If I Ran the Fed | TCAF 148

[@TheCompoundNews]

This episode is sponsored by Public. Make your savings work harder and earn an industry-leading 5.1% APY with a high-yield cash account on Public. Visit www.public.com/ to learn more!

[@jeffreyvolyn4529]

This is one of the very best episodes ever. I’m biased because I love Jeremy Siegel and he didn’t disappoint. I listen to him every chance I get. Josh does a great job interviewing and asking excellent questions.

[@cliffpeebles9705]

Josh deserves more credit as an interviewer. Great point Jeffery.

[@mikerusso7095]

Agree. J. Siegel at length beyond sound bites is awesome!!

[@JohnWilliams-dn6vt]

Nice interview

[@mclaughlin2008]

“That’s such a stupid chart” FTW

[@commonsense1014]

Prices rise 45 percent......time to cut rates lol

[@Allastrology]

J. Powell doesnt have a degree in economics HFS!

[@yan3109]

First comment boys

[@clint9470]

An unhinged Professor is the content I'm here for!!

[@Cars_and_Finance]

You guys got Professor Siegel to come on!? Incredible

[@alpaino-g9w]

Protect Professor Siegel at all costs!

[@WingofTech]

ENCORE!!! 🌹🌹🌹

[@harlyslamm2888]

From what?

[@supadave422]

Never clicked on a link so fast. I love professor Siegel, He's been right the whole time.

[@SMTraz]

EPIC SHOW! Thanks for this special guest. Professor Siegel is a legend.

[@johntakacs9460]

So I have to say this. I think the reason I appreciate this show so much is that you can actually learn things! I’m an old fart but I love to learn, prof segal was making a point and the look on joshes face was so thoughtful! He really thought about it he was learning, never stop learning. You guys have such great guests and I always learn something from them or you, don’t ever stop!

[@TheCompoundNews]

Thank you John! - JB

[@adijhamb528]

Josh Brown at 48:40 mark: "So is that your current price target?" LMAOOOOO, literally laughed out loud! you guys made my day

[@chri6393]

I love this man

[@MissMyRyan]

Josh is really at the top of his game, and, thankfully, has not lost his wonderful sense of humor…[Jay Powell’s background]…”a dancer, I think?”

[@timothymullen1584]

I think the reason I love this channel is they don’t do anything for clickbait. No doomsdays, world war 3 or nuke headlines . Would be easy for them to do it and get clicks and they don’t: much respect

[@timmyrd9610]

Professor Siegel is a national treasure. We’re so lucky to have him. I would have loved to of had him as a professor in college

[@voicification]

I had been waiting for the GOAT for so long. Prof Siegel! This is a real treat.

[@gpat138]

The master and his apprentice as guests. Jeremy Schwartz is a worthy guest on his own but he knew to sit back and let the professor cook.

[@ericfrith6358]

A) that guy is a national treasure B) nobody going to help Schwartz with his collar? C) what watch is Michael wearing? Looks nice.

[@photosbycain8919]

I noticed B too. Come on guys !!!!!

[@TheJermiester]

What a gem. Always great to hear from the professor.

[@whtmasterd]

Professor Siegel needs two mouths to get everything out that is running through his head. Great interview, so much in it, I need two brains to digest it.

[@cliffpeebles9705]

TCAF knocked it out of the park with Prof Siegel! First time hearing of the beverage curve. Has nothing to do with alcohol. It really makes sense that foreign stocks can be thought of as in the value category. I got a big laugh during the "favorites" segment. Thanks Compound!

[@joefloyd6606]

What I love about theses guys is that they share in-depth information and don’t assume their listeners are idiots .

[@cliffpeebles9705]

@@joefloyd6606 Yeah, like any financial segment on network TV. Are we a nation of 5th graders? Good one Joe.

[@RJ_ESQ]

Professor Siegel is a national treasure

[@aai2184]

One of the best episodes. A Legend! Thank you.

[@photosbycain8919]

always learn so much, keep it up guys.

[@yan3109]

Kept refreshing the page, video finally uploaded 🙌🏼🥶

[@DiFinni]

Love Professor Siegel, he has so much knowledge when it comes to the markets.

[@jjlugnut]

Josh and Batnick wearing the same watch. It's so cute.

[@rainerluthershelley5131]

Saturday morning 🌄. Coffee and The Compond. 👋

[@douangphanthavong5366]

Oh man, I’ve been such a big fan of the professor. Great show guys!

