Mohamed El-Erian Previews Powell's Jackson Hole Speech

Mohamed El-Erian, University of Cambridge Queens’ College president and Bloomberg Opinion columnist, says Federal Reserve President Jerome Powell must address past, present and future issues in his speech at Jackson Hole. He speaks on “Bloomberg Surveillance.” His opinions are his own.
--------
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: www.bloomberg.com
Connect with us on...
Twitter: / business
Facebook: / bloombergbusiness
Instagram: / bloombergbusiness

[@jamesmarcus4105]

The cost of living crisis appears to be a global problem, although here in the UK it has been made worse by the increase in the prices of many goods. I believe that the government has the ability to reduce the cost of electricity, but for some reason, don't think they are concerned about how the common person would do in these strangely challenging times.

[@craigpotter1262]

Things are getting dicey, and the sad part is that a lot of people won't realize how bad things are until it's too late.

[@matthewhuo6543]

@@craigpotter1262The cost of living has gone up and the economy is in tatters.

[@williamadams2361]

Most times it amazes me greatly the way I move from an average lifestyle to earning over 63k per month, utter shock is the word. have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.

[@craigpotter1262]

@@williamadams2361 Wow buddy, that's more than a mouthful of profits you're making. How do you achieve this feat consistently? You must be a genius in trading.

[@williamadams2361]

@@craigpotter1262 Anyways not actually, what I know about trading almost borders on zilch lol. I make huge profits on my investment since I started trading with Mrs Debbie Ramirez, her trading strategies are top notch coupled with the little commission she charges on her trade.

[@Rachelschneider03]

There are lots of mixed opinions about stocks and there projection in the next coming years, I aim for short term solid gains from market correction and I'd definitely jump on the boat if I knew a thing or two about day-trading, but then again what do I really know? I'm just looking for the right moves to grow and hedge my stagnant reserve of $370k from inflation.

[@AshtonGrace]

it's all hype! best to ignore the trend at the moment whether bullish or bearish, and stick to a proper trading plan preferably with expertise assistance.

[@ReidCoffman1]

@@AshtonGrace

[@MariusNatt]

@@ReidCoffman1 talking about coaching, do u consider anyone worthy for recommendations? I have about 80k to taste the waters now that large cap stocks are at a discount... thanks

[@ReidCoffman1]

@@MariusNatt I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, "Maria Teresa Tyler" turned out to be better and smarter than all the advisors I ever worked with till date

[@chrisj8764]

The best macro-economic commentator out there - kudos Dr El-Erian!

[@jackbills]

Stocks are falling and bond yields are rising, but markets still don’t seem convinced the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control. I'm still at a crossroads deciding if to liquidate my $117k stocck portfolio, what’s the best way to take advantage of this bear market?

[@rt.judgejones6839]

I wonder how a lot of folks are making huge 6figure killings in this downtrend, only just that such technique are mostly successfully executed by folks with in-depth market knowledge.

[@starcar23]

It all relies on your strategy and your willingness to stick with it, and the stock may fall further, but if you are a pro, making significant profits on this downtrend should not be a problem.

[@henrech]

Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.

[@louizb123]

@@henrech .I need guidance so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?

[@henrech]

@@louizb123 I am being guided by "Kimberly Jean Heavner" who I found on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care supervision.

[@user-bc9tp6tu4b]

He gets it he’s flawless with his answers

[@omm5960]

Agree. And he's doing it in low English. Fr'instance: "He's gotta deal with" "He's gotta figure out" and my construction-worker favorite, "And let's not forget, we have a framework that's not fit for purpose."

[@jasonr1150gs]

@@omm5960 😂

[@DKK]

Lol he’s always wrong

[@GoredrinkerRS]

@@DKK He's really not though.

[@thinkpod4543]

his the only person I am willing to listen to on Bloomberg

[@amenbrother8818]

Don't miss out on Larry Summers, he has been marginally better than Mohammad El Erian and both of them have been warning us about clown Powell for over a year.

[@NoobgotpwnedMc]

Mohamed el erian is a shining light of rational in a very irrational market

[@Karkkuss]

Love Mohammad El Erian. Guy is so on it.

