Everyone IS SCREAMING FOR AN EMERGENCY RATE CUT…

[@MichaelBordenaro]

Debt Collections EXPLODE AS MORE PEOPLE DEFAULT! kzbin.info/www/bejne/mnemYWZ5Zpd_b68

[@AliasHSW]

Recognize it is SF in the thumbnail and the first second into the video! You’re on Anza.

[@brandoninhofer6592]

The same people who say, "This is the best economy we've seen" are the same ones who said, "This is the best version of Bi den we've seen."

[@aymanhawari2589]

rates need to go up not down

[@kathyschlect4852]

Thanks for making your video TODAY. Glad you got to visit San Francisco. This way you get to see your fan base in California you’re a Rock Star..!!!

[@1weatherham]

Your wife should be in this video... she is the perfect "Flower Child"....🎉😊

[@michaelschiemer3]

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

[@Rachadrian]

I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.

[@Dantursi1]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K

[@CindyValenti]

impressive gains! how can I get your advlsor please, if you dont mind me asking? I could really use a help as of now

[@Dantursi1]

Annette Christine Conte is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@CindyValenti]

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

[@SeanTalkoff]

Wow, another rate cut? Just when I thought my emergency fund of 234k was safely sitting pretty, now I'm tempted to dive into the inves tment pool. But where do I even start? Anyone else feeling the itch to make their money work harder?

[@mikey43221]

navigating market volatility can be challenging, it might be beneficial consulting with an advisor to provide personalized insights based on your specific situation and financial position

[@SteveDutton-v]

No doubt, getting proper financial advice is invaluable, my port folio is well-matched for every season of the market and just yielded 120% from early last year. I and my advisor are working on a 7 figure ballpark goal, tho this could take another year.

[@tmer831]

How can I reach this advisers of yours? because I'm seeking for a more effective investment approach on my savings?

[@SteveDutton-v]

'Sharon Ann Meny' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment

[@tmer831]

Just looked up Sharon after seeing your comment. She seems like exactly what I need to succeed in my financial journey. Thanks for the recommendation!

[@Peterl4290]

What I don’t understand is, on one hand we are told the stock market will crash and yet on the other we are told ways of investing in the stock market. Oxymoron or paradox? I'm considering investing over 150k, but I'm uncertain about risk mitigation strategies.

[@Mrshuster]

Not a great April so far but if you step back and actually look you will see the S&P 500 was up for the first Quarter. In the last 30 days, my IRA saw a gain of $70k. You might also consider financial advisory looking at your capital

[@larrypaul-cw9nk]

The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds.

[@sabastinenoah]

I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advisor? I'll be happy to use some help.

[@larrypaul-cw9nk]

Annette Christine Conte is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment...

[@sabastinenoah]

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

[@oneillbilder]

The continuously changing economic conditions in our society have made it necessary for thousands of peopleto find additional sources of income. Personally, I am looking at the stock market to fuel my retirement goal of $2m, my concern is the recent market crash.

[@Martina-Alan]

buying the dip has proven to be profitable although for majority, the solution to their problem can be found only in specialized knowledge hence they seek guidance from well experienced advisors

[@DallisonScramosin]

Agreed, despite my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k, and I've so far made a fortune. I'm now buying real estates, gold and silver as advised by my FA.

[@EllenAbrex]

truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

[@DallisonScramosin]

Vivian Jean Wilhelm is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@EllenAbrex]

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

[@redtiger7268]

Some of the people calling for a rate cut are also those that have demanded socialized losses and privatized gains.

[@bobkent2334]

Sadly, a lot of the people demanding an interest rate cut only want it so they can borrow more money to go even deeper into debt.

[@iworkout6912]

The old song 'One day older, and deeper in debt.'

[@MarkShinnick]

Perfectly said.

[@hahamasala]

It's more like the wealthy want their stock portfolios to go up more.

[@jurassicthunder]

companies*

[@Tripp216]

People wanna keep up with the joneses until they find out the joneses are broke as well

[@freddyparra4880]

Lmao , true.

[@tubenachos]

😂😂😂❤

[@KaliBahayKubo]

"GENERATION JONESES" Hell yeah the best of the "BOOMERS".

[@BREEZYM6015]

Now you tell me! 😂

[@shiningunknown01]

The best explanation.

[@dannyboii_reps]

Corruption everywhere and we’re just here suffering. Nothing has changed

[@everss02]

I need an emergency raise, not a loan

[@jasonneugebauer5310]

Best comment I've seen today.

