Month: July 2023
It seems like Grandpa Warren and Grandpa Charlie are politely telling us they are mad at the banks. Caveat Emptor. https://www.youtube.com/watch?v=UgRFEwjAS9s&t=11s
Mr. Richards believes that the Fed is done raising rates now but that they also won’t be lowering rates for a while. He believes that with student loan payments starting again later this year for over 1/5 of the work…
Mr. Dimon says that we are already seeing credit drying up with banks wanting to retain capital. The Fed doesn’t control the 5 and 10-year rate, so he thinks we should prepare for as high as 7% on the 10-year.…
Mr. McGlone believes that we will experience significant deflation. He explains that we are in a similar situation to the Great Depression in that we are having bank runs. The Great Financial Crisis, until now, is similar to the Forgotten…
Mr. Cramer’s housing statistics question where the housing breaking point is in order for the Fed to stop raising rates. If people are comfortable in their homes with 40% of home owners having no mortgage and 80% of the rest…