[@introvertedcasey6830]

A crash and bullish market provides equal high-yield potential, it's all about information and strategy application, I've seen folks make huge 7figure profit in a crashing market and pull it off much easily in a bull market , Unequivocally the crash/recession is getting somebody somewhere rich.

[@snipergrimly8972]

well politicians for certain are gaining off the crash, and true the average individual could profit off a crash but such high-grade investing come with equal risk which can only be managed by a proper pro or expert.

[@wherethemagichappens6695]

True, the idea of a portfolio-coach used to sound generic, but new study by investopedia actually found that demand for portfolio-coaches sky-rocketed by over 41.8% since the pandemic and based on firsthand encounter, I can say for certain their skillsets are topnotch, I've raised over $700k from an initially stagnant reserve of $150K all within 14months.

[@wherethemagichappens6695]

credits to JESSICA ANN EMS, one of the best investment advisers out there. she's well known.

[@guz_gus24]

Thank you so much! Found her webpage and left a message. Hopefully, she responds.

[@vampireslayer1989]

What Mohamed is saying, is that the Fed Meeting belongs in Kansas City at the Motel 6, and NOT Jackson Hole at the Jackson Lake Lodge. They don't have a clue.

[@sunshineandhappiness6014]

Yes! Lol, exactly. Not a vacay in Jackson hole.

[@LadonPat]

Has El-Erian taken over Bloomberg already? Glad that there is a bit of light and no rain for those sitting outside.

[@philipholt8413]

Brilliant he is so on the Money. I always listen to his remarks because he is right.

[@cris471]

All my respect for this man !

[@treaty8631]

I really like El Erian.....he speaks simply...doesnt use all types of unnecessary terms to twist his words...he says what he needs to say....simply precisely.

[@whatsapchat1214]

Thanks for watching and commenting don't forget to hit the subscription bell. Thank you and I will also share new finding with you in a moment contact me for more info.✍️✍️

[@mand1009]

Well the truth is always with Mohd.

[@ronsmith5601]

‘Fed’s communication hasn’t been consistent’ most important comment.

[@thebear4880]

Youre a shill. Stop spreading fud

[@nothingnew....9341]

you said it - and the fed is supposed to be nonpartisan. Most of it's swagger is from what it says, not what it does. it's the illusion they want to maintain

[@JoseSanchez0795]

That's because he's in Blackrock's pocket!!!

[@marshallman9412]

@@thebear4880 lol you're the shill. one year ago at this very meeting, "transitory" inflation was born and markets meltup and look at us now. blind blind blind

[@thebear4880]

@@marshallman9412 no faucci said covid was transitory. Jerome said inflation was transmissible. These are facts

[@MrKnobs5]

If I were Jerome Powell I would just call in sick

[@curtgomes]

He was one of the main causes of this debacle. He should have called in sick two years ago.

[@stevepedersenhoike4399]

Thanks

[@pattersonthomas9927]

Got a chance to benefit from her services a few weeks ago and it has been a very smooth experience.

[@DavidLee-ms7dh]

Trading with Stacy Huth daily signals has been magical, credible and profitable to me and I am looking forward to another successful month with her again

[@donaldmarshall584]

I also enjoy trading with her daily signals. less stress and well accurate

[@kelvinedwin1288]

Yeah of course, with Stacy Huth signals.. i really have great hope for trading..

[@mimirabel7078]

Nice info, i appreciate your concern this will help a lot especially to the young bitcoin investors who have no or lesser knowledge on how bitcoin market works.

[@adamday2067]

Excellent analysis

[@ryanfrazier8153]

You can clip Mohamed El-Erian saying "It's huge John, and good morning" for a gif in this video and nobody can stop you. Do what you want with that information.

[@BaileyMxX]

Mix in some "it's sticky"

[@NuttyCookie333]

The market isn't feeling it because they keep propping it up with more money printing which creates more inflation. Crazy.

[@stephenbatton3933]

Inflation is gonna get insane with every bill he keeps passing and aid delivering

[@browsedeweb8834]

There is NO fiscal discipline anywhere in our system. This has to change.

[@nothingnew....9341]

is it me or is the panel consistently pushing a bullish narrative which El-Erian keeps deflecting with each "real" answer.

[@TrondJohannessen]

Great discussion about protection of purchasing power.

