Wednesday , December 18 2024
Home / Video / Powell throws cold water on the outlook for more rate cuts.

Powell throws cold water on the outlook for more rate cuts.

Summary:
Is he purposely sending a defiant message to Trump?

Topics:
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Is he purposely sending a defiant message to Trump?
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

21 comments

  1. @nicholasgomez2485

    AAII bull sentiment jumped up 8% to ~50%.

  2. Thanks for the updates, Mike. 10 year bond at 4.453. I thought Powell saying Trump cannot fire him was a bit arrogant.

  3. Watching this Joe Rogan video with Dave Smith talk up fears of Hyper-Inflation and Fractional Reserve Banking: https://www.youtube.com/watch?v=g6LS7GO7Qkw I wished if only Mike was there to engage in a debate to rebut the faulty analysis and conclusions based on a archaic and incorrect model of our monetary system. Mike instead of wasting his efforts to get on a dying media like CNBC to evangalize MMT, I think he can have an exponential impact on a podcast format like Joe Rogan's with his reach, curiosity, open mindedness and influence.

  4. Powell unknowingly helping the Trump administration.

  5. XRP! The Rippening cometh! It’s sick it’s piss.

  6. Like the USA flag displayed.

  7. Rambo 💪🏽🙌🏽🇺🇸

  8. @financeeconomics1057

    I don't understand the logic behind cutting rates. They should have just left them where they were. Further rate cuts are not needed.

  9. DOGE oligarch input could be beneficial, in some areas, but we all know it will mostly benefit the industries closest to these two players, Musk and Vivek, and maybe a few of us, by association

  10. What I'm seeing is a sea of Red Ink, bankruptcies, store closings, massive and chronic budget and trade deficits, a polarized income and wealth mal-distribution, soaring poverty in the underclass, a debased Middle Class, A.I./robotics revolution that will displace tens of millions of people, a stock market that's had a bull run for fifteen years, a consumer base saddled with debt, unaffordable rental prices that are clouding out disposable spending dollars, you say the market run remains unaffected, I say this thing is unsustainable!

  11. Why did you delete my response to your comment yesterday? I'm trying to help. It's a shame if you're taking constructive feedback personally.

  12. Bullish in stocks.

    You were bearish 2-3 months ago.

  13. MMT = Inflation is ticking higher. NO rate cut.

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