The Fed Doesn't Want Bank Failures In The News | Nick Timiraos

Nick Timiraos, chief economics correspondent for the Wall Street Journal and author of “Trillion Dollar Triage” joins Jack Farley to share his analysis of yesterday’s meeting of the Federal Reserve’s Open Market Committee (FOMC). Filmed at 10am ET on May 4, 2023.
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

[kennethrobinson]

Powell: The banks are fine.
Media: What is Powell supposed to say?
Banks: We’ll it was fun while it lasted.
Let’s never hold anyone to account, just like 2008.

[celestialfix]

If they’re trotting out Timoros to try and explain their mistakes then they must be terrified at what they’ve done.

[teacup]

Thank you for your work. The video is awesome 👏

[celestialfix]

Nick, how do you explain the incredible level of Fed incompetence that led them to continue buying billions of dollars of MBS each month at a time when people were selling their homes for $100, 000 over asking price? Pray tell.

[MC-oopk]

Jack, if you ever start you own channel, I have no doubt your listener base will follow and even pay for the content. Keep up the great work.

[persy]

It would be a smoother conversation to listen to if you just asked one question at a time. Especially because theyre not usually closely related. You are the only reporter there so you can ask another question after.

[makedaily]

"Nothing in the world is more common than unsuccessful people with talent." --

[jurgbalt]

to get info from Timiraos - is better than to get it from JPow him self

[oneeleven]

The problem I have with the whole system…it’s like playing a board game & when things don’t go your way u make up another rule & another, then another 🤷‍♂️

[XuEverything]

Because Nick gets inside tip from the Fed, he definitely was more polite and held back on criticizing the Fed and try to find ways to give reasons behind the Fed’s decisions.

[bruteht]

Imagine banks requiring a 30-day notice before you can get money out or pay a fee, of course.

[theartofancientegyptianmet]

The entire conference side-stepped the Elephant—The failing Banks that have/will piled up as the Rate increased.

[tomwilkins]

It blows my mind that anyone can have a conversation about the Fed with a straight face and pretend like this is a respectable topic worthy of some modicum of reverence and respect. What a bizarre world we live in.

[nslcap]

Ride the Tiger! :) At least until the Ketchup volcano

[thomaskauser]

Why would you buy a treasury bill and wait for Congress to decide when you get a return of principle ?

[ChuckSwiger]

The only thing we have to fear is fear itself.

[itsallminor]

Jack. JACK, I'd like you to address, if you could, lab created diamonds. And what technology and inventions into the rare earth metal and precious could mean. Whatever the rare earth commodity, the lab created diamond market i find disturbing on deciding metals and mineral asset valuations.

[tonycove]

Its nice to say banks will be safe from failure and all will be well if the Fed just guarantees all bank deposits, but all that means is the creation of more unbacked money in circulation and pure inflation.

[MrDomputt]

Nice interview but regular investors should keep 2 year’s emergency fund and invest the rest in index 500 and watch golf or babes on youtube

[Nonsequitor]

Is your channel called blockworks or forward guidance? Channels are supposed to have one name.