HERE'S WHY INVESTING IS MANDATORY! (Trappin Tuesday's) Wallstreet Trapper
Trappin Tuesday's
Wallstreet Looks Like Us Now Network
4.9 β’ 2K Ratings
ποΈ 16 July 2024
β±οΈ 14 minutes
ποΈ Recording | iTunes | RSS
π§ΎοΈ Download transcript
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| 0:00.0 | Every bad decision that our government makes you become responsible for it financially. |
| 0:07.0 | Okay, let me go a little further that. |
| 0:10.0 | Every bad financial decision all government |
| 0:13.0 | makes the American people bear the burden of it. |
| 0:17.8 | Jerome Paul says he's confident or you. |
| 0:21.9 | Jerome Paul says that the Fed has made quite a bit of progress on inflation but needs more confidence before cutting. |
| 0:30.0 | So I wrote this down in my phone. |
| 0:33.0 | Jerome said, and I just be right, like I write stuff down in my phone |
| 0:39.0 | while I'm listening to the meeting and I never get the writer down here all the time. |
| 0:43.6 | So he says, the trend of disinflation appears to be resuming. |
| 0:48.7 | So if you don't know what disinflation is, disinflation is the slowing of the pace of price inflation, meaning |
| 0:56.6 | prices are coming down, even if it's one cent, prices are coming down. |
| 1:02.0 | Right, he says he needs to be more confident before reducing rates, which means giving us a rate cut. |
| 1:08.0 | He says the Fed doesn't see 2% inflation this year or next year. |
| 1:16.3 | That's big, right? |
| 1:17.9 | Now y'all know my thing. |
| 1:19.8 | I've said this for a while. |
| 1:21.1 | I don't think we ever need to go back to 2%. I think the new normal needs to be 3%. |
| 1:27.0 | Right? I think the new normal needs to be 3%. But for some reason they think that 2% is the gauge. Now here's what I do |
| 1:36.7 | know. Here's what I do know. Watch this. The ECB, which is the European Central Bank, has already started cutting rates. |
| 1:49.7 | Banks around the world, Central Banks around the world, are going to start cutting rates. |
| 1:56.1 | That is going to force America to cut rates because they're not going to want the American |
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