Budget off slightly. You better catch up real quick or youre going to have a judgment of possession against you and get addicted to anyone thats homeless is history like garbage people look at you like a monster or someone bad or you chose to be there most of the time its not the case see how it is to be poll in the worlds richest country. Max factor this is the kaiser report excellent news for stock market bulls looks like the mayans were a little off in their predictions the world is ending ending soon and nothing could be more bullish for stocks stays of course if you look at the stock market over the past month weve had some extraordinary days especially for companies that declare bankruptcy right this is the new adding dot com or a blocked chain to the end of your company name and it sends your stock price soaring in particular weve seen like a lot of companies go up over 100 percent in a day once they declare bankruptcy so conspiracy theories claim mayan calendar was wrong and wo
This year at 9. 3 . Then recovering next year to five or 6. 5 in 2021. Now pce inflation under 1 . Longterm federal funds rate again, they see it at 2 1 2 , getting back to that. But again no raise in rates for the next two years. Now in the statement, theyre very interesting language. They put in financial conditions have improved in part reflecting policy measures to support the economy and the flow of credit to u. S. Households and businesses. They have had weaker demand it says on, as well as oil prices have kept inflation historically low. Federal reserve is committed they say to use the full range of tools to support the economy. This was a unanimous decision but again, charles, holding the federal funds rate where it is at least through 2022 is their projections. Back to you. Charles edward, thank you very much, my friend. Hopefully well come back to you for some Additional Information but right now i would like to bring in to discuss, kaltbaum Capital Management president , gar
Commissioner bernie kerik. After three months of the coronavirus crisis, days of protests and arrests, new york city is back. Cue the Frank Sinatra music. Were open for business. We have a stages of recovery for the nations biggest metropolis. All that and more on making money. Charles sector rotation has been going on for about a month. Initially it was stealthy but no longer. In fact it cannot be ignored. Think about this, energy was bestperforming sector. Followed by financials and industrials names. Defensive sectors like utilities, staples, they were worst performing. Old adage, growth at any price . Maybe it found a price. Technology and Communications Services names. They put in a pedestrian performance. Today i have to say they look pretty lackluster as well. Where should you be investing right now . Lets ask two of the best. Rosecliff managing partner mike murphy and Gibbs Wealth Management cio erin gibbs. Mike, it has been too long. I have to go to you in part. You were one o
Run with a packed show today so lets dive right in. And we need the program with the latest policy update from the Federal Reserves federal open Market Committee as expected fed chair drone powell announce Interest Rates will hold near 0 through 2022 but the real question has been what action will the fed take moving forward. Since march weve been purchasing sizable quantities of treasury and Agency Mortgage backed securities you know or to support the smooth functioning of these markets which are vital to the flow of credit in the economy. Our ongoing purchases have helped to restore the Market Conditions and have fostered more accommodative financial conditions as market functioning has improved since the strains experienced in march we have gradually reduced the pace of these purchases to sustain smooth market functioning and thereby foster the effective transmission of Monetary Policy to broader financial conditions we will can increase our holdings of treasury and Agency Mortgage
Have no statistic that proves that more than the rise of Zombie Companies right this is why money printing doesnt fight the flesh and it causes deflation because youre pouring money into companies that are zombies that have inability to function as ongoing enterprises but because they are friends of the central bank and because Steven Knutson and donald trump in the all those folks in washington believe it strategically important to keep their donors these are donors thats who are being kept alive here are the corporate donors into Trumps Campaign are being flooded with cash even though their underlying businesses are not viable and no longer able to sustain themselves and you end up with as zombie economy and this is growing by leaps and bounds and anybody knows that in a zombie film the zombie is the living dead the walking dead right theyre dead theyre Walking Around and they try to kill everybody else. Around them to keep themselves going and this is the same thing that were seeing