Markets Weekly August 17, 2024

[@adamsalbert3477]

Sometimes Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

[@jackdorian]

Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin ,While also continuously learning from mistakes and improving.

[@juliawalter5252]

Many overlook that banks are return-driven businesses. I don't trust keeping a large sum in a bank. Instead, I invest with guidance, enjoy the benefits, and save for retirement.

[@ericksdhaniel]

Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?

[@juliawalter5252]

The decision on when to pick an Adviser is a very personal one. I take guidance from Lina Dineikiene to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.

[@ericksdhaniel]

I just googled her now and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.

[@tolgak731]

Food price controls also leads to lower quality food. Lived it in Turkey.

[@manivang9792]

Agreed 💯... It's not gonna happen in USA. Bit trump is going to win 2024

[@GladysSasaki]

Well most people in crypto don't seem to be aware that a fed cut usually triggers a dump in stocks... and stock owners are used to it and know it will go back higher, but crypto people freak the fuck out everytime something happens cause nobody seems to want to study how markets and money work. And often the FED has cut rates suddenly a month after saying they wouldn't... wanting to say that if we got a surprise cut in august, crypto would lose its shit. And I'm still lowkey wondering whether we might NOT get a cut in september, since that's what everybody has decided is gonna happen, or do get a cut, the economy tanks and they come out with a surprise hike later this year. .....currently I've been engaged in active trading, which is generally safer, allowing investors to weather market volatility and also managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[@GladysSasaki]

She's often interacts on Telegrams, using the user-name.

[@GladysSasaki]

@Lindawilburn

[@seandavis8930]

In a field as rapidly evolving as cryptocurrency, staying updated is crucial. Linda’s continual research and adaptation to the latest market changes have been instrumental in helping me make informed decisions.

[@hollycarter3594]

Nice, I was just hodling before I found Wilburn. In my opinion she is the very best out there.

[@79AdventureBaby]

When it comes to investing, we want our money to grow with the highest rates of return, and the lowest risk possible. While there are no shortcuts to getting rich, but there are smart ways to go about it.

[@nitindhavale]

I'm always impressed by your exceptional ability to distill complex events into a clear and balanced perspective. Your thoughtful and insightful weekly videos are always a must watch for me. Thank you!

[@janeznovak7589]

Indeed. Joseph has great ability to pass knowledge

[@GenXstacker]

The Roman debasement of coinage happened before Diocletian. His edict of prices was an attempt to deal with the fallout. He also reformed the coinage by issuing new high purity gold and silver coins. He then replaced the debased silver coins with new coins that were also debased but used a process to leach the silver to the surface so they appeared silver plated (like our clad quarters). The Romans were far more sophisticated than we imagine.

[@michaelbrennan3239]

Agreed about the price gouging -- would be devastating for almost all grocery stores which are some of the lowest margin businesses imaginable. Thanks Joseph!

[@Fedguy12]

Lyn has a good chart showing how low major grocery chains margin is x.com/LynAldenContact/status/1824498761894134072?t=7ojaICcxrSVRh8FKtXefuA&s=19

[@michaelbrennan3239]

I'm also excited about gold because, as you said months ago, not only do we see a shift in the SCO's sovereign reserve allocation but are now also on the cusp of looser policy at home.

[@AllNighterHeider]

1.43% margin, wow, must take a lot of volume to create a meaningful profit. Thanks for that share JW

[@brianborse3555]

​@@AllNighterHeiderYeah, Costco had $250B (yes, a quarter trillion) in revenue last year. Lol! 😵‍💫

[@daveschmarder-1950]

Anyone who is as old as I am remembers the wage and price controls in the early 70's. That was the bright idea of Richard Nixon. It didn't turn out as he expected.

[@Four_Eyes]

Just saw your tweet about closing your long position? Hope we get a bonus episode soon. I've been buying gold every week for the past few months...

[@chrisp9466]

Thank you for another wonderful Weekly, Joseph! Your segment on price controls was very good... I even think Harris' economic advisor(s) may understand how ridiculous the idea is. You are doing God's work Joseph! Keep it up. ❤

[@philipvjones397]

Govts all over the West seem to want to build more houses, but presumably they don't want prices to go down either, so it all seems a pointless exercise which will do nothing other than enrich those in the building and property industries.