[@dodgerblue7381]

I may not always like what Dr. El Erian has to say but by and large he has a very good track record of being spot on correct. He also explains things in a non condescending way which I appreciate. I believe that he is right we are not out of the woods. Build yourself an Emergency Fund if you don't have on and hold on.

[@michaelparker3188]

Inflation comes from one place. The federal reserve! Aka milion Freeman. Stop printing money!😎just saying.

[@micmccond7]

Pah if only it were so simple...you forget there a big world out there...featuring interlinked economies with their own monetary policies. It might do you some good to travel outside the US. And actually see the " world". Too many people rationalize the world into black and white...childish.

[@benthungin8949]

Al Erian is the only economist I listen too.

[@DKK]

Lol

[@benthungin8949]

@@DKK Yeah while Jimmy chill and everyone on CNBC said inflation is transitory, Al Erian called it in MARCH 2020. Im not an economist but even I know printing money has consequences, LOL

[@DKK]

@@benthungin8949 he’s said the same bs since 08

[@sunshineandhappiness6014]

This guy is on the ball! Exactly…everything seems to wishy washy with the fed. Hence nothing is changing.

[@pauloalex975]

Wow Tom is a CFA ! 69 years old and still working 👏

[@AldiTVFan]

i think we closer then ever

[@dirtlump]

Never once does El-Erian mention the "D" word as the root problem ? After decades of money printing ...... we have a Currency DEBASEMENT "based" cpi inflation. Rates MUST be maintained high no matter for an extremely long time or you won't have a currency nor economy !

[@gee1777]

From a communication stand point the Fed should shut up and talk much less and let actions talk, I would have 4 meetings max per year and gag all the governors

[@chucklong66]

You are right!!!!!

[@martingotz2906]

stagflation for the rest of the decade

[@Vladkazenski7777]

Mohamed has an eye on Fed Chair. He has been trashing him for some time now

[@barryfleming8488]

Would you prefer?

[@roberi5189]

Deservingly so, the fed has been so wrong

[@Vladkazenski7777]

@@roberi5189 no doubt this chair is one the weak ones. Lets see where we land

[@robertleewhitt6241]

Inflation is caused by the money supply increasing > MV=PY > M ; money supply > V ; velocity how many times dollar rolls over in an economy > P ; prices of goods and services & lastly Y > Real GDP The velocity of money and real GDP do not make gigantic changes to the formula they’re fairly constant So what does that leave us with >….. ( money supply = price of goods and services ) Congress must stop spending money and increasing the money supply that’s causing US inflation ! The Fed chairman Powell should tell Congress to knock it off because you’re making my job harder stop spending foolishly !

[@giuseppedaponte5262]

John Lisa and Tom are the best 👌 ❤

[@GuppyPal]

El-Erian words always seem to make sense to me.

[@whatsapchat1214]

Thanks for watching and commenting don't forget to hit the subscription bell. Thank you and I will also share new finding with you in a moment contact me for more info.✍️✍️

[@pauloalex975]

Make Mohammed the new Chairman of the Fed ! 👏

[@sn3aky_pants593]

At the end of the day, the Fed will be forced to pivot to prevent the sovereign debt bubble from popping. That’s the one thing worse than runaway inflation many seem to overlook. I don’t see any scenario where we avoid pivoting long before inflation is normalized

[@Cfass1]

Damn looks like after seven years of listening to the doom and gloom channels, they’re finally going to be right

[@gee1777]

I was always against full on globalization and thought markets were making big mistake on key economic elements and supply chains

[@ianr5690]

We gotta put inflation down - More out of work - Crush house prices BUT with US Debt to GDP % > 120%, inflation is required to deflate the debt away. Either this way or deep austerity and misery.

[@alexprivacy2]

Love this guy

[@akashpaul6891]

He knows where neutral is

[@larslarsen8837]

Fed is already stating Det flip flopers 😂😂😂😂🤡🤡🤡🤡⛽⛽⛽⛽

[@rondrake3720]

He finally said it. The Fed has failed US.

