America Is Risking A Liz Truss Moment | Kevin Muir

ohh man, sure sounded smart until he said Trump would fire Powell. Does this guy talk out of his A$$ about everything ?
Thanks for playing. bye bye

Just the man I want to hear from. I am thinking the one big beautiful bill passage could create a Liz truss moment.

Canadia is full of whining commie cry babies😂

Economists are terrible; but, if the politicians are actually running the show, we're toast. Okay, we're toast, anyway 😢

We rode out the 2008 recession, kept buying, and profited for 17 years. Knowing a crash was coming, we sold 80% of our stocks in January. Happy with the safe 4.5% CD since we don’t need this money to live on. We'll buy low but have no confidence that things will get better anytime soon.

cool guy and interesting insights. some criticism: 1. on his MMT comments, he is not making a difference between CPI inflation and asset inflation, so his MMT points are moot. 2. of course, at a large amount of debt, raising rates is stimulative. because it feeds so much money into the system (through domestic bond holders). 3. he is so sensitive on "relationship between us". cute existential crisis. and then you vote for the same clan in Canada?

I'm super confused. will the stock market go up or down?

Thank you for the content! The key to success is having the right advice on how to invest in the financial markets. I was able to generate substantial profits yielding to over 113k trading the market this year, regardless of market conditions. With the right strategy, it's definitely possible to achieve impressive financial growth.

MMT only "works" in the years between an empire peaking in geopolitical dominance and other nations realizing that said empire's fiat currency is make-believe paper.

The trade deficit is compared to Nasdaq. My question is does the services that those tech companies export to the whole entire planet, do they calculate that? If not, my question is why not? If you do that then the trade would probably be surplus. So deficit in goods trade is outsized by the surplus in the services.

Now everyone including wall street is talking about bond crisis , even retail investors know it. Nice

I used to think investors lose out amid crash, meanwhile some make cash. Used to think folks went out of business during the Great Depression, but some went into business. Bottom line, there's always crisis and opportunities. You choose !

Manufacturing competitiveness has nothing to do with the value of the dollar. China has their currency pegged to the dollar and so does Europe, more or less. Moreover tariffs can solve the jurisdictional arbitrage opportunities - tariffs effectively transfer private sector profits from jurisdictional arbitrage to the government of the tariffing country. We have lived in a bizarre period over the past 50 years where governments allowed the private sector to profit from jurisdictional arbitrage. Historically that's not some sort of a "right" that anybody has because international trade corridors are secured by governments.

Manufacturing competitiveness is primarily driven by innovation and the creation of unique products. The US dollar was strong in the 70s and 80s and the US had the best car industry then and the US has always been the biggest exporter. Even today the US is the biggest exporter in the world. This conversation is completely offsides. All other countries have far smaller exports than the US. The combined exports of other countries are starting to match the US exporting power and that's why the orangutan is complaining.

Basically, the US eats cake and the rest of the world eats stale bread and now the US is mad that China is starting to eat cake too. Anglo-Saxon policy really isn't about making their lives good as much as them making other people's lives miserable.

That is the question

Is inflation greater than growth?

Money creation is inflation by definition

But most money is created by the state borrowing from itself

Money can be created by printing banknotes

Money needs to be created before its spent

Yeah. Trump and Lutnick holding companies hostage and considering capital controls remind me of communist countries or post-soviet Russia.

GFC, no American created financial crisis.

I always pictured Kevin with a 70s porn mustache. Did not disappoint.

I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. I’d appreciate any recommendations for strong, high-performing dividend stock.....

Tuned out when the started bashing Trump.

It was all fine till he says too many people want to invest in US. For different reasons, people are hurting, especially in Europe. They have no surplus. Neither does Japan. Chinese are banned. Oil is low so the Gulf states are in deficit. AI is not the hegemonic tool as planned. Exceptionalism is a weak argument

It’s not wrong they just keep moving the consequences forward… Basic old school economics still apply. 2008 and covid just resulted in inflation and 100 years of debt… there are only so many times they can bailout the market… Covid was the last time it can happen, next crash will be a depression everyone gets wiped out… Trumps reckless ignorance will result in the devastation of the United States…

Ummmm, no. 🙄

Cryptocurrencies are tulip bulb level fraud.