[@Atlanticmarketing]

This is a big one

[@MrDROCKINC]

The professor is incredible!

[@AnberThe]

I think we're expecting too much and soon for something to happen from raising of rates. The entire effect is of raising rates has not been realized yet. We need to calm down to really feel it. 1 - 2 years nothing, people can compensate or the rates. We need 4-5 years to see the affects in totality. House prices will come down. just give art time to work.

[@kirkdogg007]

Thank u josh luv the prof.

[@SeppiStiegler]

Siegel was tremendous

[@markhines]

Josh and Michael, your show is such a gift. Love the list of guests and your style of interaction. Siegel and Schwartz are among your best. Thanks to you both for what you do.

[@rgwei3521]

Siegel for president!

[@chrishayes7966]

So good

[@DONKALLSONG]

legend

[@lauracronk2876]

Greeeaaaattttt show. Learned so much!! Please have the professor back!

[@aces4873]

Prof Siegal is the goat 🐐

[@stevenbond4637]

first time I saw this Jeremy lad shouting on the news I thought he was a nut, he's brilliant, lol

[@sfpelkey]

Omg I love this man.. thanks Compound

[@Miggy2j]

Brilliant everyone, thank you

[@JAVAR11]

Great episode - prob my favorite! Bring back the Jeremies often please.

[@sabinathomas6314]

great show , a true legend, thank for sharing your insights professor!

[@willgarabedian5049]

Prof Siegel is modern must see tv!

[@apothe6]

I learned so much from this episode. As a boglehead I love how bears are seething

[@MJLU280]

Great one guys - I always try to listen to Professor Siegel. He’s been a voice of reason the past 4 yrs. Enjoyed his take on the 70’s vs this time period very educational.

[@rainerluthershelley5131]

The Buddha. Really appreciate his honed insight. Thanks for the show 👏.

[@davidlkleinman]

Amazing you got the Professor. When do we get Warren?

[@olivierdumoulin9497]

22:22 minutes and thereafter…wow …thanks for the knowlage

[@JohnKimmell]

Love compound and friends! This show was special! Thanks from small town va!

[@civano21]

Sitting on the beach in Bulgaria and listening to another great podcast

[@olivierdumoulin9497]

Another exquisite episode ! You guys rock 🤘

[@RobertPease]

One of your best episodes yet. Nice job fellas!

[@matthew.m.stevick]

Professor!

[@leslieremo2769]

Great Show Guys

[@MountainGoater]

One of the best episodes yet. Is it too early to ask for round 2?

[@elizabetha8443]

Did all the Ritholtz key guys get the Daytona? I noticed Barry had on when he was on w Jill and I see Josh and Michael sporting here too

[@pgvatter]

Elite episode.

[@DONKALLSONG]

Yoda is teaching his padawans in the Compound Cave

[@joefloyd6606]

Thanks for another great podcast , you guys share actual useful information. Having Jeremy Siegel is icing on the cake .

[@davidwysocki1004]

This was truly a spectacular episode. The Professor was fascinating to watch and listen to, and was quite profound. Bring him back! A big "thank you", Josh and Michael, for getting him on your show. Great stuff! Kudos to you both! (Jeremy Schwartz was a great guest, too.)

[@chrisg9343]

One of the best “Batnicks” of all time at 20min mark. Josh asks “why do you guys think stocks weathered inflation better….” Michael leaps in to answer “its the labour market!”. Siegel “…wellllll”. Gotta love Michael.

[@Buddy981gt4]

Wasn't siegele on cnbc saying we were on the verge of recession over 1yr ago demanding rate cuts? Curious to see how he is on this episode in bullish company.

[@no_goo]

yes but, sssssshhhhh

[@Anonymous-ld7je]

Didn't the chairman of the Federal Reserve tell us for an entire year as inflation ran rampant in 2022, that inflation was "transitory", and refused to raise rates? I like that we as humans impose greater standards of accuracy on "Dude who gives his opinions on CNBC" than guy who manages the most important central bank on earth. Why was Powell not fired immediately when it was obvious inflation wasn't "transitory"?

[@Buddy981gt4]

@Anonymous-ld7je umm Powell isn't on the podcast that I'm commenting on so I don't see the connection. Feel free to list everyone else then who has been incorrect who isn't on this podcast as well.

