Well stated..............may I add my disgust for the way media understates the strong economic rebound we are experiencing overall as a nation........it appears networks are so busy to air their reports that the time it takes to be accurate is diminished........getting the story on air, ahead of others, it of utmost importance.....................
Some problems are intractable with no solutions visible. Israel-Palestine/Gaza is one example. Other problems, like the budget deficit, have simple solutions but no one in government seems to want to implement them because it might hurt their personal money supply: Raise taxes on the rich and cut unnecessary military spending. As you say, interest rates are tied to uncertainty, and nothing is more uncertain than finding rationality in right wing politics.
Oct 10, 2023·edited Oct 10, 2023Liked by Robert Reich
Definitely having a “flood the zone with stuff” problem right now. Prof. Reich seems right on with the underlying cause of higher long-term rates. It fits most accepted models of how financial markets handle risk. But there is some really poor reporting by the financial press.
For one, there is the idea of an inverted yield curve--higher short-term than long-term rates--foretelling a recession. So we have the opposite, which is supposed to be normal and signaling a healthy economy. The hysteria of the corporate press is one of story after story looking for a recession.
One also cannot discount private equity groups seeding a narrative of hysteria. Their source of essentially "free" money has been disrupted. That puts them at risk in their pyramid investment schemes. It can be a real problem for a bad business model.
Excellent analysis. Every day it becomes clearer that the GOP can't govern, they're only able to obstruct. Twomajor Middle Eastern states are without US ambassadors. In times of crisis, we need them on the ground, prepared to report back to Washington. Ted Cruz is a major obstacle to their confirmation.
An interesting piece Robert, which I do believe holds water. I think high interest rates are being driven by the Fed, who have been trying to fight inflation though. This is essential as inflation is a serious threat to the Society, Trumpy wants to tear down. (I am sorry I have to smile, in the UK a Trump is another name for passing wind. How appropriate.)
My blood pressure is going to kill me. Perhaps that is what the right wingnuts want. Progressives are so angry and dumbfounded that we are either going to die of heart attacks from fear or strokes from outrage! When will this nightmare end? Now my favorite country,Israel, is being attacked from all sides. Are we going to have to take it to the streets? Again? Israel and the U.S. are held to a much higher moral standard than
You’ll find me with the “get rid of all the tax cuts for the wealthy” crowd. Return tax rates for them to the 1950s. And, yes, the ongoing obstruction by the republicans has to stop as well.
Isn't flunking out of Econ 101 a requirement for earning a journalism degree? I heartily recommend that reporters take Professor Reich's introductory course, all of it available free of charge on youTube. Thank you, Professor Reich, for your clear-eyed assessments over the years!
Thank you for the facts! I wish I could put this on a billboard in Florida. I did take some solace in the fact yesterday that the courts told Desantis and his joke of a surgeon general that they have to publish Covid data for Florida and have to pay the court cost (of course the taxpayers in Florida will take care of that🤬). Thank goodness for the Democrat who stayed the course for this lawsuit.
Hamas or Russia. Ukraine has achieved that status as well. These events give the very sensitive little financial markets frightful moments of the “vapors”! The markets wreck our lives and it’s nothing but the passing of gas to financial markets!
Well stated..............may I add my disgust for the way media understates the strong economic rebound we are experiencing overall as a nation........it appears networks are so busy to air their reports that the time it takes to be accurate is diminished........getting the story on air, ahead of others, it of utmost importance.....................
ah, so the ivermectin is kicking in, eh, Professor Reich? (yes, that is a joke).
i love it when you're cranky because i feel less guilty myself for being ... um ... cranky.
Some problems are intractable with no solutions visible. Israel-Palestine/Gaza is one example. Other problems, like the budget deficit, have simple solutions but no one in government seems to want to implement them because it might hurt their personal money supply: Raise taxes on the rich and cut unnecessary military spending. As you say, interest rates are tied to uncertainty, and nothing is more uncertain than finding rationality in right wing politics.
Definitely having a “flood the zone with stuff” problem right now. Prof. Reich seems right on with the underlying cause of higher long-term rates. It fits most accepted models of how financial markets handle risk. But there is some really poor reporting by the financial press.
For one, there is the idea of an inverted yield curve--higher short-term than long-term rates--foretelling a recession. So we have the opposite, which is supposed to be normal and signaling a healthy economy. The hysteria of the corporate press is one of story after story looking for a recession.
One also cannot discount private equity groups seeding a narrative of hysteria. Their source of essentially "free" money has been disrupted. That puts them at risk in their pyramid investment schemes. It can be a real problem for a bad business model.
Excellent analysis. Every day it becomes clearer that the GOP can't govern, they're only able to obstruct. Twomajor Middle Eastern states are without US ambassadors. In times of crisis, we need them on the ground, prepared to report back to Washington. Ted Cruz is a major obstacle to their confirmation.
An interesting piece Robert, which I do believe holds water. I think high interest rates are being driven by the Fed, who have been trying to fight inflation though. This is essential as inflation is a serious threat to the Society, Trumpy wants to tear down. (I am sorry I have to smile, in the UK a Trump is another name for passing wind. How appropriate.)
My blood pressure is going to kill me. Perhaps that is what the right wingnuts want. Progressives are so angry and dumbfounded that we are either going to die of heart attacks from fear or strokes from outrage! When will this nightmare end? Now my favorite country,Israel, is being attacked from all sides. Are we going to have to take it to the streets? Again? Israel and the U.S. are held to a much higher moral standard than
Thank you for another great fact based article.
You’ll find me with the “get rid of all the tax cuts for the wealthy” crowd. Return tax rates for them to the 1950s. And, yes, the ongoing obstruction by the republicans has to stop as well.
I loke your grouchiness Robert. But i hope you're feeling better physically. Dems have to fight, call out republican bs every day!
Isn't flunking out of Econ 101 a requirement for earning a journalism degree? I heartily recommend that reporters take Professor Reich's introductory course, all of it available free of charge on youTube. Thank you, Professor Reich, for your clear-eyed assessments over the years!
Thank you for the facts! I wish I could put this on a billboard in Florida. I did take some solace in the fact yesterday that the courts told Desantis and his joke of a surgeon general that they have to publish Covid data for Florida and have to pay the court cost (of course the taxpayers in Florida will take care of that🤬). Thank goodness for the Democrat who stayed the course for this lawsuit.
Hamas or Russia. Ukraine has achieved that status as well. These events give the very sensitive little financial markets frightful moments of the “vapors”! The markets wreck our lives and it’s nothing but the passing of gas to financial markets!
The uber-wealthy should be careful what they wish for.
Thanks for shedding light on this.
Please keep repeating this explanation. We know that people believe what they hear repeated over and over and over.