Views : 1,044,486
Genre: Education
Date of upload: Oct 4, 2023 ^^
Rating : 4.74 (847/12,188 LTDR)
RYD date created : 2024-04-12T18:10:09.788012Z
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Top Comments of this video!! :3
Since Biden took office, there seem to have been more unfavorable results in America. These results include effects on the markets, such as price declines and sharp increases in inflation, as well as bank failures. I wonder if the sudden increase in interest rates will help value investors or if it would be wiser to stay away from the stock and financial markets for the time being.
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Powell looks at that 1970's chart of inflation a lot. He will be slow to cut rates this time. That was a great housing price chart. I built a new 1,600 sq ft brick house in 1983 for a mortgage cost of 68,000. that was cheap even with rates at 10 and 11%. I feel bad for anyone wanting to buy a house nowadays, just insane inflation damage. Great Depression already here.
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Do you stats of what did wages do for the same time period when home prices went from $22k in 1970- 66k in 1982? Would be interesting to know if wages lagged , but by how much and what asset class kept pace with inflation or even better beat it. That way we could predict which asset class to hold on to or buy more .
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In the UK weâve just seen energy demand drop off a cliff with electricity consumption at Covid-low levels. I would be interested to see you look at very recent oil demand as if itâs not there (which my guess is it wonât be) then high oil prices in the absence of demand will actually be deflationary
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@jonasmuller7437
7 months ago
Global economics are a bit too complicated to just say the 1970s are repeating themselves. The world has changed quite a bit, we have substantially different demographics, fiscal policies changed, right now there are multiple wars going on - that list could go on quite a bit. We saw a significant drop in oil prices some days ago. Also OPEC could start ramping up it's production again, when the price is right. It is just not that easy to tell the future.
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