[@christianduval9067]

Forget about the past.....inflation is there to stay......until drastic measure......a mix of 1970's and 2008...... I expect 5% and more from the fed at the end of the year Here in Canada...5 years mortgage at 5%.......also deposit for (1) year 5,10%.......... Savers turn

[@AABB-xq2ur]

I am just disgusted by Powell's consistent deliberation of contradicting remarks: aim to bring down inflation close to 2% and suggest getting close to neutral fed funds rate. When the current fed funds rate is half of the core PCE inflation rate how can he even bring up the subject of neutral rate? Aren't we miles away from being restrictive?

[@AjitMD]

Powell main goal has been to stay in office so he has created all the money demanded by the Treasury. Even before Covid he tried QT. Markets crashed, Yellen and Bernanke read him the riot act and he reversed. With Covid, he went nuts supplying huge amount of money… $4.5T. More than needed for longer than needed. We got huge asset inflation.

[@AjitMD]

The Federal Reserve has been corrupt in their quest to stay in power. This money creating madness started a long time ago, especially in 2008. Got worse after Covid with Fed supplying $4.5T way more than needed, longer than needed. Too much money related huge demand for goods & services plus asset inflation in stocks, crypto, bonds, real estate. Government is “misleading” about CPI in their quest to stay in power, especially the Fed. Powell tried a little QT, markets trembled. He had to back down on TV with Yellen, Bernanke “guiding” him. “Good Boy” got re-elected to the Chair. Inflation is a monetary phenomenon. Don’t blame just on Putin. Fed balance sheet has $9T. $4.5T was added since Mar-2020. We will need real price and asset deflation so people, can eat, pay for gasoline, utilities, buy necessities. Most important, afford rent or buy a house. Powell is the second co invade of Arthur Burns. Interest need to go above the real inflation which is above 10%. Anybody has been around and remember the early 1970-1980s? This is is worse because back then US debt was on $1T, now it is $30T plus.

[@AABB-xq2ur]

@@AjitMD Thank you for the insightful comments and I couldn't agree more with you. After Powell's speech, I see lots of replies comparing him to Arthur Burns like yourself. I couldn't find much information about what he did/caused. Can you help me understand what he is known for and why he is brought up now after Powell's speech?

[@AjitMD]

@@AABB-xq2ur Authur Burns was the 10th Chair of the Fed from 1970-78. USA ws already running a deficit with the Social Programs and Vietnam War. Then in the 1973 after Yom Kippur War, OPEC united and caused an embargo in oil and shortage. Price of oil went from $4/B or less to $13/B. Countries like Japan, Europe shut down. Froze in Winter of 1973. Most of the world had no money to pay for oil. So USA printed a lot of dollars which they lent to all these countries via banks like Chase Manhattan Bank by David Rockefeller. This caused the value to the dollar to go down and massive inflation by 1980 at 13%. Price of Gold which was $35/ounce in 1967, went up to $42/ounce and then to $800/ounce. Had to call Paul Volker to the Chair. He jacked up the interest rates to 20% short term. Country went into a sustained recession, unemployment, deflation. Entire industries got wiped out. NAFT and WTO did the rest. National debt was going past $1T. Now it is $31T plus huge public debt. Fed is scared of raising rates to real inflation. Let us see what happens next.

[@AABB-xq2ur]

@@AjitMD Thank you very much for the detailed economic background of Author Burns. As you pointed out, I can see the similarity to 1973 in inflation spike even though the cause is slightly different(now it's more of supply shock due to Ukraine war even though oil is part of it). So it really comes down to which path Powell will take Burns or Volker. Based on your suggestion, I did a quick search on US national debt to GDP ratio and it was 0.33 in 1973 and 1.24 in 2022. I agree that printing more money now will lead to hyperinflation, but at the same time, increasing interest rate like Volker now will equally be disastrous tanking economy and spiking debt interest payment. Essentially, it all depends on how fast the current high inflation falls so that fed won't need to increase the interest too much. But since core inflation factors looks sticky at the moment, Powell would need to increase interest rate enough to tame aggregate demand if he plays it right, but historically, when push comes to shove fed always flinched with the only exception of Volker, but at the same time, interestingly the stock market didn't drop much and even moved higher in the midst of Volker's aggressive rate hikes. Will the stock market exhibit the same pattern during this Powell's interest rate hike cycle?

[@ssuwandi3240]

Fed is protecting the housing market hence their talking point on neutral rate

[@amenbrother8818]

Clown Powell is protecting his former Wall Street employers.

