Views : 134,103
Genre: News & Politics
Date of upload: Feb 9, 2024 ^^
Rating : 4.873 (21/642 LTDR)
RYD date created : 2024-04-07T19:10:01.395576Z
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Top Comments of this video!! :3
My wife and I, both in our 40s, married 14 years, 2 kids, only make 155K a year combined together. Only debt is the mortgage. We wouldn't know what to do with $400K a year. I'd like to see these people live on what we do. what could I do with this money to bring in more revenue for to cater for the kids?
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I'm going to take the word of the guy who is in charge of monetary policy who has consistently stated that they are going to 2% inflation and has said repeatedly (and even more so lately) that they don't really need to lower rates with the economy running hot and unemployment very low. These clips where people make specific rate cut predictions in a specific timeframe tend to not age well on youtube.
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What Mr. Kumar is saying is different from what Powell has said. Powell wants to get to 2%, maybe not this year but then for Mr. Kumar saying that it will be higher to me means he is not listening to Powell. Now will Powell start cutting rates in May/June, maybe but that will depend on the data. Cutting rates aggressively the way Mr. Kumar surmises is dead wrong.
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Sounds like people are searching for any credit event to get interest rates down as the debt servicing cost at high interest rates is unsustainable (over $ 1.6 Trillion / year of interest cost for US debt!). CRE situation is not the basis for rate cuts. It’s the basis for taking write downs on loan exposures and will erode Bank/ Lender equity / capital base. Not the reason for rates to come down especially when inflation is high!
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@graywilliams_77.
2 months ago
Real estate investors losing money is music to my ears. They are a major reason why the real estate market is the way that it is now.
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