[@patrickm6012]

Talk to your boss.

[@thejuicerr]

Your skills dictate your pay

[@twobitsandpepper8235]

@@patrickm6012 They don't care, they're too busy giving huge sign on bonuses to illegals.

[@thebadassofthewest6022]

@@patrickm6012Their excuse is they blame corporate for not giving you a raise.

[@georgeallen7667]

They can lower the rate to zero..... I am NOT buying anything. Houses, cars, etc. Nothing!

[@sandywest7664]

They can lower the rate to o% and the average worker still cannot afford these homes for 2-3-4-5 hundred thousand dollars. Most can't buy groceries and the government thinks they can buy a home, what a joke,maybe the millionaires can, but not the rest of us.

[@joy4118]

That is the problem. The less than 1% has stolen pretty much everything and left 95% to fight for the crumbs in the USA.

[@nicolasgirard2808]

Definitely not true, if mortgage rates returned to 3% then a 300k house is plenty affordable.

[@ihunt12903]

@@nicolasgirard2808not that easy to find 300k house near a job that pays enough to afford that house .

[@marcofluff]

​@nicolasgirard2808 then the 300k becomes 500k house

[@stanmarcusgtv]

lowering rates will make homes even more unaffordable for most

[@taino1642]

1.6m and you still share a wall with a neighbor. No yard, no pool, no way

[@HarrisonCountyStudio]

Where I live, a 1.6 million dollar property would be 800 acres with free natural gas. I’m 3 hours south of Pittsburgh

[@lawrenceteft7209]

Yea but you can tell by the red painted garages and doors your neighbors are Chinese so probably won’t have to listen to them playing rap music all night or harassing your kids.

[@StrategikMedia]

Welcome to S.F. that's luxury right there man!!!!

[@occupytosavetheworld]

@@HarrisonCountyStudioyeah, you get all of that because you have to tell people "I love 3 hours south of Pittsburgh" lmao

[@alexeybazhukhin1786]

not 1.6, it was sold for 2.150, a tad more over asking price, I guess because nobody wanted it. and BTW typically those properties might have a very nice yard behind the house, I havent checked this one tho

[@borlanderobertson5666]

No cuts will fix this mess. I think it will take a giant meteor to fix our economy 😢😢

[@zachlafond2652]

see apophis. keep an eye on april of 2029

[@lionesslisa8000]

I’m betting on Godzilla. ☺️

[@eheheh3263]

@@zachlafond2652 the 18 year cycle

[@borlanderobertson5666]

@AluraCreative lol FR FR

[@johngund9921]

Yes, a meteor full of gold!

[@cdjudd85]

The amount of gaslighting we deal with daily in this country is sickening.

[@operationretribution1263]

If the rates get cut, there will be massive hyperinflation to the likes we've never seen.

[@bpb5541]

Agree but may I add it will be at the time the economy is falling because folks can't afford anthing.. also know as Stagflation... Horrible.

[@Lonovavir]

And to think, back in 2019 some people thought we were heading towards a new roaring 20s. Instead we went skipped to the late 70s.

[@rockpadstudios]

I agree

[@Horatio1886build]

@@rockpadstudiosyep, and just because some one offers you money at a lower rate doesn't mean you should run out and in debt yourself. Again!

[@rockpadstudios]

@@Horatio1886build I've been saving since my early 40's after my divorce almost wiped me out. I did get super lucky to buy my house at 3% and at a good price. Nothing like my 1st house $48k and 7.5% interest.

[@ThePerfectSeason1972]

Federal and Local Government officials need to take a 25% pay cut. Taxes need to be reduced by 35%.

[@marblox9300]

Agreed, gov workers especially police and teachers get paid way too much.

[@twobitsandpepper8235]

@@marblox9300 Yet they apparently can't afford anything. They keep raising the property taxes every damn year, yet no roads are being fixed and I still have to buy Kleenax's and all the things needed for the classroom and teacher rather than what my kid will use cuz they apparently "don't make enough".

[@scottyoung1489]

UnFunded Pensions just in California is 250 Billion in the Red. Funded pensions is good, UnFunded pensions is criminal.

[@josefj1776]

That sounds great we pay the highest taxes of every nation just 4% on 187,000

[@rrssmooth6643]

Just love your videos, no nonsense, no music, no drone footage. Just plain information.👍👍👍👍

[@kathyschlect4852]

No kidding

[@funoh1]

Screaming for an emergency rate cut is like screaming for more skyrocketing inflation.

