Jerome Powell has been warning the markets he will crush inflation through demand destruction. As August inflation still prints a crazy 8.3%, the Fed will continue hiking rates and keeping them high for much longer to destroy out-of-control prices. We are going to face extreme tightening conditions and asset prices are going to crash further. We have to believe the Fed. Markets are heading lower. We might be on the brink of a global financial crisis.
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✅ Timestamps & Chapters:
0:00 Powell Has No Choice
2:40 Inflation Is Truly Out of Control
5:23 The Perfect Excuse To Hike Rates
7:28 Rates Will Stay High For A Long Time
9:42 Everything Else Is Just Collateral Damage
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15 Comments
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Great stuff Sean! 👏 👏
I keep warning all my friends with mortgages. So far not 1 has listened to me. I started warning last year when they could have locked in to a fixed rate of 3%. Now the cheapest they can get is 5.5%. They still won’t lock in and now I think they will keep raising rates…..they could easily keep going to 12% or even higher. People will lose their homes over this.
I'm glad I paid off all my credit card debt earlier this year, right after the Fed announced the first round of rate hikes. Thanks for uploading this. 👍
Thanks Sean 🏆
Well low employment does not equal to stable prices. Remember is all about perpective and the narrative, how could Powell fight inflation when he is the cause of it. And call data driven, is as good as letting inflation run it course and noving so slowly.
Credit is no future
Hopefully demand destruction will continue with the United States as being the "STOCK" or "ASSET" and the world will replace the USA with a nation more worthy of association. If I was a nation, I would absolutely NEVER, EVER, EVER affiliate myself with the USa.. EVER. I unfortunately am stuck in this hell hole.
Hello Sean, really appreciate your great in depth view of the current economy.
Just a suggestion, perhaps maybe you could explore to have some different variety of videos in your channel by mixing it up by inviting a guest to come on your channel or maybe a live Q and A.
Hopefully will see you interact with another fellow content maker. 👍
in our culture said if you had no credit you are the rich so never ever take credit until hand-to-hand profit🤣🤣🤣🤣
in our culture said if you had no credit you are the rich so never ever take credit until hand-to-hand profit🤣🤣🤣🤣
As a half Aus/Singaporean living in Perth. I'm curious how the Singaporeans from the low to the rich have been faring from pre c-19 until now economically? Sorry for the question, Singapore issues are low on the Australian news priority.
I remember when inflation was well over ten percent in 1980 , The Election of Ronald Reagan fixed that .
I really do not understand how anyone could vote Democrat !
Maybe if you want a welfare check , food stamps or want to be lied too !
Good video !
A huge effort is underway to keep goods and services high. Yes I agree rising interest rates will bring asset prices lower. However the true cost of living is still rising measured in nominal terms.
That chart you showed of wages, is saying wages go higher in the future