Only idiots like it

Amidst shifting economic tides, the Fed's early move on interest rates before hitting the 2% inflation mark signals a crucial turn for investors. This isn't just about stocks and bonds reacting; it's a ripe moment for crypto enthusiasts. As traditional markets recalibrate, the crypto world beckons with its promise of growth and diversification. It's a call to action for investors to rethink strategies and possibly ride the wave of change that's sweeping through the financial landscape.....managed to grow a nest egg of around 100k to a decent 532k in the space of a five weeks... I'm especially grateful to Ken Halper whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

Fn banger. Top shelf!

Coming out of facing alot, I knew two things about the stock market: It caused the Great Depression, and the fastest way to make a million on the markets was to start with two million. And then the Great Recession happened only a few years later. So yeah, I wish someone had better explained it to me earlier in life. Having a good entry and exit strategy will make you succeed in the stock market.

From $37K to $45K that's the minimum range of profit return every week I think it's not a bad one for me, now I have enough to pay bills and take care of my family.

He spoke as if we were friends at first, but then it just came down to America being a good customer. we will always buy your commodities because you give them up so cheap. And you will always be welcome to buy a condo in Florida or Arizona. Trump will be gone in three years. I believe his riff with Canada was just trolling Justin Trudeau, because conservatives in America really hate that SOB! Another thing Canada needs to withdraw from NATO and disband its military. Nobody’s gonna attack. And on another note, Trump’s plan will not be successful because we are too reliant on China and couldn’t build out a manufacturing base that Big if we had 100 years

Why do people say ruffer is a good firm? Their returns have been uniformly terrible for decades now

Great interview and a relief to see someone cite MMT in an intellectually honest way... Agreed that MMTers underemphasize the role of private money creation... That being said, Kevin is not correct in stating that the MMTers did not warn abount excessive fiscal spending in 2020... E.g., Randy Wray explicitly warned about the stimulus package not being targeted enough.. to claim that anyone (Mosler, Kelton, Wray...) said that "that inflation doesn't count" is the type of reckless statement that holds back heterdox economics, which ironically he lamented earlier...

Guy talked for an hour and said nothing.

I'd say our relationship with Canada fundamentally changed when Canada elected a Communist, beat down its citizens and removed their right to assemble and right to free speech, destroyed its own energy sector, let in over 1 million immigrants in one year, and became the route of choice for fentanyl while working closely with the CCP. Then, for an encore, self-sabotaged by electing a WEF lackey just because their feeling were hurt. I love Canadians, I even lived in Guelph when I was a kid on 110 Renfield street, but their docile personality (generalizing here) is intrinsically self destructive. Canada could make some choices now that could turn the tide, but they won't.

Bears sound smart, bulls make money

Trump admin has said they don't care about the stock market. They want Mainstreet to catch up. 8% of the US population own 90% of all the stocks. This hurts the least amount of people

This aged well 🍷

As a Canadian , It really frustrates me to hear how arrogant we are as a nation and hear other Canadians claim "Our Goods". Canada has little domestic goods except for commodities. We are a service based economy. The "Goods" we sell are American Goods built in Canada then sold back to America. We build a Ford in Ontario and pretend Ford is our company??? Our entire economy runs on American software and tech. 95% on what I touch in my home is of American or Chinese origin. So please Mr. Muir explain in detail what Canadian Goods except for commodities are you speaking of? and if we are being honest with ourselves and not arrogant idiots why are we entitled to production from American companies?

Really interesting discussion.

Sooo many stupid built in sponsorships. Great content but guys all the interruptions are annoying. We just fast forward through the sponsorships anyways.

Great explanation
Thank you ☺️

Rates have been higher, e. g. in Oct 2023, and on some auctions in last years not all bonds could be sold to investors.

Very timely video, let's see if this marks the top of US10Y.

Good to have someone on who really understands what's moving markets

But by papering over covid they set inflation on fire necessitating interest rate rises and creating an unaffordable housing crisis that may last a generation. Nothing happens in a vacuum.