Powell Testifies Before the House | Bloomberg: The Close 07/10/2024

[@palebiss1646]

Another excellent video and conversation. I recently become a subscriber and have been binge-watching and loving your content. Could you first elaborate on why you choose a Roth 401(k) rather than a business 401(k)? I had always assumed that it was preferable to start with conventional since, as I understood it, there is no true tax benefit until you made over $125,000. Unless you've already talked about it in an other video? Connection?

[@FreemanJameZ]

a dependable wife and a contented spouse of my own, to outsiders it would seem like a cozy and content household. With a bucket method, I'm investing three years' worth of funds in the brokerage account to ride out any sequence of returns risk, and I intended to use these films to supplement my education efforts with my kids and grandkids.

[@CoreyLloydo]

Everybody who has ever had to clean out the homes of their deceased parents and all the "stuff" that ended up in the garbage knows where it will eventually wind up, therefore we don't need any more stuff!

[@OscarOwenn]

After retirement, when my dad acknowledged his genuine hoarder tendencies, I made the decision not to be my father's daughter in that one area. However, our parents also saved money for my brother and me when we wished they had used it for themselves. In any case, I really like your potential on your brokage's account, so I'm sorry to inquire about how that worked out.

[@agentjacob4099]

Concern over unforeseen medical expenses or the need for long-term care was one overlooked factor.

[@FreemanJameZ]

My parents both grew up during the Great Depression, therefore I was raised with their frugal ways. Even though I am a multimillionaire with no debt, I try to wash and reuse plastic bags and reuse aluminum foil. Look at her. It's easy to say that *Leah* *Foster* *Alderman* assists with early retirement, planning, and finances.

[@noremacmada]

I think the anchors have good rapport. Fun to watch!

[@gideonbeverly2516]

Always enjoy the show. And I am right with her when I see anything dealing with or resembles something from Star Wars

[@bytemuncher1]

Dan Suzuki was awesome. Great conversation!

[@showme1024]

Motorola Pager, Romaine? 143 😂😂😂

[@showme1024]

And Go England 🇬🇧 👏 🙌

[@noremacmada]

40:13 - I feel I'd be more likely to believe that story if I also believed inflation was accelerating 1:14:38 - Time series chart of inflation y/y rate 1:30:33 - CPI expectations

[@noremacmada]

Egg all over my face today. I'm going to check back in a week to see whether my skepticism was ill founded.

[@noremacmada]

As of this morning I'm still not convinced that I believe the 40:13 story. Plus, like, yesterday, we saw a CPI print indicating, on a m/m basis, deflation. Now I'm worried about a growth scare😮. I'll be watching closely for any sort of guidance as to what low duration instruments fit the risk profile of someone looking for guaranteed income with a risk free counterparty, because, right now, I just don't think I have the tolerance for equity vol.

[@noremacmada]

Checking back (with myself) after a week. No real updates, I think I'm just being patient and watching the data. I'll check back (with myself) in another week.

[@noremacmada]

Still being patient. And I hate waiting. Need to watch yesterday's press conference this weekend.

[@noremacmada]

This week leaves me feeling relieved that the post-hiking, increasingly-post-QT financial system is robust enough to withstand a growth scare without triggering emergency cuts. In my mind, Greed won out over fear this week. But I feel we did experience a growth scare. I don't really know the post scare playbook, but I do have some thoughts I'll save for later...