[@Jdw6848]

I like Mohamed El-Erian he speaks the truth

[@chrish9155]

He has the integrity !

[@giovannip8600]

Very intelligent fellow

[@Hopeful-passenger]

The largest investment mistake I've made was thinking the fed will do what was right rather than what was easy. I doubt they will change their stance now.

[@fturla]

If the Federal Reserve was competent, the Fed funds rate should be directed upwards and above 5% for an extended period beyond two years. Having a sustained interest rate close to zero means you got no bullets in the gun if trouble comes over the horizon for financial relief. Having interest rates at close to zero and in fact promoting negative rates will make banks interpret that with charging clients higher fees to use their services which will force more customers to use alternative capital storage, funding, and transfer solutions. Everyone's getting the gist that the people at the Federal Reserve aren't that skilled which means they can be bullied into the wrong decisions.

[@frankyang5657]

The Fed failed in forcasting, analysis, and communication, why? Because Powell was blinking, he was always swinging amoung policies and gave the market delusion. The most important is that he showed no determination fighting inflation. History will record him the worst chairman ever. A man majored in law seemed not suitable for that position.

[@brandonyt810]

We have to give Powell credit for the calls made in 2020.

[@jia7833]

@@brandonyt810 Every fed chair would know what to do at that scenario.

[@frankyang5657]

@@brandonyt810 Thanks for your opinion, the calls made in 2020, it's only limitless printing money more than really needed, and cause situations now. As to what I feel is that Powell has no picture what will happen whatever policy he made. He just follow the will of politician and trying to protect his position.

[@browsedeweb8834]

The Fed's primary but unstated objective is to make their rich friends richer. Their actions over the past 15 years validate this comment.

[@gb8518]

Calm down Powell will put the inflation inside the bottle.

[@geniuspharmacist]

Brandon! I'm sick of telling you let's go. Just stay. I'm leaving. 😂😂

[@waragainstavg]

Fed Powell: whew, inflation might have just peaked... Government: *looks at student debt* hold my beer...

[@JulianBark]

Powell talks like Paul Volcker but acts like Arthur Burns who blew it on inflation decades ago.

[@amenbrother8818]

You are spot on, I'm an ordinary guy and I have been screaming your comment on Twitter for the last 18 months. Powell is worse than Arthur Burns. Lawyer Powell seems to be serving his former employers the bond traders, hedge fund and private equity bankers and not the republic. He can't even pretend to be serious about squeezing inflation. He's pathetic, and shame on Sherrod Brown and the CBC for pushing him through the Senate. He's screwing over the people they purport to care about.

[@frankyang5657]

Yes ! you've got the point ! Well said. As a forengner I feel the same with you but cannot write as brief and strong words like you. You are really a genius.

[@hRt42kuo7jTtmk14]

No rate cuts in 2023. Hike till you drop is the name of the game. 3 quarters of recession starting in Q4 2022.

[@browsedeweb8834]

We are already in recession. Changing the definition doesn't change reality.

[@hRt42kuo7jTtmk14]

Jobless mugu

[@hRt42kuo7jTtmk14]

Truk pusher pass all?

[@JanRiffler]

End the Fed.

[@tioswift3676]

What I got from this video: The inflation genie must go back into the bottle

[@micmccond7]

How does that work when you've already started making wishes?

[@gb8518]

👏👏

[@boboften9952]

They think its a Genie But it's a Ghost from Christmas pasts . Patient is still high on Dollars Deleruim . And the Peasant worker ants still have to work , eat , sleep .

[@fmendez1951]

He speaks facts always

[@DKK]

Lol

[@simonpageau6925]

Tesla = resilience

[@joefacca]

End the FED

[@YS-ys1us]

The patient has medium-stage cancer with pain. Chemo therapy will case more pain, but eventually cure the cancer. Morphine will help the pain and make patient feel better in short term, but delay the cancer to late stage. Which medication do you choose, FeD?

[@proProcrastinatooor]

They do half/half.

[@boboften9952]

Alcohol Sell Alcohol and tax The hell out of it .

[@boboften9952]

Next put weed tax up .

