Robbie Bernstein
๐ค SpeakerAppearances Over Time
Podcast Appearances
I was like, how do I not take any shots fired?
Yep, this was a nightmare of an interview.
I personally like, he has an argument, but I really like the inflation clip.
Well, on that last point, his argument is essentially let's cook the books, let's juice the numbers, let's have a good economy, and then when the inflation comes, let's deal with it then.
But let's wait until the inflation comes.
The problem is if things are going too good, the inflation is inevitable because it's based off of the cheap money that's being printed or that's available.
And so to your other point of why is the stock market doing well, if the interest rates going down or if the if things are going well, so we got to bring it because it's all fictional gains.
it's just based off of that interest rate and that people are piling into uh these assets with returns because there's nowhere else that they can i mean there's a direct correlation between what the bond market interest rate that you can get you know if the if the government if i can get a government bond at 10 why do i want to be in the stock market at all and then everyone pours out of the stock market um but yeah i mean what he's he's arguing let's cook the books
I want to have a good economy and we can get this thing going with lower rates.
But the problem is we know that there will be inflation and that's why we don't do it because it's not actually helpful.
And in this case, I don't even know if dropping interest rates to zero gets gets things moving.
It's also another just not that I want Donald Trump to keep to this, nor was it a campaign promise.
But six months ago, he was talking about how the president should be involved in the discussion about interest rates.
You know, that was no, that's right.
I got a wild amount of stuff.
Assuming I get across the border, it'll be a burn at New York on Thursday.
Fans got a nice one right out there.
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And I'm excited to not be home for any more weekends for a while because my God, do I hate it.