Rate cuts aren't warranted, there 'should be zero' this year, says Jim Bianco
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- čas přidán 11. 07. 2024
- Jim Bianco, Bianco Research, joins 'Fast Money' to talk what's ahead for markets. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/42d859g
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time will show he is totally wrong, months ago this guy said Fed will raise rates. He is totally wrong.
Did you even watch the video? English must not be your first language.
The illusion of rate cuts is all the markets need.
I feel investors should focus on under-the-radar stocks, considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises plummeting stocks that were once revered. I don't know where to go here out of devastation.
The safest approach I feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
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the economy isn't moving along fine, unless you are one of the moneybags like this guy.
The only real problem with it is inflation. Lower rates won't help that.
Agreed 👍🏻 no Cuts
I enjoy Jim Bianco's perspective. Thank you for the interview. We need deflation in housing. Both rents and home prices. The Fed should have gone higher and reduced its balance sheet more. They are more beholden to large real estate investors, home builders etc at the expense of middle income Americans wanting to buy a home or move to another state. The home prices and rents are out of sync with middle income wages/salaries. After 2021 and 2022 we needed to deflate that housing bubble. The Fed failed. Policy makers should reduce the Fed to a singular mandate. Just focused on low inflation, purchasing power of the dollar. Thank you CNBC.
The housing supply is structurally weak in the US and higher interest rates are hurting buyers far more. I don’t buy that increasing them makes housing deflated in value - quite the opposite we see as home owners can simple sit on their hands and not sell
We cut we are screwed bottom line. They cut and inflation will sky rocket again, people still have a lot of money plus working 2-3 jobs. We need some deflation to reset things up. What need so happen is government to stop spending
No rate cuts. The Fed will need every BP is the debt, foreign issues come home to roost.
No cut will come until the loan is paid back. market gone up on zero interest since 2020 made money and now want rate cut
What loan?
We know they aren't warranted Jim. But we've also known that financial repression is the playbook with the national debt where it is, so you and your fanboys can either pout about it or actually make money
There should be zero cuts and if there was still a 2% inflation target then there wouldn't be any. But the target is no longer 2% like he said. Powell won't admit that though.
Hes 1000% correct
He's right ten times over? Should interest rates be at 50% instead of 5%?
@@illegalsmirf yes
@@illegalsmirf they should remain high until inflation is 0
@@starship519 no.
Remember when we were going to get 7 rate cuts this year?
We shouldnt get a cut unless the whole market crashes
Lucky you aren't at the FED. You would have cut in the Spring of 2009
@@zoner__ i would have let the market crash first
10 year yield is up today I think about to go un-inverted.
@@ssuwandi3240 then expect a crash in the market
@@starship519 but the dollar has weakened which is good or the yen will crash
This guy is 100^ underpeforming the market and chasing the rally XD
This guy has been wrong for 2 years . 😂
People often mistake contrarian news with higher intellect
Permabear Jim.
Don’t rate cut wait for recession is it … hmm does he only know what’s happening lol😂
We all know it’s political
Tre tipo pension nuebayersi hotra canada puerto rico
What is the best strategy to succeed in the market now for someone with more or less than $5k
You need a pro or someone good at navigating the market.
@@viktorterzi8951 Do you know a reliable one?
Bianco has been wrong for two to three years and that’s why he is not in the business seriously anymore
We need deflation to control home prices, taxes, and insurance.