wall street experts don't understand macroeconomics

From fall of 2007. Here is an equity market strategist who is asked what effects lower interest rates from the FED will have on the economy. They are trying to find out if the USA is heading into a recession. This man admits that he doesn't understand macroeconomics. All he knows is that when the FED lowers interest rates, more people can get loans so more stuff is invested. This is all they know. They don't know much about the inflationary effects of the FED lowering rates.

Just beg the FED to lower interest rates and all is good.

Category:

News & Politics

Tags:

• economist
• expert
• economics
• macroeconomics
• fed
• low
• interest
• rate
• federal
• reserve
• recession

[RonPaulClips]

They have NO CLUE as to what is going on and the heavy price we're all going to pay.

[jacobtober]

"China is making strategic plays by going into Africa and South America with long term resource deals.. Is the US? No. The future is a Resource war."

all of history is a resource war!

[ipbalkenende]

? Inflation has been at record lows for over a year now. Signs of inflation wouldn't be a bad thing right now. It's just the Taylor rule they're following.

[robgobw]

So Obama Bush and Clinton and all the past presidents have great empirical knowledge of economics? Is academic knowledge in economics a prerequisite for success at the stockmarket or any business endeavour? no and no, i have an economcs degree and there is no education in the world that will get you fail proof economists

[CoolK081]

No wonder the economy is so bad. Hey aren't these people suppose to be trained at Ivy League universities ?( for the most part) WHAT A JOKE.

[popcan87]

All of you stop acting like you know everything. Markets complex systems. The guy is right, the Fed has beeen keeping rates low to try to avoid a recession. Its not all the Fed's fault for the financial crisis. It was a combination of incentive provided by the Fed, law makers, mortgage dealers, and above all the poor financial decisions of average Americans. Don't act like this guy is an idiot because what he is saying about rates is bascialy true.

[snowangel0345]

hahah what a loser.

[Nocker40]

..ok i just started taking macroeconomics 3 weeks ago, and i understand the economy better than he does

[crowndwner]

Someone shoot him in the face with a bazooka...

[genyav]

Man, I want this guys job. Lower rates, create hyperinflation but keep cheap lending. We're now feeling the effects of rates being too low for too long. Can't believe the Fed left them alone last time. When will they admit inflation is here now! Normally I stand by the Fed but this is nutty.

[limingilimingi85719]

yes but greenspawn?