[@bobsondugnutt7526]

I do think "greedflation" needs to be addressed through stronger antitrust laws. That said, neoliberalism (several decades of American politics at this point) is basically anti-antitrust. So we may be stuck with it. Agreed that price controls aren't a realistic fix.

[@Fedguy12]

Yes more competition is needed to make the market work.

[@brianborse3555]

Passive index investing promotes monopolies and anticompetitive behavior by reducing the cost of capital for high market cap companies. This cycle then reinforces itself in a positive feedback loop. The whole thing seems like a big joke sometimes

[@WhtwaBBiT]

More Laws from Corrupt Governments have always worked in the past

[@bobsondugnutt7526]

@@WhtwaBBiT Totally free markets usually end in monopolistic behavior in which price gouging really is an issue

[@WhtwaBBiT]

@@bobsondugnutt7526 No one alive has experienced a "free market" Capitalism died with the Sherman Anti-Trust Act in the 1800's when Government got involved in private business, funny how all the monopolies were protected during the 2008 crash and the plandemic and went on to profit massively due to "protectionism" Government regulations. If the Corporations are "gouging" stop protecting them with Labor laws and the insurance scams which small business cannot afford

[@thatguy2608]

Harris' proposals are defiant of economic mechanics. The down payment assistance is for first generation home buyers, defined as those whose parents don't own a home. Other qualifiers include an unmarred 2 yr. rent payment history. A 10k tax credit to other first time buyers. SALT cap deductions end Dec. 31st ,2025. I haven't seen how she is structuring this outlay. Homebuilders will get a bump either way I would guess though. UK's Labour party plan of home building certainly helped some builder's stock there. Price controls... ya, not a smart idea. Market manipulation of prices will put businesses into long run revenue while maybe still ramping up. Companies will produce at a minimum of their long-run average costs. It's a horrible idea like you said. Gold is manipulated too much to know what is going on there. Thanks for the video. The CB 101 book was an interesting read.

[@MrLavro]

First! Thank you for the new video, always very insightful

[@jarronjackson6670]

You won't be first next week. You beat me this week.

[@spacewalktraveller1]

I'm surprised Joseph that you're surprised that Kamala Harris is talking about price control. Her Dad was described as a Marxist Economist, which is bizarre theory. I don't live in America but I really pray she doesn't get elected, as she and her party will destroy the great country that the US is. Free market capitalism works best when politicians get out of the way. I really do enjoy listening to your views on economics once a week, keep up the great work.

[@Anon-nd1ek]

Thank you Joseph! Hope you have a wonderful weekend.

[@sbain844]

Housing supply is not just about new builds, it is primarily about the proportion of existing houses that are up for sale.

[@jarronjackson6670]

Thanks Joseph!

[@raymicciche8869]

Auto loan debt, credit card debt, and mortgage debt all hit records over last few quarters. Bank lending rates are 8.5% (prime rate). Last time it was even close was 2007 and only a tick over 3%.

[@Kingbund]

Would be cool if you can have a video outlining pros and cons for both Trump and Kamala economic policy. Woyld love to hear a thoughtful detailed analysis from an economist's standpoint

[@tek4u22]

Great commentary as always. One not sure about..." the market is expecting rate cuts due to recession..". So why did market surge to all time highs this week? (my take: the market is pushing for rate cuts that are Not required, except to pump stocks)

[@jackjones3657]

Thank you for the honest, informative videos! To say the Harris' policies would be "concerning" is a real understatement Mr. Wang!!

[@tek4u22]

25k house subsidy will raise prices by 25k. Just like home interest rate tax deduction just raises borrow rates.

[@sebastienwdowiak8430]

God bless you joseph ! Thanks

[@noiseforthealgorithm4668]

thank you!

[@Simonpt2000]

Every portfolio should have 5% gold

[@Alex-ic4bs]

Thanks Joseph. You’re great!

