Larry Summers: The Fed Doesn't Know Where It Is

[@melissaryan5694]

My greatest happiness is the $64,000 bi-weekly profit I get consistently from my $15,000 investment despite the economic fluctuation.

[@laurenzachary8904]

Heard about Linda how good is she?

[@jaxonlincoln9051]

@@laurenzachary8904 For me i have been working with her for a year and four months. And I have been getting my profits seems legit to me.

[@laurenzachary8904]

@@jaxonlincoln9051 wow that's very nice Please how can i be able to reach out to your broker, my income stream is in a mess.please

[@jaxonlincoln9051]

@@laurenzachary8904 She's very active on What's Apk" messenger👇👇

[@jaxonlincoln9051]

@@laurenzachary8904 美国美国美国美国ကောင်းတယ် ┼𝟭𝟳𝟴𝟭𝟰𝟭𝟴𝟰𝟳𝟯𝟴 🇺🇸美国ကောင်းတယ်

[@age_of_reason]

$5 soon won't buy you a box of cereal.

[@wjpeaj8890]

Wrong! FED definitely knows where it is but simply can not tell the truth.

[@arvydasjonaitis2774]

⬆⬆ SEND ME A DIRECT MESSAGE RIGHT AWAY.

[@TheStartingQB]

Truly

[@sonsautomotive]

Summers is a great source of information...to bad the FED did not listen to him last year and we could have avoided a lot of this mess....

[@emufan132]

Being the shill that cares about elitist agenda, he forgot to look at the angle of significant reducing costs of everything via cheaper energy to bring down inflation. If we fully used our natural resources we would be able to bring down the cost of oil to $1 or less a barrel. But that would involve steps that will anger the phony Environmentalists who themselves have children and dont live a pure absolute minimalist lifestyle but fo pathetic token steps like buying an electric car or use a paper straw. We would have $99 per barrel oil of savings that go back to the consumer which would erase ALL inflation. But we would have to guarantee with a Law to that public drilling, mining...etc would be opened up and zero percent loans given to new frackers for a period of 25 years. The Futures market would have to reflect lower prices immediately as they are forward looking and there would be a rush into energy production thag would make the Gold rush look tame in comparison .

[@jolness1]

We could. Have avoided it being so bad but inflation was bound to spill out of assets like housing eventually

[@titusp9488]

Summers is good to have picked up on inflation ahead, but lets not forget the timing .... 2021 was only barely 6 month after 2020's 30~40% depression level of decline. With Summer's ideas of cooling too fast ... we may well have tipped over our economy into another recession as we are facing now. At least we have strong base to do the QT / Rate Hike. Without the economic base of 2021 ... what would happen would be a lot worse than what we are facing today! Get credit where credit is due (powell did a good job).

[@viirusiiseli]

@@titusp9488 That is patently false. Because the FED waited TOO long, now they face stagflation which sets an extreme level of difficulty in setting monetary policy. They could have gotten away with recession earlier. Now they have to fight recession and inflation at once, which is impossible. So they will have to fight inflation first, because they risk making it worse if not. That will make the mandatory recession much worse.

[@titusp9488]

@@viirusiiseli what is "that" you are referring to? Can you be more specific about "that" because you are patently unclearly about "THAT"

[@michaelmackey754]

I love Larry I think he is awesome and he knows exactly what he’s talking about

[@phil20_20]

They already gave a summery, so nothing in this report should have been a surprise. Modern Monetary Theory being, print even more money than ever before and let the ether absorb the cost.

[@arvydasjonaitis2774]

⬆⬆ SEND ME A DIRECT MESSAGE RIGHT AWAY.

[@RayMak]

Hope things will be better and everyone will have a chance to live a good life

[@arvydasjonaitis2774]

⬆⬆ SEND ME A DIRECT MESSAGE RIGHT AWAY.