[@mikeflair6800]

El-Erian is a big talker. He says Powell is late, must get serious. OK with me...double the Feds Fund Rate today! El-Erian would be shocked and disagree too fast, he talks out of both sides of his mouth constantly. He says Powell problem and what about his fiscal spend spend spend democratic friends? We need BOTH strong Chairman Powell and a USA Government with the guts to cut spending. I am expecting 2 to 3 years of recessionary conditions, until the Fed can get back to 2% level.

[@harrychu650]

This guy is an establishment spokesman who says the administration's wild spending and tuition forgiveness aren't inflationary.

[@govindarajua431]

Hi

[@firoze4308]

What's wrong on the starving globe.

[@richardwilson57]

So true ……. These guys at the fed are the worst possible combination of poor analytics, poor communication and poor decision making……. Buy gold, BTC and silver and just forget about these Wallies

[@chavruta2000]

El Erian never misses a chance to insult the Fed.

[@yonayehezkel3150]

صلاة العالم الروحيُّ هوعالم رغبات. في الوجود يوجد رغبتان إثنتان: ١ - رغبةُ الخالقِ في إِغداقِ البهجةِ والمسراتِ الكاملةِ على خلِيقتهِ. ٢ - الرغبةُ في تلقيِ الملذَّات والسرور الكامل للذات وهي “الإِرادة في التقبل” التيِ خلقها الخالقُ والتيِ تدعى الخلِيقة أَي”المادةُ” أو جوهر الإِنسان. لا يُوجد أي شيءٍ في الوجود بجانب هاتيِن القُوتين! فكلُّ ما بإِمكاننا إِدراكه وحتى تصوره ناتِج عن هاتين القوَتين الروحيتينِ. رغبةُ الإِنسان تدعى “صلاَة”. فالرغبةُ في داخل الإِنسانِ دائماً تستغيث وتناشد الخالق. فالروحيَّاتُ هي ما يُنميه الإنسان بالتوافق مع صلاته. ولكن صلاة الإِنسان الحقَّة هي سؤلهُ وطلبتهُ في أن يصَحح الخالق رغباتهُ الأنانيَّة ليكتسب عليهِ سمة المحبَّة والعطَاء، السماتُ التي يتحلى بها الخالقِ. صلاةٌ النفسُ ليستْ إلاَّ رغبةُ الإنسان المُصححة والتي هي بارتْزُوفَهُ الروحيِّ ورغبتهُ بقبول نور الخالقِ بنيَّةٍ صافيةٍ على أَنَّه يتلقى منْ أجل الخالق وليس لنفسه. صلاة الملك داود بن يسي ارحمني يا رب حسب رحمتك.حسب كثرة رافتك امح معاصي. اغسلني كثيرا من اثمي ومن خطيتي طهرني. لاني عارف بمعاصي وخطيتي امامي دائما. اليك وحدك اخطات والشر قدام عينيك صنعت لكي تتبرر في اقوالك وتزكو في قضائك. هانذا بالاثم صورت وبالخطية حبلت بي امي ها قد سررت بالحق في الباطن ففي السريرة تعرفني حكمة. طهرني بالزوفا فاطهر.اغسلني فابيض اكثر من الثلج.اسمعني سرورا وفرحا. فتبتهج عظام سحقتها. استر وجهك عن خطاياي وامح كل اثامي قلبا نقيا اخلق في يا رب وروحا مستقيما جدد في داخلي. لا تطرحني من قدام وجهك وروحك القدوس لا تنزعه مني. رد لي بهجة خلاصك وبروح منتدبة اعضدني

[@helpme100]

80k????😵

[@TargetMissLol]

El-Erian practically begging the markets to go down at this point. 😂

[@erikbrown77]

Watching / listening to Mohamed (and Peter Schiff) is like watching a weather reporter on the local TV channel. And whether it’s cloudy or sunny, they give the exact same report day after day, month after month after month, year after year: “It’s raining cats and dogs out there, and we’re about to get a hurricane.” Sure, eventually they’ll be correct, but are you going to be afraid to go outside until they finally are right?

[@brandonyt810]

Well i think Mohamed is pretty much spot on with his calls since q2 2021

[@anilpe]

@brandon Even a broken clock is correct twice a day.