[@JFEnterprize]

Like a hit of crack. They’ll scream for one more as the addiction gets deeper 😮😢

[@mikesmith6461]

Bankers are always the problem

[@Technotranceism]

Well, a typical strategy, is to fight inflation, by implementing inflation. Sounds like an oxymoron, but it does make sense.

[@diegoharo7943]

The rate at which inflation increases had been decreasing since mid 2022. It’s now about 2.9% so it’s at what’s considered normal inflation rates (2-3%)

[@diegoharo7943]

By how much do you think they will cut interest rates

[@MM-kk8uh]

The audacity of always wanting to win even at everyone else's expense is reprehensible.

[@r1cburton]

That is the American way!

[@Matt-iz8wf]

What's good about already being poor is when it goes bad your life doesn't change much. Everybody else is running around freaking out they can't afford Starbucks.

[@ildyivy]

Yea the more u have to lose the more it will hurt.

[@asullivan4047]

Who in their right mind deems star bucks a necessity-???🤔. Moron's not in their right state of mind-!!!😵. An initial investment will purchase needed items to make ones own star bucks coffee-!!!🤗

[@danettewelborn5577]

True

[@kathyschlect4852]

So true. But Starbucks customers are panic stricken.. don’t know what to do.. Drink more French Roast

[@YMagoulo]

I paid six bucks for a cup of coffee today, not Starbucks, however I still feel like such a fool.

[@davequige5732]

Let's face it, Americans have been spending way more then they earn and been getting a free ride with low interest rates, That's what's made inflation. Stop buying over priced cars, Have a budget on food cost. Pay off your dept! That's the answer to a better economy.

[@DarkLensDiaries]

True. Been through an airport lately? Every flight is packed. Families, wheelchairs, young, old. People are spending it up.

[@twobitsandpepper8235]

People will keep paying no matter how expensive things like houses and cars get, because unfortunately they're stupid. I went to get school supplies for my kiddo today and counted probably 150 brand new cars on the way there and back. Don't expect prices to ever come down.

[@deborahheckstall1881]

​@@DarkLensDiariesMost people fly economy flights and look up discounts and have flyer miles that's how airlines stay in business.

[@burmy1552]

Predictable gaslighting in an election year.

[@patrickm6012]

Exactly

[@diegoharo7943]

Other than inflation the economy is doing FAR FAR BETTER than when 45 left office

[@deelehey2827]

Thank you for exposing this administration’s lies.

[@manonmars2009]

I remember interest rates in the early 1980s were 21% for a 30 year mortgage. A bank CD paid 16%. That was a rough period of time. If you had money to invest in a CD and no mortgage, you made out like a bandit.

[@ws775]

18% was the high point.

[@patrickm6012]

The 80s were a bad time from a real estate perspective.

[@marblox9300]

@@patrickm6012 But it kept prices low.!!!

[@AshleysBallistics]

These people are literally begging to kick the can down the road! 🥴 Eventually the cans gonna hit the wall

[@ihytvm]

Yeah, but they just wanna buy time till Trump gets elected if he survives the next assassination attempts and their fake-ballot cheating scheme fails!

[@xro1983]

The can has turned into a keg

[@charlesmak534]

And then the foot kicking the can will also hit the wall.

[@shaunpearce6846]

They'll do what they always do. Make our children pay for their losses while they run away with the profits.

[@MeEncantaKiley]

Eventually a bum comes a long and picks that can up and recycles it….

[@kaputasri]

Its about damn time people learned to live within their means like their great grandparents.

[@tiffanygaming]

We need an emergency groceries cut..even with low rates, we still can't afford to buy a home.

[@walterp1028]

While I agree, grocery cuts would mean less for the farmer unless we have cuts across the board. Diesel price for running tractors, feed prices, fencing materials, are all sky high as well. Farmers are already going in the red all over the country.

[@Incab]

That just puts grocers out of business. Eliminate food tax if the state has one is about all you can do at the end of the chain. Energy costs affect food prices the most. Going green has always meant higher everything costs.

[@TravelTechie415]

you will never be able to afford a home when the price is connected to a grift, than comps, Flippers asking 3x-5x from 3yrs ago. An economic down turn is much needed.