[@jonathanjacobs1525]

THE GOSPEL SIMPLY REQUIRES YOU TO PLACE ALL OF YOUR FAITH IN THE DEATH, BURIAL & RESURRECTION OF JESUS CHRIST AND THE BLOOD HE SHED ON THE CROSS FOR YOUR SALVATION Moreover, brethren, I declare unto you the GOSPEL which I preached unto you, which also ye have received, and wherein ye stand; by which also ye are SAVED, if ye keep in memory what I preached unto you, unless ye have believed in vain. For I delivered unto you first of all that which I also received, how that… CHRIST DIED FOR OUR SINS according to the scriptures; and that he was BURIED, and that he ROSE AGAIN the third day according to the scriptures: (1 Corinthians 15:1-4) …And having SPOILED principalities and powers, he made a shew of them openly, TRIUMPHING over them in it. (Colossians 2:15) …That we should be to the praise of his glory, who FIRST TRUSTED in CHRIST, In whom ye also TRUSTED, after that ye heard the word of truth, the gospel of your salvation: in whom also AFTER that ye BELIEVED, ye were SEALED with that holy Spirit of promise. (Ephesians 1:12-13) For the hope which is laid up for you in heaven, whereof ye heard before in the WORD of the TRUTH of the GOSPEL; Which is come unto you, as it is in ALL the world; and bringeth forth fruit, as it doth also in you, since the day ye HEARD of it, and KNEW the GRACE of God in TRUTH: (Colossians 1:5-6) SALVATION CANNOT BE EARNED THROUGH WORKS IT IS A GIFT THAT GOD WILL NOT TAKE BACK …not of yourselves: it is the GIFT of God: NOT OF WORKS, lest any man should boast. (Ephesians 2:8-9) NOT BY WORKS of righteousness which we have done, but according to his MERCY he SAVED us. (Titus 3.5) And if by GRACE, then is it NO MORE OF WORKS: otherwise grace is no more grace. But if it be of works, then it is no more GRACE: otherwise WORK IS NO MORE WORK. (Romans 11:6) But to him that WORKETH NOT, but BELIEVETH on him that justifieth the ungodly, his FAITH is counted for righteousness. (Romans 4:5) But that NO MAN IS JUSTIFIED BY THE LAW in the sight of God, it is evident: for, The just shall live by FAITH. (Galatians 3:10) For Christ is the END OF THE LAW for righteousness to EVERY ONE that BELIEVETH. (Romans 10:4) …who hath saved us, and called us with an holy calling, NOT ACCORDING TO OUR WORKS, but according to his own purpose and GRACE, which was given us in Christ Jesus before the world began, (Timothy 1:9) …knowing that a man is NOT JUSTIFIED BY THE WORKS of the law, but by the faith of Jesus Christ, even we have BELIEVED in Jesus Christ, that we might be justified by the faith of Christ, and NOT BY THE WORKS of the law: for by the WORKS of the law shall NO FLESH BE JUSTIFIED. (Galatians 2:16) …Gentiles, who did not pursue righteousness, attained righteousness, even the righteousness which is by faith… but Israel, pursuing a law of righteousness, did not arrive at that law. Why? Because they did NOT PURSUE IT BY FAITH, but as though it were by WORKS. They stumbled over the stumbling stone. (Romans 9:30-33) But unto EVERY ONE of us is GIVEN GRACE according to the measure of the GIFT of Christ. (Ephesians 4:7) Now our Lord Jesus Christ himself, and God, even our Father, which hath loved us, and hath GIVEN us EVERLASTING CONSOLATION and good hope through GRACE, (2 Thessalonians 2:16) But not as the offence, so also is the FREE GIFT. For if through the offence of one many be dead, much more the GRACE of God, and the GIFT by GRACE, which is by one man, Jesus Christ, hath abounded unto many. (Romans 5:15) …they which receive abundance of GRACE and of the GIFT of righteousness shall reign in life by one, JESUS CHRIST. Therefore as by the offence of one judgment came upon all men to condemnation; even so by the righteousness of One the FREE GIFT came upon ALL men unto JUSTIFICATION of life. (Romans 5:17-18) THANKS be unto GOD for his unspeakable GIFT. (2 Corinthians 9:15) …GRACE be to you and PEACE from God the Father, and from our Lord Jesus Christ, who GAVE HIMSELF for our sins, that he might DELIVER US from this present EVIL WORLD, according to the will of God and our Father: to whom be glory for ever and ever. Amen. (Galatians 1:3) …ALL have SINNED, and come short of the glory of God…(Romans 3:23) BUT JESUS PAID FOR EVERY ONE OF YOUR SINS …PAST, PRESENT AND FUTURE… BUT YOU MUST TRUST HIM AND WHAT HE DID FOR YOU TO BE FORGIVEN! For this cause also thank we God without ceasing, because, when ye received the word of God which ye heard of us, ye received it not as the word of men, but as it is in truth, the word of God, which effectually worketh also in you that believe. (1 Thessalonians 2:13) …the holy scriptures, which are able to make thee wise unto salvation through faith which is in Christ Jesus. (2 Timothy 3:15)