[@dagobaker]

professor ready to do 3 more hours lol

[@redbullmax662]

Great episode! Prof Siegel is the GOAT!

[@hamood3]

J. Powell the only one who hit the dislike button here

[@richardmarshall1707]

Excellent. Should have been another hour. My favourite guest.

[@Jeroendj]

Very high quality guests. Great show!!

[@MambaLMHS]

Need to have him on again. Could listen to him talk all day and so insightful.

[@jluther1755]

I watch every episode of TCAF, I Watched this one Twice 👍

[@randylynns]

Thanks for another great show!

[@JB-ty8vf]

Yes! Professor!!🎉

[@martytayman9138]

I’m actually a little surprised just how much I enjoyed this week’s edition. Thanks

[@6120orange]

Siegel was jumping up & down on CNBC over a year ago that the Fed should be cutting When they say CNBC is best watched with the volume down, I think of the Prof and wholly agree

[@DavidPorter-uu5bp]

Great show, guys. Thanks!

[@robertsanchez578]

This was a great episode!!

[@Ryan_Tinney]

What a treat! Thank you.

[@no_goo]

first playboys!

[@mrxquisite]

Siegel is such a legend

[@midwestcannabis]

Party On 🥳🥳✌️✌️✌️

[@sergeyyakubovsky7259]

Love when you have OGs on the show!

[@robthem]

Love how the guys slowly prod Prof Spiegel until he just pops off 😂. Legend.

[@kayodeola1493]

Siegel is the 🐐

[@MBoyer-ng6ok]

Compound & Friends Hall of Fame guests and all time great episode!

[@yuvraj94]

LETS FUCKING GOOOOOO

[@thetreeo9860]

Here you go!!! I am the US consumer. Make 125,000 live in normal cost of living state. I have a paid off house cars and no debt. 4 kids and I am beginning/am struggling. With no debt or payments I am better off than the typical American. There will be no trips for me. The economy will slow. I am taking vacations because they were planned and now can’t let the family down. THE ECONOMY WILL SLOW.

[@mikerusso7095]

How many guests have to tell Josh and Michael that it’s going to take years for NVDA to under perform? Josh is an awesome CNBC contributor but very stubborn on accepting we are in a new paradigm of growth and innovation. NVDA, AAPL, MSFT, AMZN are not comparable to any other point in history, bubble, timeline. We have a 5 year runway on NVDA.

[@beau6113]

if lowering rates wont give us inflation as evidenced by post-GFC difficulty in maintaining barely 2%, AND the money supply growth during 2020/21 caused the inflation... then that must mean there was no money growth during the post-gfc period, right?

[@mark_morse]

"Why didn't low interest rates cause inflation in the post financial crisis period?" Because aggregate currency was not excessive AND the technology/web/automation/cloud revolution was a strong, deflationary force. Even though inflation rate-of-change measurements are currently coming down, anecdotally inflation's MOMENTUM still feels very high. If the fed lowers interest rates rapidly, I think prices would continue to rise at a rate that the hard working middle class can not endure (whether or not the Fed's measurements are consistent with empirical outcomes). If, however, Republicans regain control and turn down Congress' money hose, then interest rates can be lowered rapidly without a resurgence in inflation IMO.

[@cookinthekitchen]

I dont know the financial aspect of this but a lot of the so called stimulus of the pandemic were government backed business loans so the money would drip back slowly into the coffers of the fed

[@markbell4320]

legend

[@zacsbarbellclub]

If I ran the Fed (imagine that) I'd sell all my bonds -- I love 'em, love 'em baby! Black diamonds and pearls (Could it be, if the rate declines, we'd both shine?) If I ran the Fed (Still living for today, in these last days and times)

[@darrendent8288]

This is what I will argue about J.Powell and the Fed. When were talking about the economy that went into instant recession after covid, the lower interest rates and definitely helped. However….. the buying of mortgage backed securities will be something that will haunt him and the rest of the fed members for a long time to come. So many young people being priced out of the current housing market.

[@olivierdumoulin9497]

Current price target of 350$ $NVDA 😂 best épisode of the year FOR SURE

[@matthew.m.stevick]

‘Stocks for the Long Run’ was one of the first books I read in my career and remains probably my favorite or top 3 at least. He also spoke at one of our lunch meetings at Merrill Lynch in Princeton years ago (2008) for Wisdom Tree so I got to meet him.