[@d_all_in]

I know this is a joke but the last thing we need is the government stepping in to control prices by law

[@TravelTechie415]

@@d_all_in the government already imposes price control on some food and energy products, but nothing on housing, that's what we need - but won't happen - too many special interests at play

[@geckster109]

Asking for rate cuts while complaining about inflation is like drinking sea water because you are thirsty.

[@KorHiOfficial]

💯 %

[@eyesuckle]

Ooooh. Nice analogy!

[@diegoharo7943]

Inflation rate is 2.9%

[@twobitsandpepper8235]

@@diegoharo7943 Not really, that is a lie.

[@tammyturowski6703]

Ty cnn ​@@diegoharo7943

[@haldriver1378]

We need an emergency HIKE.

[@TheInternetComplaintDepartment]

I did the math in my "Poverty Pill" piece: if you're not making at least $60k a year in America, you cannot afford an apartment on your own. That's roughly %47 of America. That's also just breaking-even, not doing well. And when these companies take out loans to make payroll, they are robbing their employees via the inflation created by fractional reserve banking. This system is broken.

[@thethoughtfulpeanut6662]

Yeah, I did that math and decided it makes more sense to live with my folks than rent a closet space for 2/3 of my monthly income. That's obscene. I'd rather bank the cash and be able to have a life (and a decent quality of life) outside of work. I've got no debt either. I choose to live within my actual means.

[@prebenolsen8671]

@@thethoughtfulpeanut6662 This! It's insanity that a core family of 2+2 requires 3 homes. So that's 4 people enslaved in depth. Hope my kids see this and stay home and save up.

[@Nativo2202]

I'm sure another bailout is on the way so CEO's get some more bonuses while everyone else is laid off

[@kathyschlect4852]

Truer words never spoken. CEOs cut people’s jobs and boom another couple million increase in their salaries .

[@twobitsandpepper8235]

Yep, that's another reason why there's no point in being loyal to your employer any more.

[@Usefullinformationphilippines]

When the rumor of a rate cut came out the dollar fell 1.7% against the Philippine peso. This is instant inflation. Every time rates are cut the value of the dollar will plummet. Higher interest rates are not destroying America. Inflation is destroying America. Cutting interest rates will make everything much worse instantly.

[@costcontrolaccounting4613]

There is no reason at all for an emergency rate cut, the Market is not a reason to do anything. Inflation, r4eal inflation, not the government edited and adjusted numbers are a lot closer to 6% than anyone seems to realize. The problem is the Government and the insane spending.

[@warddc]

There’s no reason for a rate cut. It should go up if anything. Banks need to pull back on credit as well.

[@momomama2510]

If they do an emergency cut. It would 100% have the opposite effect and would actually crash the market for real.

[@commonsense6967]

Nobody is screaming for a rate cut, because rate cuts add to inflation rate!😮 (DUH!)

[@josefj1776]

You are correct inflation under Obama was 25% and under Trump they increased the rate and inflation his first month fell to 1%.

[@gooserich3970]

That’s what’s wrong with America everyone wants a bailout when they don’t save their money…it’s like USA is a teenager it’s time to grow up and get it together…I say no cut.

[@networth00]

I've been saying this my whole life.

[@tommyebay]

Well said....!!!

[@codyeynon8467]

The Fed has already been quietly bailing out banks for over a year.

[@Incab]

And those of us who are savers have been screwed over hard the last decade with low interest rates. No cut is best moving forward.

[@bradleycortright6210]

Time for people to be financially responsible,for once in their lives HELLO!!!

[@steelisthemeal]

1.5 million to live right on top of my neighbors & only a 1 car garage 😂 Nope

[@charlesmak534]

$50,000 a year in property taxes.... **passes out**

[@IP0Monsturd]

I paid $1900 last year in property taxes and thought that was highway robbery.

[@networth00]

On my street in S Florida my neighbor pays just over $98k/year in property taxes. They paid $3m in 2023 then their house got reassessed at $5.1m. They also have several Lamborghinis, a Cyber, and several luxury cars... plus a big multi million $ yacht parked out back (we live on a canal). Property taxes on my house are $32k, insurance is $16k and we are moving out of the state in a few months. Their house is newer and 5200 sqft and mine is only 1400. I'm so over these high prices in Ft. Lauderdale.

[@glenn5692]

I moved out of the country a year ago after 66 years im doing much better I became a rock you can't get TAXES OUT OF A 😊ROCK.

