WARNING: THE FED IS PREPARING US FOR THE WORST ECONOMIC PAIN WE’VE EXPERIENCED

 

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Hey ET Fam! Happy Friday! Jerome Powell delivered a pretty hawkish message to the public today. It was announced that there will be no pivot on interest rates. The main goal is to tackle inflation, and the only way the FED sees this being solved is by staying the course and remaining hawkish. naturally, the markets did not take the news too well, and we’ve already seen more charts collapsing. However, it’s worth mentioning that recent inflation rates have been a bit better than before.

So, this tough approach might end up being better in the long run. Only time will tell. In the meantime, be sure to remain cautious.

00:00 – Intro
01:31 – No pivot
02:22 – Really… no pivot
02:48 – More pain to come
03:44 – The plan changes
05:22 – Cost of energy
06:05 – Map of the day
06:33 – The FED ain't gonna save the day
09:24 – Outro

#crypto #cryptocurrency #bitcoin #btc #eth #news #money #moneymarket #finance #recession #inflation #economy #financialnews

DISCLAIMER: This is not financial advice! This is an entertainment and opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing. DYOR

WARNING: THE FED IS PREPARING US FOR THE WORST ECONOMIC PAIN WE'VE EXPERIENCED

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33 comments

  1. Thanks for your perspective… I was a young man during the peak of interest rates in 1981… the Pain hasn’t started yet… I do have hope because we weren’t close to energy independence back then as the Middle East owned our energy… we can & will be dominant again… thanks for the video

  2. I like your short update videos. 👌 I don’t want to watch 25 minutes to get the info I need from a solid 10, thank you.

  3. Awesome one Elliot. we need to be prepared for this. After the pain, comes the biggest gains.

    Trade wisely fam.

  4. I always come to this channel when I want to hear doom & gloom! 🤣

    Jk. I’m still going to DCA on the way down & then on the way back up. I can’t sit by & watch generational wealth prices go by. I need to slowly DCA the next couple of years during this bear market so that I can build my bags up. It’s easier to purchase $50k+ in crypto over 2yrs than trying to do it all at once when the market pivots up!

  5. *58:23*
    *I’m honestly impressed by the time and effort you put into these videos, Keep it up!*
    😆

  6. There’s still a high probability the Fed will pivot around Q1 of 2023. The two main reasons are: We expect inflation has peaked and will come down over the next couple months, and the November elections. Democrats don’t want to lose their seats of power (which they’re going to anyways), so they’ll want the markets to be up by the end of the year.

  7. As always thanks for the amazing content Ellio. Could you please elaborate more on “no pivot”. What does it actually mean in layman terms?

  8. @Jerrum Online his following was 586k..now 584k. I love his content alot but I love shorter direct to the point videos. You should watch ‘Crypto Casey’ to understand the point..

  9. Thank you for being one of the only rational YouTubers around. I appreciate your levelheaded, easy to understand delivery.

  10. love it elliot. Must be hard to keep making these videos when realistically its been a slow few months. Thank you againfor your work/entertainment (you are entertaining not just interesting). Been watching for years now and i do have to ask that you dont ‘tiktok’ edit your face looks weird bro, too unnatural. Thanks

  11. Elio’s last 3 videos were his best. We can rewatch it in 3,5,10 yrs and they will be gold. Short term pain, long term once in a generation gains. (Degeneracy still around 😂)

  12. Keeping people grounded. Great job! You are one very few that talks about the macro economics and impending recession

  13. I like your view… I wasn’t sure for awhile that I shared your opinion that max pain hasn’t passed already, but I’ll give credit where credits is due… have you done any videos covering the mistakes you made through the last bear?

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