[@arthurgol500]

75 basis points in september

[@janiekcarney5482]

Instead of people losing their jobs or being paid less for the same work, how about Encouraging people to save 10% instead of spending every dollar as they get it.

[@charlesberkeley6429]

I love the notion and it makes sense that it would tame inflation by decreasing demand, therefore, disincentivizing the Fed from coming for jobs next. However, 10% saved would mean 10% less spent across businesses. That would likely lead directly to job losses even though it would decrease demand. Anyway, the American consumer is shaped from a young age. It's difficult to change consumerist behavior overnight.

[@AtulSingh-gq7gt]

Nothing to disagree here

[@arvydasjonaitis2774]

⬆⬆ SEND ME A DIRECT MESSAGE RIGHT AWAY.

[@garymcmillan6943]

Because the people at the bottom simply can't afford to save anything, for one. Second, People aren't smart. They spend it as soon, or sometimes even before, they get it. If banks paid more than .01% interest for your savings account (paid 18% in 81) people would save, those who could anyways.

[@EuropebyStorm]

Unfortunately our economy is based on consumer spending while the wise whisper to their kids “shhh…save”

[@kennySg101]

Fed decision is political movtivated.

[@arvydasjonaitis2774]

⬆⬆ SEND ME A DIRECT MESSAGE RIGHT AWAY.

[@janiekcarney5482]

He is not doing job of explaining. He sounds like mud.

[@evergreens92]

“They confirmed what I expected” literally every analyst regardless if they’re right or wrong. They always knew it!!

[@HaedenBeck]

Peter schiff is the only one who is ever right consistently. Everyone else is like you said, or there's those "Some random guy who accidentally got X right now says this" headlines...

[@SouL1Jacker]

@@HaedenBeck are you... utterly delusional?

[@SlowhandGreg]

This guys a fkin idiot the inflation is Supply Side Corporate profits driven on inelastic demand for key energy and food. Fed rate doesn't do squat just tax the big players and get it out of the system

[@michaelkosanovich8726]

Larry Summers is a graduate of MIT and currently emeritus president of Harvard University. He's been prescient and eerily accurate regarding the economy for a long time.

[@robertfeinberg748]

I once argued with Summers at a social event but came to admire him for fighting the commies at Har-vard and for being critical of the illegitimate and out of control Fed.

[@DocDanTheGuitarMan]

All the Western pundits are wishing and hoping China doesn’t pass them by.

[@garypierce7380]

That they pass out Yellenbucks and then act like they're concerned about the results is the Rat joke of the century.

[@arvydasjonaitis2774]

⬆⬆ SEND ME A DIRECT MESSAGE RIGHT AWAY.

[@titusp9488]

yellen is an idiot but without the printing press where would get the funding for the billions we are giving to the Ukrainians ? rather the military complex?

[@acquaintance_level]

How they could not know that home prices, rents and commodities were skyrocketing last year is beyond me

[@user-ic8kt9zt6u]

Powell needs to step down

[@arvydasjonaitis2774]

⬆⬆ SEND ME A DIRECT MESSAGE RIGHT AWAY.

[@janiekcarney5482]

I have no faith in the Fed.