[@wasidanatsali6374]

My property qualifies for a wildlife conservation tax break. I have 53 acres and as long as I don’t sell it or develop it my property taxes stay around $300. If I did sell or develop it within 10 years of when the tax break initiated, I’d have to pay all the back taxes at the regular rate. I always check for property tax breaks available in an area and challenge any new valuations. Most counties will knock some value off a new valuation just to keep people from complaining too much.

[@codyolson170]

I wouldn't want to live in San Fransisco and would never pay that much for that house. People are leaving California in droves. 50k for taxes I would pass out too!!!

[@queserasera1674]

Miomi was so sweet! Its so great to see such a kind smiling person.

[@sugarlien]

Japanese are sweet people.😊

[@cmasters007]

Rates still need to go up !

[@diegoharo7943]

Why?

[@twobitsandpepper8235]

@@diegoharo7943 So people stop spending and we can get inflation under control.

[@diegoharo7943]

@@twobitsandpepper8235 it is under control it’s been decreasing since 2022, right now it’s about 2.9#

[@diegoharo7943]

@@twobitsandpepper8235 2.9%

[@diegoharo7943]

@@twobitsandpepper8235 what most people don’t realize is that inflation is a normal constant, usually 2-3% and it’s cumulative

[@sargepent9815]

The Fed has two choices, and both are bad; cut the rate, which will crash the market and cause skyrocketing inflation OR to NOT cut rates, which will fight inflation but destroy the economy when consumer spending stops. The big issue is that the US economy had gotten hopelessly addicted to cheap debt. For almost 20 years, the rates were artificially low. But this and printing TRILLIONS of dollars has now led to the worst inflation since the 70s

[@marblox9300]

STOP punishing the savers to reward Real Estate and Wall Street.!!!

[@sherrryann]

I saw a husband & wife both got laid off from a John Deere factory on the same day. They won the worst case scenario lottery. I pray their severance lasts & they find something else because can you even imagine!?

[@tammyturowski6703]

All eggs in 1 basket? Bad decision.

[@Rightround0846]

Your fan was so pleasant and had a beautiful soul!

[@Lisithedogwalker]

🙏

[@JFEnterprize]

Def not like New Yorker ones 😮

[@marblox9300]

Lower rates do not shoehorn lower tired people into houses. All they do is end up raising the prices.

[@sunso1991]

It's always great to see people in the street come say hi!!!!! It brightens both people's day!

[@scotchfike21]

People need to take ownership for their downfalls. Having a $800-$1000 car payment is just financial suicide in my opinion. Pay yourself first

[@Penny.22]

We do not need the rate cut

[@faustinreeder1075]

Interest rates should be 18%.

[@johnnagle7702]

Maybe even higher as should be above the level of price increases

[@ytrefugee113]

A rate cut at this point is only going to do more harm than good. There needs to be a substantial transformation within the economy. It is going to hurt, we are going to end up in a depression, the only question is how bad is it going to be, and the longer people try to pretend it isnt coming, the worse its going to be when it does come.

[@walterp1028]

Exactly. This is what I'm honestly hoping comes sooner rather than later. I love my job, but I'll risk it all if we can get a better economy once through it.

[@barnabusdoyle4930]

We do need a serious change to how our economy works, but raising interest rates is not going to be what does it. What needs to happen is all lenders need to heavily restrict lending of all kinds. This can be done by forcing a much higher asset requirement for reserve fractional lending. This will restrict the actual money supply used by Americans, the use of debt. This is what our system needs and it will be a hard pill for businesses to swallow. Remember, in March of 2020, the Fed changed the asset requirement for bank lending down to zero. This is the real expansion of the money supply.

[@richardcranium3579]

@@barnabusdoyle4930internet rates have always worked to slow inflation. Banks will slow down lending because many will not apply. Problem solved. The endless printing has to stop.

[@MarkShinnick]

Right on.

[@diegoharo7943]

The depression happened in 2020

[@otisshaw1]

If you look at EVERY Single inflationary period, with raising rates to control, always had a rate cut at the top, this always followed by a crash, this going back to 1929 depression!!!!!!

[@anthonystrait1643]

Pretty sure the system is broken beyond repair. Greed influences everything now.

[@HarrisonCountyStudio]

I blame politics

[@Daniel_Bradford]

Greed always has. Eventually it will correct to where they can’t keep making it someone else’s problem.

[@Elina_H]

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[@patricia_nura3378]

With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.