[@zhinan888]

I agree. Economists tend to be perfect looking backwards. 😉

[@zhinan888]

At least they are better than Cramer, who give wrong advice 90% of the time

[@erikbrown77]

@@brandonyt810 Mohamed steadfastly predicted a double dip in April - May - June, 2020. Those who trusted him missed out on the “V”. I listened to him until mid-May, then no more

[@bbalila]

Now most inflation is due to oil prices, it’s a he problem from 1970s , now it’s time to shift to renewables as soon as possible so we never get in like this situation again.

[@owthattickles8738]

Lol okayyyy

[@mfmalik8939]

Am I missing something. Inflation is higher since there are tremendous amounts of money being printed . If you wan to slow inflation then slow down money printing. How increasing interest rate will help?? while money printing is going on like there is not tomorrow

[@edmundfong7288]

Does China's recent cut make it less or more likely our central bank will continue to increase Fed Fund Rate?

[@amenbrother8818]

Interesting question. China's rate cuts seem a reaction to the shutdown's Xi Jinping has been mandating in response to Covid outbreaks.

[@prewittkenneth007]

bonds are sniching!

[@theheadlightfamily4720]

Inequality in NOT a FED mandate. Powell has no business even talking about it. Stop the political influence with the FED it is independent.

[@gee1777]

The Fed is clueless and tired of hearing what they should do as they always disappoint, get rid of these PhD clowns and get some real world non economist types who know how to create jobs and value of money and support stable currencies and small amount of deflation

[@amenbrother8818]

J. Powell's your man, he's a lawyer with absolutely no economics degree what so ever! How's that working out?

[@BrisLS1]

These people have a look for radio. Pause this at any point, you have Tom Keene, who thinks literally everything can be explained by a Calculus metaphor, typing into his phone, Jonathan talking and engaging the guest intelligently, Lisa, who wears the weirdest clothes, nodding and giving a puzzled look to somebody off screen.

[@gilbertamthor5098]

Could they pick a more expensive place to meet? Jesus

[@brazilstreets7955]

Why all the comments complimentig El Erian sound like a robot?

[@theodorearaujo971]

Neutral is 8.5%.

[@kevinarea]

I hope I’m wrong in saying this (because I really like El Erian) but it looks and sounds like he is reading from a teleprompter. His facial expressions seem different also.

[@hRt42kuo7jTtmk14]

200bps hike in September.

[@Hotel_Chuck]

No way…. Probably. 25bps hike

[@ukrarex]

I wish, its not about being bearish or bullish. Its about being tired of uncertainty.

[@julianschmahl8267]

8000 bps hike

[@FollowTheRabbitHole]

a 100bps hike would be a sufficient slap in the face to the markets, as well as the u.s. government to quit the excessive spending. there's still not enough capitulation, and this recent bear market 20% spike is evidence of it (not to mention the huge flow into memestocks and others)

[@joycekoch5746]

Until M2 comes down inflation will keep re-alighting. You can crush volacity but as long as the fuel is there...

[@vrooota]

1 or 2 more hikes, midterms, black swan, crash, pivot, a period of low interest rates and new bull market going into presidential elections. That's my sequence of events prediction for the next 2 years

[@curtgomes]

Same ole play book...............

[@slum0523]

Asleep at the Wheel consequence is accident. Failed Fed. Powell still keeping his job. Perhaps Mo needs to replace Powell! 😂

[@domjohnson2579]

With who a socialist????

[@ronaldhill8423]

do people say and do things to make sure self interest aren't harmed. 2feds resigned for trading, one just a index fund was OK with the masses. basic human nature

[@lochan8180]

"And I saw the dead, small and great, standing before God, and books were opened. And another book was opened, which is the Book of Life. And the dead were judged according to their works, by the things which were written in the books. The sea gave up the dead who were in it, and Death and Hades delivered up the dead who were in them. And they were judged, each one according to his works. Then Death and Hades were cast into the lake of fire. This is the second death. And anyone NOT FOUND written in the Book of Life was cast into the lake of fire." (REVELATION 20:12-15 NKJV) Today, while you are still alive and able, may you repent from your sins, believe in your heart and confess with your mouth that JESUS CHRIST is your Lord and Savior, so that through Him, your name will be written in the Book of Life. "For God so loved the world that He gave His only begotten Son, that whoever BELIEVES in Him should not perish but have everlasting life. For God did not send His Son into the world to condemn the world, but that the world through Him might be saved." (JOHN 3:16-17 NKJV) By God's GRACE, the gift of Salvation and Eternal Life is available to all. You can RECEIVE it. You can REJECT it. May you choose wisely. 💭