[@johnnycage7666]

3 million barrel coming off market October November 🤔

[@TheStartingQB]

Stop sucking up to Washington

[@garymcmillan6943]

Who's predicting oil prices are about to come down significantly? Cause you aren't looking at the same data I'm looking at. Come November/December the isht is going to hit the proverbial fan.

[@bobslate7231]

Guess what Larry housing is still in a shortage in lots of the US so prices in many areas will not come down.

[@terrygreene4284]

Recession in the next two years? What propaganda! Everything this guy spoke just lost credibility... We are in a recession Now!

[@je25ff]

If unemployment being up is the cause of inflation, why hasn't the GDP increased?

[@relative_vie]

FED = DGAF

[@888ssss]

all i know is they printed a load of debt and i wont be repaying it unless i own things.

[@vuzzler1]

Larry summers gangster

[@arvydasjonaitis2774]

⬆⬆ SEND ME A DIRECT MESSAGE RIGHT AWAY.

[@WackieChai]

Housing Affordability Now!

[@jayhay1237]

Builders. Farmers. Producers are all facing this problem created by the "independent" Fed. Paying super high input costs (9% is a joke) while praying that they can make ends meet when the results of all those inputs are realized. But the rug is being pulled out beneath them? Two mandates: 1) maximum employment. Ok you get an A. 2) Stable prices. F! Failing grade. Duh?

[@arvydasjonaitis2774]

⬆⬆ SEND ME A DIRECT MESSAGE RIGHT AWAY.

[@johnandrew3350]

The inflation level went up because of the transportation costs increased

[@nobodyisprfct]

Are you sure? I thought the inflation was always due to the flooding of moneys such as an increase of tax payer money being spent. People have to have money to spend in order to cause a demand. The main reason for high transportation costs is due to the decrease in crude oil refineries and green air legislation. Other reasons for high fuel costs would be wasting fuel by idling the vehicle while shopping or talking on cell phone, and an increase in delivery services.

[@johnandrew3350]

@@nobodyisprfct check out what the shipping companies did just after the COVID restrictions were lifted, this was the main increase in inflation, then the Ukraine 👹👺👿 conflict caused more increase, then Biden was blamed for secretly increasing costs to pay for helping Ukraine 👹👺👿. Free money is what's on offer from central bank's all over the world, and at very low rates, as long as it's invested in jobs and the financial sector

[@nobodyisprfct]

@@johnandrew3350 - Inflation occurs when the money supply of a country grows more rapidly than the economic output of a country. The central bank or the Federal Reserve is in control. Just recently the federal reserve increased interest rates towards loans. This was to stop people from buying new homes. Who has the money to buy new homes? The conflict in Ukraine has nothing to do with the United States inflation. So, are you suggesting that the very little that comes from Ukraine has an actual impact on United States taxes, Federal spending, new established laws, illegal immigration and what the federal reserve chooses to do? The reasons for high fuel prices are 1st a couple of large Texas refineries had deep freeze damage, 2nd several refineries closed, 3rd opec and 4th increase in subsidies for green energy, just to name a few. Debt is also another cause of inflation. Not to mention the increase of illegal immigrants with the open borders. Over 1 million illegal Immigrants increased united states depletion of resources. The United States is number 1 in exporting natural gas and number 1 in exporting crude oil. So we have the Federal Reserve that manipulates the United States economy, Bidens increase in debt bill directed towards housing and green energy. Increase of population and increase of children born in USA as part of the practice of all illegal immigrants that come to the USA around the world. All of this has to do with the increase of spending and decrease of supplies. Ukraine is close to last as far as import supplies to the United States. The population in the United States in 2015 was 324,607,776 (not including the millions of illegal immigrants). The population in 2019 was 334,319,671, 2021 the population was 336,997,624, and today so far the population of the United States is 338,289,857 according to Macrotrends. The United States produced Less than 10 million barrels of crude oil per day in January 2015. United States is producing 16.6 million barrels of crude oil per day approximately. There is 42 gallons of gas per barrel aprox. That comes out to 672,000,000 gallons of gas per day. United States is said to consume 400 million gallons of gas per day according to 247 WallStreet. OPEC has 22 countries that control a major portion of crude oil.