[@leonardives1991]

With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.

[@WEi45635]

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@leonardives1991]

Jennafer Beaver Turner is the licensed advisor I use. Just research the name. You'd find necessary details to work with to set up an appointment

[@WEi45635]

Thanks, I looked her up on Google and was very impressed by her credentials. I reached out because I need all the help I can get. I've scheduled a phone call with her.

[@Jaysun11B]

An emergency rate cut would probably cause panic in the market. That’s not something the FED just does casually without a really serious reason.

[@bluesteel48]

This is basically becoming another Great Depression. It’s just that there are a lot more rich people around this time to whom it will be little more than an annoying inconvenience.

[@bonniemartenez5294]

Those driverless cars scare me. ✋

[@chrism5859]

Cars with drivers scare me. Crazy human drivers are more of a danger to themselves and everyone around them, then driverless cars could ever be. Humans are a constant risk, while the software and AI that driver automoated cars only keeps getting better. That said, I still want to control of driving the vehicle - I like my older pickup trucks.

[@domxiong9173]

But driverless cars are also controlled by machines and AI, which are also controlled by humans!

[@d_all_in]

​@@chrism5859 the data shows that systems like autopilot are in fact more dangerous than humans at the moment. I'm sure they'll get better though.

[@chrisalley6282]

@@chrism5859 Wrong! Each driverless car is its own entity. The entities always have to take in input and communicate with each other. There will ALWAYS be latency in that process. Driverless cars are NOT SAFER than traditional cars.

[@chucklohn522]

It's all the damn rate cuts that got us into this mess in the first place. Same as Japan and now they are stuck.

[@mysteriouse5891]

I've lost $800 a month to inflation. It hurts.

[@twobitsandpepper8235]

I quit my job to be a sahm because it's actually cheaper to not work, believe it or not. Most of it was going to taxes, gas, insurance, daycare, coffee/breakfast/lunch, vehicle wear and tear, healthcare...etc.

[@daltongaither2345]

I feel like people of my generation have it rough. I graduated high school in 09 have been just absolutely walloped. When you started to actually get money the pandemic hits. Then bam inflation hits. If people are paying 3ish percent of their income for 15 year what do you have to show for it. I guess I should have been saving 20% and living out of a box this entire time.

[@BV-Auto]

No more bailouts!!!

[@bovnycccoperalover3579]

When I bought my apartment, my interest rate was 7 and 7/8. Rate cuts aren't the problem - it's the high government debt. We've also had inflation in other decades. In the late '70s, inflation was so bad, that everyone got into money markers paying 17% in interest rates! History always repeats itself, however, we've never had such massive debt until the 21th century and we are definitely in uncharted territory.

[@patrickm6012]

It’s the real estate industry that has messed with us over the many years. They are the devil to be dealt with.

[@pnlfinance9650]

I want higher rates! I have been loving my HSYA and CD yields.

[@xanderz161]

Emergency rate cut means recession.

[@s99614]

Interest rates are too damn low!

[@vincentortega4284]

99614, your correct, rates need to go up higher to kill this inflation.

[@arandmorgan]

Yes.

[@The111Primagen]

Interest rates are too low AND prices are too high. But the only way to fix both is to root out corporate greed.

[@freddyparra4880]

Many low interest rate addicts. The high rate detox medicine is causing a lot of withdrawal symptoms.

[@bradbradshaw-i4n]

exactly. the last few years are not normal. in my 70 years the average is higher than what has been going on.

[@jodrhh]

No rate cut, nobody is coming to save you this time. Prepare yourselves to lose your home and your car. You’ll own nothing and you won’t be happy.

[@starsapphirelee5714]

And if Harris wins, it will soon be a socialist-communist country. Nobody will own their home.

[@ebutuoy5088]

No

[@twobitsandpepper8235]

Yep.

[@danielle1103]

Thanks for sharing the driverless vehicle!! We had a client visiting San Fran about a month ago and he and his friend rode in one!! He said it was a very scary experience and does not recommend they become nationwide. An orange traffic cone can stop the driverless vehicle dead in its tracks 😂

[@JFEnterprize]

Buddy picked me up from the mechanic. A car went around the Amazon truck and our vehicle slammed the brakes 😮 if someone doesn’t have a belt on they’d go into the windshield. 😢 screw that noise 😒💥

[@sts242]

Emergency rate cut. 😂😂😂😂 These people weren't around during Jimmy Carter. These current rates are nothing. These individuals got way to comfortable with no interest rates, free money. Those days are gone folks.

