thinks everyone is an idiot just like him.