[@brucehoffman4010]

Right on Larry the fed is way behind they better get that interest up rule of thumb 1 percent above inflation way behind

[@arvydasjonaitis2774]

⬆⬆ SEND ME A DIRECT MESSAGE RIGHT AWAY.

[@lawrenceralph7481]

1. In 2020 the Fed decided to stronger stimulus measures for longer than in 2008 or 1974 explicitly accepting driving inflation higher to limit the damage the exogenous one -time shock of COViD would do to the economy and employment in such uncertain times. They held that strategy for 2 years and accomplished their objective of limiting the spread of economic damage, saving jobs, GDP and tax revenues and increasing core inflation. 2.. With that job done, and core inflation rising about 6% as the $10T one time stimulus measures stimulate and exhaust themselves over 18 -36 months. They said they will raise rates and withdraw financial measures until inflation is nearer to acceptable. While this may take a few years, and slow nominal growth, inflation will be reduced by these contracting measures to prior acceptable levels. At this point, the shock of the COVID on the economy will be managed. It will have added about $10T to the public debt. This they said. This they are doing, consistently. These ordinary macroeconmic measures have been know since Prof. Sherman Maisel was governor of the SF Fed in the 60s and thought these principles at the Cal Business School.

[@arvydasjonaitis2774]

⬆⬆ SEND ME A DIRECT MESSAGE RIGHT AWAY.

[@SlowhandGreg]

This guys a fkin idiot the inflation is Supply Side Corporate profits driven on inelastic demand for key energy and food. Fed rate doesn't do squat just tax the big players and get it out of the system

[@jaym9846]

The more money FED prints, the more gamblers they create.

[@liberterian]

all of the gov cannot stop that given in the fiat world.

[@nopro520]

The interviewer sounds like Jon Stewart.

[@arvydasjonaitis2774]

⬆⬆ SEND ME A DIRECT MESSAGE RIGHT AWAY.

[@fzy55]

Come on Lawance, nobody knows nothing in this business!

[@arvydasjonaitis2774]

⬆⬆ SEND ME A DIRECT MESSAGE RIGHT AWAY.

[@INFJ595]

Federal Reserve: hold off on rates for 2 months...Nov. 2022 / see the reality. Better than expected.

[@arvydasjonaitis2774]

⬆⬆ SEND ME A DIRECT MESSAGE RIGHT AWAY.

[@INFJ595]

@@arvydasjonaitis2774 Truth be Told : the facts are in Financial Engineering -4D ( imension). Robb/ Pvt. Banker. Silicon 🍎 Valley : A [ tita (☢️) nium ] I / internal - external probes. Faster than the speed of light is locked in the 6th - dimension....

[@danielhutchinson6604]

The prices of a Bushel of Grain, or a Barrel of Oil, seem to be controlled by a limited number of Individuals and they are capable of short term adjustments that will appear to indicate Inflation is going away. The Numbers the Government officials present to the Public, are as deceptive as the concept of Democracy being a method of consulting the Citizens for approval. The Parties offer their choices for the Public to approve, and the statistics are presented to offer some appearance of stability. Summers does understand those facts and dances around the methods of using Statistics to indicate some illusion of Citizen input. Around a third of Registered Voters appear to have lost faith in the electoral process, but more than half of the Citizens seem to be poorly served by Capitalism. You can demonstrate your lack of faith in the Electoral Industry, by failing to participate. You seem to be limited to a small number of options when Capitalism is questioned?

[@arvydasjonaitis2774]

⬆⬆ SEND ME A DIRECT MESSAGE RIGHT AWAY.

[@SlowhandGreg]

It's an Oligopoly look it up

[@danielhutchinson6604]

@@SlowhandGreg Carter has said that I hear...... Ike warned us about Corruption..... LBJ seemed sorry to leave the War on Poverty till he had spent everything on hanging on to a Colony? But Remember, Nixon Said, "I Am Not A Crook!"

