July Layoffs, Sharp Economic Downturn, Fed Rate Cuts | Morning Brief

[@scottabbinante98]

Behind every job statistic is a living soul trying to make ends meet.

[@Ricbender]

Very important thanks for reminding everyone.

[@tatersquad2000]

Hey Rick, it makes me happy to see your channel growing so much. Keep it up 💪

[@Ricbender]

Thanks my friend. Appreciate you.

[@jasonweishaupt1828]

I’ve been hearing rate cuts for the past three years. Believe it when I see it.

[@Ricbender]

Thanks for sharing.

[@Ricbender]

Thanks for watching. Please share your thoughts.

[@CrashBr0]

🎉🎉🎉

[@Ricbender]

Three... Thanks

[@michaelkugler9311]

Feds are talking too much….. something’s up or down

[@Ricbender]

They are always talking too much. Thanks for sharing.

[@1960rlv]

Could we have it backwards? Maybe we’re viewing economics from the wrong perspective, perhaps what we perceive as economic downturn is actually an economic uptick. Because I’m not formally trained in economics I have no allegiance to orthodoxy. I could be totally off base with this line of thinking but isn’t economics the study of the allocation of scarce resources? At least scarce resources should be a consideration in any economic study? No? When the root of our entire economic system is a financial/political machine feverishly working to eliminate scarcity how do you make any economic calculation? Maybe what we think is an economic downturn is actually an economic strengthening that will most naturally and assuredly, at some point, prove the folly of men. The curious task of economics, as the Hayek quote so eloquently points out. Just a thought

[@Ricbender]

I'm a fan/student of Hayek. The politicians (including fed in that group) make it folly. Thanks for sharing.

[@rjs7984]

Interest rates needs to be cut

[@robertbrown1021]

If rates are cut it will continue to increase prices because people will just borrow more money that will never be paid back... The job losses are terrible but we need a reset and it's too late we will have collateral damage.

[@rjs7984]

@@robertbrown1021 they have no choice not cutting rates will make matters a lot worse

[@robertbrown1021]

@@rjs7984 How will it make it worse? If inflation goes up it's going to hurt the next group of middle class people, We need prices to stop growing and we all are going to suffer but we need everyone to pay their debt down not increase it by getting lines of credit... I don't know what Powell will do but cutting rates is like taking a pain pill for pain it will only buy you a short relief.

[@Ricbender]

Thanks for sharing.

[@Ricbender]

Thanks for responding.