[@fidelsalazar74]

lol Roman Empire kind of guy!!!!! Print baby print

[@raymicciche8869]

Food scarcity and black markets too. See Venezuela

[@bobsondugnutt7526]

"price controls enforced by capital punishment" nice pun :)

[@AllNighterHeider]

Yeah, that was a good one 😂. Too bad it actually happened

[@bobsondugnutt7526]

@@AllNighterHeider agreed, terrible stuff :/

[@Scuba-D]

Coins are minted not printed

[@AllNighterHeider]

Great episode this week Thanks JW

[@tonequin4562]

So weird, I subscribe to channel then I revisit channel and no longer a subscriber! Thanks again for the Update🎉

[@MrTigerStarX]

.25 in September seems reasonable

[@janeznovak7589]

Big thanks Joseph

[@mskmsk7174]

Thanks again Joseph.

[@petergozinya6122]

Thank you Joseph

[@Bigjoe99]

Why Fed does not pay attention to out of control Personal Credit and Depleting Savings?

[@tahseengoni5242]

Great insight as always

[@raymicciche8869]

The $25,000 will also have to be borrowed by the government.

[@cavscout888]

I doubt they'll cut. Because inflation was mostly a cover.

[@jamesgeorge8915]

When prices go up the value of currency goes down. Remeber this everytime you hear "good news". Sobering...

[@RogerYeahmon]

yes, people think their house value is going up but in reality, the currency value is going down

[@thomascrownsky1932]

gold goes up with a lack of growth...

[@RogerYeahmon]

this constant march higher in markets just feels unnatural - i'm genuinely struggling to pull the trigger on long positions due to concerns the market could slump at any moment leaving me underwater with positions bought at the highs..

[@brianborse3555]

You're either an investor or a trader. Pick one and sleep better at night (hint: one choice is easier than the other)

[@RogerYeahmon]

@@brianborse3555 yes, I know what you're getting at.. even so, i can't just look at a chart that soars up at a 45° angle from bottom left to top right and think "that's a buy!"

[@raymicciche8869]

Unemployment rate is up 21% YOY. That’s never happened without a recession.

[@sketchin6993]

Corporate socialism is how the USA has been operating since the 20th century. The amount of corporate tax payer bailouts, subsidies and tax breaks are unreal and not worth the cost to society. I agree with the idea that all that wasted tax payer money going to the private sector belongs to tax payers. In an ideal situation, all the tax payer money to the private sector would just get stopped instead of these price control solutions...

[@raymicciche8869]

Introduce Kamala Harris to Milton Friedman. What do you think Milton would tell Kamala if she told him the inflation is caused by corporate greed?

[@marketsqueezer]

It is all about greedflation.

[@imjamming]

There are already US laws in the book to prosecute businesses that engage in price gouging after a disaster. As a former US Attorney General, VP Harris is well versed in these laws and their implementations. This is probably the basis for VP Harris proposal. The disasters in this case are the pandemic which resulted in supply chain issues, and the start of the war in Ukraine which sends energy prices, fertilizer and grain prices soaring after the West imposed sanctions on Russia. The supply chain issues have been largely resolved and the price increases as a result of the war in Ukraine have also largely come down and stabilized since then. The pandemic also led to a rise in inflation as a result of measures taken by the Fed to support the economy at the height of it. The Fed has since moved to raise interest rates and keep them high to lower inflation rates. These measures are largely working and the Fed is planning to start cutting interest rates as early as September 2024, probably. There are no more justifications for the continuing 25% increase in food prices that ordinary people have experienced for the past 3 years.

[@OrchidMacro]

if you could be more precise and avoid expressions "for some time", that would be great. Thanks

[@cebulnik]

Brilliant insights into price manipulations. Every socialist state experiences them. Somehow people seem to fall for this sham again and again

[@brianborse3555]

Each new generation of people has to figure out the same things for themselves. The only way to avoid repeating the mistakes of the past is through education, which is much easier said than done - especially when human ego gets in the way (everyone wants to feel special and in control of their own destiny - contemporary circumstances and historical precedents be damned!)

[@Mathematics.is.perfect]

yo no audio

[@Fedguy12]

Press unmute

[@wernermesserer4464]

Waiting for a politician with the idea of lowering taxes

[@timkrouse345]

I don't like Donald Trump. I will vote for him 200 times before I vote for Kamala. 😆

[@aleaiactaest8354]

Good segment. 👍🙏 With house grants, child benefits, cancelling healthcare debt etc. all these policies seem very inflationary? All that happening with a 7% deficits, 122% debt/GDP, demographic decline, two wars...and possibly more too follow... It's a mind pretzel 🥨 🤔