[@johndingle6293]

I bet Powell will be bullish next week. Minutes communicated hesitancy to "hike too much" with real rates at negative. Fed still believes in transitory. Fed is happy with nominal growth while real growth contracts. Inflation is the goal of fed without losing control of inflation expectations.

[@SlowhandGreg]

This guys a fkin idiot the inflation is Supply Side Corporate profits driven on inelastic demand for key energy and food. Fed rate doesn't do squat just tax the big players and get it out of the system

[@Afromontana14]

Honestly crypto is worldly acceptable and profitable I’m absolutely glad making 22 percent weekly profit of my invested capital.

[@samsonwang3286]

Summer’s solution will make things worse, as his suggestion might kill the economy. The FED was behind the curve, but it makes sense for them to wait as low inflation had been around for a decade and it is hard to predict the impact of the pandemic repercussion and the Russian invasion. The Biden Administration also deserves the blame for bold stimulus, ill-preparation for energy price surge and too much union protection. Powell’s FED acted more quickly and effectively to respond to the markets in 2020 and today than any FED before. The FED has the capability to achieve soft landing but they need time and investors patience!

[@lisayuan8036]

I'm done sitting tight for the award advance since i acquire$23,000 every 12 days of my investment..

[@darrenerik7605]

HOW! I would really appreciate if you show me how to go about it. Please can you list the platforms ?

[@kahlanelaine9265]

I met Expert Barry last year for the first time at a conference in new york city, i invested €24,000 and traded in one month making close to €200,000..

[@hRt42kuo7jTtmk14]

So so stooopid

[@hRt42kuo7jTtmk14]

Foooool

[@hRt42kuo7jTtmk14]

Escaped baboon

[@FairnessIsTheAnswer]

Why can't the Federal Reserve Bank do rain dances and cause it to rain in areas experiencing drought? The point is, that the Federal Reserve has very little REAL influence on the causes of the current inflation. Can the federal reserve tell OPEC to pump more oil? No.

[@angusm9419]

You don't understand inflation and its cause. The Fed creates inflation by increasing the money supply. Rain dances have little effect on economics....or weather.

[@FairnessIsTheAnswer]

@@angusm9419 I don't have a complete understanding of most things, and I don't claim to. I'm willing acknowledge my inadequately publicly. I'm hoping that the meek will inherit the earth, rather than the arrogant.

[@angusm9419]

@@FairnessIsTheAnswer get informed about a topic before making idiotic comments based off of something you hear on the state sponsored media. People like you perpetuate the ignorant theory that inflation is a product of corporate greed. "Inflation is always and everywhere a monetary phenomenon."

[@FairnessIsTheAnswer]

@@angusm9419 I know that hate is not equal to truth.

[@angusm9419]

@@FairnessIsTheAnswer "hate"....rofl. You watch too much TV.

[@johndingle6293]

Fed is trying to maintain asset prices AND contain inflation expectations. But we haven't budged above real fed fund rates around -6%. So Fed speaks with a forked tongue. Trying to do both. So the market keeps going up, then down, then back up... while inflation just stagnates economy.

[@SlowhandGreg]

Existing economy is fine inflation is Supply Side Corporate on inelastic demand get away from fossil would be a good idea

[@johndingle6293]

@@SlowhandGreg so we can handle higher rates? Economy is fine right?

[@johndingle6293]

@@SlowhandGreg how do you propose to "get away from fossil fuel"? You think you can escape the cost of energy by switching sources? Stupidest idea ever. Until nuclear fusion, the holy grail is invented, you either pay the cost in electricity, natural gas, or any other source of energy. Coffee, eggs, essentials like protein, carbs, and food nutrients rising. "Economy is fine". Stupidest shit ever. From stupid people who are too eager to escape their failures of leadership.

[@SlowhandGreg]

@@johndingle6293 tax the profiteers this is inelastic demand look at agricultural practices because climate change is here to stay promote energy diversity from fossil

[@SlowhandGreg]

@@johndingle6293 Reagan crushed inflation with 13% unemployment 20% fed rate and off shoring to depress salaries in manufacturing