Markets Weekly August 17, 2024

#federalreserve #marketsanalysis
More Softlanding Data
Harris Proposes Price Controls
Gold Surges to ATH

00:00 - Intro
1:10 - More Softlanding Data
5:08 - Harris Proposes Price Controls
13:25 - Gold Surges to ATH

For my latest thoughts:

For macro courses:

My best seller on monetary policy:

[adamsalbert]

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.

[tolgak]

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

[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.

[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!

[michaelbrennan]

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

Thanks Joseph!

[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...

[chrisp]

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. ❤

[daveschmarder-]

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.

[Anon-ndek]

Thank you Joseph! Hope you have a wonderful weekend.

[MrLavro]

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

[sbain]

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

[raymicciche]

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%.

[teku]

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)

[philipvjones]

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.

[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. 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.

[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

[tonequin]

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

[teku]

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

[bobsondugnutt]

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.

[raymicciche]

Food scarcity and black markets too. See Venezuela