Jamie Dimon: The Feds Are Lying To You
Published: 2024-05-30
Status:
Available
|
Analyzed
Published: 2024-05-30
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Higher interest rates for longer are possible, with a continued risk of a hard economic landing.
"he says that we might see higher interest rates for longer and he also says that we still have a possibility for a hard Landing while everybody says that this talk of a recession is all over"
Pending
Despite recent calming, inflation is not guaranteed to remain low in 2025.
"inflation has calmed down a little bit that doesn't mean that infl is going to continue to stay calm in 2025"
Pending
Remilitarization, trade restructuring, the green economy, and fiscal spending are identified as potential drivers of future inflation.
"remilitarization the restructuring of trade there's going be some of that we don't know exactly how much yet that's going to be inflationary the green economy is going to be inflationary fiscal spending is inflationary"
Pending
There is a possibility of short supply in commodities like oil and copper within the next two years.
"commodity prices if you look at commis and oil copper there's a chance of being short supply down the couple years from now"
Pending
Projected US government spending is $6.5 trillion with a $1.6 trillion deficit in 2024, and $7.3 trillion with a $1.8 trillion deficit in 2025.
"in 2024 the estimation is that the government is going to spend 65 trillion with a deficit of around $1.6 trillion and then the estimation for 20125 is that the government is going to spend $7.3 trillion with a deficit of $1.8 trillion"
Pending
US government spending increased by 49% between 2019 and 2024, significantly outpacing reported inflation of under 23% in the same period.
"between the years 2019 and 2024 over the last 5 5 years government spending has ramped up by 49% while inflation over the last 5 years at least reported inflation is under 23%"
Pending
The US national deficit has increased from under $1 trillion pre-pandemic to $1.6 trillion.
"remember back before the pandemic the government had less than a trillion dollar national deficit now it's a $1.6 trillion national deficit"
Pending
The Federal Reserve Bank can print money and lend it to the US government, enabling the government to spend additional funds like $1.6 trillion.
"now the Federal Reserve Bank can print this money they lend it to the United States government and now the United States government suddenly has this extra $1.6 trillion to go out and spend in the economy"
Pending
The root cause of current inflation is attributed to the Federal Reserve Bank printing money, which devalues individual dollars.
"because remember what caused the inflation problems that we've been seeing now a lot of people have different opinions on this but the ultimate root cause the root cause of the inflation was the Federal Reserve Bank in the first place because when you print money that devalues the individual dollars that we have"
Pending
There's a distinction between printing more currency (money) and creating actual wealth, which requires labor and production.
"you can print more dollars but you can't print more wealth and that's what you have to understand that there's a difference between what we call money or currency and wealth"
Pending
Current US government spending of $6.5 trillion is nearly 50% higher than five years ago, and significantly higher than previously considered extremely high.
"we're spending $6.5 trillion now through the government which is almost 50% more than what we were doing 5 years ago which was already extremely high now it's extremely extremely high"
Pending
The US national deficit has increased by over 60%.
"we've ramped up our national deficit by more than 60%"
Pending
A 3.4% inflation rate is not considered a victory, as the Federal Reserve's target is 2%.
"3.4% inflation is not a win on inflation especially when the Federal Reserve Bank says that they want 2% inflation"
Pending
Cutting interest rates would stimulate the economy, leading to increased housing market activity and higher home prices.
"if the Federal Reserve Bank were to cut interest rates tomorrow what would they do that would stimulate the economy because then more people would buy houses real estate agents would make more commissions mortgage brokers would make more commissions title agents would make more commissions home prices would probably go up"
Pending
Despite popular opinion, there remains a risk of a hard landing or recession in the United States.
"there's still risks of a hard Landing in the United States meaning there still risks of a recession in the United States although a lot of people have completely discounted this idea of any slowdown happening in the economy in the United States"
Pending
The economy, like asset markets, naturally goes through cycles of expansion and contraction, a pattern observed for the last century.
"our economy goes through Cycles period our economy goes up and it goes down this has happened every decade for the last century we see Cycles like this just like we see asset Cycles we see real estate prices go up and down and up and down we see stock markets go up and down and up and down our economy also goes up and down and up and down"
Pending
An effective investment strategy should allow for gains in both rising and falling markets, identifying opportunities in downturns.
"you want to be able to win no matter which Market you are in and that means number one you want to be able to win when markets are going up and also number two be able to find the opportunity when Market are going down"
Pending
The economic conditions and investment landscape of the next 10-15 years are predicted to differ significantly from the past 15 years.
"what the next 10 years or 15 years of the economy might not be like the last 15 years"
Pending