[@samp4459]

I was around and guess what if you were a saver you could lock in 17 percent CD for ten years

[@aaronburdon221]

@@samp4459 Sheesh. I could almost retire just off of saving from that. lol

[@montymatthew1784]

Be better off with rates at 10%

[@Bethune98]

Nope...drop the prices

[@Curlyblonde]

The prime rate cut already happened in Canada by 0.5% recently. The National Bank caved into the pressure from unpopular Trudeau who wants to hold onto power any way he can, and the over-leveraged Cry Baby Debt Junkies. And they are still crying for more cuts. Somehow people think that almost zero prime rates were normal. Canadians are the most indebted people now in the G7. The Federal Hocus Pocus Policy People keep telling us our economy is healthy too. The Economic Sun is always shining here.

[@khagindratri6781]

FED is playing. There isn't going to be any rate cut. If they do, it'll be proof positive that FED is totally political.

[@OldLion64]

Most people need to read up on what the Feds job is. Hint: It has nothing to do with managing the economy or stock market.

[@juanvaldez7279]

I data shows cuts this year and if they don't to not look political would be political.

[@sabine51000]

Everything is politicial. Some how some way and the rich are behind it.

[@chrisalley6282]

@@OldLion64 Also, who owns the Fed? Hint: not the taxpayers.

[@sharonwalshthompson8185]

Love seeing all the beautiful architecture in SF. Thanks for taking us on this lovely walk.

[@iworkout6912]

As long as you stay away from the downtown business and shopping area, you will see some nice homes, if you can afford any of them, price and taxes and insurance. And have lots of steel gates on your doors and windows.

[@albertsimmons2743]

People are losing everything and no emergency response from the government.

[@twobitsandpepper8235]

They're responding by giving it all to illegals.

[@totallyrealcat4800]

A lot of those houses you walked past look empty, like there is no furniture or decorations on the windows. But there are parked cars. It looks like they are rentals or investments or something.

[@timmatthes9137]

Wow..... Very Nice that she went a little out of her way to say "Hi" . Such a soft spoken polite lady. I trust that the vast majority of all Japanese are just like her in their countenance. (fan from Sunny not-at-all-desirable Southern California)

[@e4t662]

As evidenced by what happened on Monday, certain people realized that a depression is inevitable and lipstick on a pig doesn't work.

[@robertcovino4889]

The bag of tricks won’t work as well as they have in the past. The level of debt is beyond unsustainable and the purchasing power of the dollar is disastrous for the average citizen. This can’t end well, I don’t understand how anyone can think it will 🤷🏻‍♂️ have a great day everyone 🍻

[@sickpuppy575]

We can't even afford the interest.😂😂

[@TimeToBeKind]

A friend of mine called me from his Driverless car. He told me all about it, so I asked him to fart, just to see if the windows open automatically.

[@francismarion6400]

Rate cut is what the banks want. We need higher rates 10-15% for 2 years. Help Americans Save Again!

[@CloningIsTooGoodForSheep]

The government could only afford to do this if they found a way to refinance the debt at a much lower rate. If they could then I agree higher rates and a tax system that encourages saving would help the situation long term.

[@gamble777888]

Wpuldnt the banks benefit from higher rates?

[@jonathantaylor6926]

Just wait until we get a "hotter than expected CPI report". That's when the chaos starts.

[@jefffoster3557]

Too late for all that...get a grip.

[@cpufrost]

Imagine what the interest payments on the 34 trillion debt would be if the rates were >10%.

[@JaneaLogan-ul7kc]

I m seeing ppl in Walmart & TJ Max putting school supplies. So some are Maxing out their CC out of necessity. Energy high, food high, gas high!!! Our Govt is out of control and hurting the Seniors, needy, and families!

[@user-mr4bx1ld2p]

Not everyone who uses a credit card are maxing it out. I use mine all the time and pay it off each month and enjoy the rewards.

[@elelectrotech9374]

even at 0% the insurance and taxes will make it a no go.

[@josephguastella8037]

We need to work harder and pay more taxes so we can bail out the Elitist 😢

[@twobitsandpepper8235]

Nope, I quit.

[@CorporateShill66]

San Francisco RE is nuts. $1.6M for a row townhouse

[@bpb5541]

For now.. I think in 2 years that gets cut in half.