[@cris471]

Your fucking religious beliefs….. keep them to yourself and stick them where the Sun don’t shine, you filthy religious Nazi bastard

[@andre-le-bone-aparte]

So stocks are not going up tomorrow? 😂

[@rwnorris24]

To: Mr. El-Erian, What happened at PIMCO with regards to your misunderstandings of Mr. Gross’s mental health challenges? An easy `Achilles Heel’ to exploit for a social climber like yourself. Sincerely, R.W.N II * as previously written to you on TWTR

[@kencarr8385]

Where are the jobs that pay a living wage ? China ? India ? Any other low ,high poverty ridden country . Ask your government. Their getting a living wage . Who’s working for who ???

[@johnng5016]

Don’t forget nat gas shut off in fall in EU and student loan forgiveness coming

[@mhustc]

mahommad for fed chairman

[@phils5650]

A very poignant observation at 0.30 "deficient aggregate supply". The other side of the inflation problem is the supply side, not just dampening demand by rising rates. Reduce the costs of production, reduce and enhance energy cost and supply, cut redtape, mobilise underutilised labour, get people back to work by stop paying them to stay at home.

[@micmccond7]

You do realize that it takes months to ship a product from Asia to the US precisely because ships travel thousands of miles at 15-18 Knott's an hour. There's a reason the gulf coast and east coast are struggling with a ship backlog while the Pacific coast is in a lull. Decisions made today don't see the effect until at least 3 months later. The US may need to start focusing on regionalized supply chain projects. Start releasing permits on shale oil extraction, open the keystone pipeline and drive down the cost of oil hopefully by the end of the year. With a key focus on oil export growth. There's no escaping the stallout...they need to focus on the recovery period afterwards.

[@yttean98]

This is the impression he created for all the watchers of what is happening to Afghanistan is not good. History will not be kind to him and more importantly the attitude of his people towards him. He should have stayed back and faced the Taliban. This way he could at least protect his reputation, no matter what the leader holds the last portion of the rope that was cut off which means taking the blame/responsibility, etc. To make it worse he left with a bundle of cash, his explanation true or false, he already created a bad impression. The bottom line Taliban does not play fair, who does?

[@rhetoric5173]

He’s Egyptian

[@romanmiles7403]

TRUSTED INFORMATION

[@durihye2405]

Always good to hear your thoughtful and logical analysis. I don't care about bullish or bearish market. Trade a small percentage of your portfolio rather than going in and out every couple weeks trying to time the market trading went smooth for me as I was able to raise over 8.4 BTC when I started at 3 BTC in just few weeks implementing Bryan Anderson and tips..

[@lordofrodinia5033]

I have heard a lot about this guy on so many channels here on KZbin, some call him the crypto messiah! could he be the new wolf on crypto street

[@jurgen7540]

Bryan is one of the best in the crypto market… I was able to recover my loss with his strategy during the fall and his daily signals are 100% viable. It was very easy compared to other programs i have used in the past.

[@leonardogustavo2929]

My story and experience with Bryan is not a regular story i mean it was not easy getting here even with his help but at the end of the day i was able to bounce out with awesome pr0fit

[@godanddevil.5331]

Crude oil should exchange only with gold and silver ALL dollars are fake rich dad Robert KYOSAKI said........

[@heyphildow]

Equity markets are calling the Fed's bluff and no one knows if the Fed is holding the cards, Fed included.

[@wallstreetgambler9151]

oh boy u spoke too soo I was looking at 421 spy break and let's just say today was brutal. bears won big

[@heyphildow]

@@wallstreetgambler9151 I did speak too soon. Up until Friday seemed to be the case but Friday changed that. Fed seems serious and markets finally took them seriously.

[@wallstreetgambler9151]

@@heyphildow I thought the same. then this guy Jerome ruined it. I think this week we shall see more selling as well.

[@pakpala1]

Billionaires have too much money, it is the reason we have inflation..