[@SirChocula]

A fool and his money will part. No normal functioning person should want to be in SF, much less for that ludicrous amount of money 😂

[@joycedudzinski9415]

NO. You got yourself in debt, you can dig your way out.

[@bpb5541]

Can you tell that to the Government?

[@JustJaneOYVEY]

I believe thise families in need of a home should have first dibs when the rates go down...Im sick of big corporations buying up homes then outrageously raising the price...

[@francismarion6400]

Easy. You build a house with your own sweat and capital and give it away to whomever your sweet little heart desires!

[@bpb5541]

Agree, but that is not how free market captialism works.

[@breadnaut3087]

​@@bpb5541we dont have anything close to "free market" capitalism. We live in corporate feudalism.

[@bpb5541]

@@breadnaut3087 i agree with you. I think we live in a socialistic country under the guise of capitalism... really bad. Best of luck to you.

[@marblox9300]

All real estate housing should be owner occupied by law.

[@user-sj9te9qp4r]

They dropped the rates here in New Zealand today so it’s world wide guys

[@oteliadavid7507]

Thanks for sharing your talent with us!

[@allreadynotinuse4169]

Over last 4 years my landlord alone has taken every cent of a raise I’ve gotten. Went from 600 bucks for my one bedroom apartment in 2020 to 1000 bucks now. I have 100% not that much in raises. And that only my apartment everything else has also gone up no less than 25% in last four years. I sit down and do the math but I can’t afford a shrink to cheer me up afterwards.

[@mikesmith6461]

In az it's 1500. For 1 bdrm apt.

[@Avtr44]

Maybe you can find something reasonable. Never give up. Look around. A landlord willing to negotiate.

[@cosmiccometchichi]

Sadly he may still lose his place. SMH

[@ebutuoy5088]

Good for your landlord

[@twobitsandpepper8235]

Try beer, it's cheaper than therapy.

[@davidkess2405]

248 views 3 minutes ago.. Better than CBS News in Boston... Just saying

[@davidkess2405]

CBS Boston @cbsboston•240K subscribers

[@bobbysmith1170]

I just paid my car insurance and called them to ask how much it went up they said 21 percent

[@commonsense6967]

Too many illegal tresspassers driving without licenses and causing accidents.

[@wayneburch3775]

Mine went up 57 percent 😢

[@campervan7354]

34% here in 1 year

[@twobitsandpepper8235]

Get liability only, or try going without but never getting pulled over.

[@kevinpratt-ge5ye]

Me and the wife were going thru some old paperwork to get shredded. We found the info from our first house. In 1990, the interest was 12.9 %. 😂

[@karaburch7611]

Exactly. And the price of your home was probably 80,000

[@warrencrawley8300]

​@@karaburch7611California at that time homes in Riverside County in Orange County we're running about 110,000 to say 150,000. I bought my first home on my VA it was 12% for 130,000

[@MrSean03839]

​@@karaburch7611 Adjust 80k in 1990 to 2024 dollars to get an accurate comparison you are trying to make.

[@ihunt12903]

@@karaburch7611exactly lol people talk about high interest rates in the past and I'm like and how much was that on ? And how much was that compared to your salary ?

[@Mr_BUSINESS_24_7]

​@@ihunt12903 $100,000 home $100 per month in property taxes, 12.9% $66 per month home owners insurance, 5% down payment. $1200 monthly mortgage. A good salary in 1990 would be $30,000 to $40,000 a year.

[@johnski676]

people need to be screaming for new asset backed currency and a flat tax.

[@marycollins8215]

Good point, agreed we don't need emergency interventions if everything is so great. Thank you.

[@redirectyourself]

Rates wont help renters who are breaking under 400% rent increases

[@floridamankyle5461]

NO! Prices will go up even more.

[@OldLion64]

Also, I still want to see you do that walk through Oakland. It will be the shortest and fastest video ever😂

[@Lisithedogwalker]

😂😂😂😂😂

[@SunnySunShine175]

TBH...I think we have been in a recession, No emergency rate cuts .

[@marsha58]

We have been in one since July 2022, they just changed the definition.

[@diegoharo7943]

⁠@@marsha58where have you been since 2020 where have you been

[@tammyturowski6703]

Since Oct 2023

[@user-te6xy7sf6o]

The fed is political. You are 100 % right on. Now there is a difference between a investor and a trader.

[@Italiangirlnj747]

Usa we in trouble