Premium Only Content

Economy Keeps Muddling Through -- Wolf Richter #5815
Wolf Richter summarizes that the economy is a mix of different sectors, with some doing well and some struggling. Consumers are still spending, but the banks are facing high interest rates and the commercial real estate sector is facing repurposing and foreclosure. The auto industry is seeing a decline in sales, but Tesla is still doing well.
Tesla is shaking up the auto industry by cutting prices and building production capacity in large amounts, forcing legacy automakers to compete on price. This is good for industrial America and consumers, but bad for automakers as sales of internal combustion engine vehicles are at levels not seen since the 1970s. Electric utilities are also benefiting from increased electricity sales.
Wolf Richter and Kerry Lutz discussed the current state of the financial system, with Wolf noting that the economy is adjusting to higher interest rates and that banks are struggling with them. They also discussed the possibility of the Federal Reserve cutting rates and the potential impact it would have. Wolf concluded that the economy will muddle through and that it will be many more years before autonomous driving is widely available.
Visit Wolf's site: https://wolfstreet.com
-
13:07
Financial Survival Network
1 year agoConcentration and Debt in the Market with Eddy Gifford #5957
118 -
LIVE
Inverted World Live
2 hours agoGhislaine Maxwell Gives 100 Names to DOJ | Ep. 81
7,829 watching -
LIVE
TimcastIRL
2 hours agoBREAKING: MASS SHOOTING ERUPTS In NYC, Police Officer SHOT, FBI On Scene | Timcast IRL
18,115 watching -
LIVE
MyronGainesX
20 hours agoNYC Active Shooter, Trump EU Deal, Candace Sued By Macron, Ohio Thugs Assault Couple, And MORE!
2,110 watching -
LIVE
ZWOGs
9 hours ago🔴LIVE IN 1440p! - EFT w/ crgoodw1n, Kingdom Come Deliverance, Splitgate 2, & More! - Come Hang Out!
160 watching -
30:09
Afshin Rattansi's Going Underground
1 day agoCurtis Yarvin: ‘Trump 47 is 10x More Powerful than Trump 45’ & the TOXIC US-Israel Relationship
2.85K24 -
LIVE
Drew Hernandez
6 hours agoTRUMP HINTS DEMS COULD HAVE PLANTED FAKE EVIDENCE & MANIPULATED EPSTEIN FILES
920 watching -
LIVE
Eternal_Spartan
9 hours agoThe Legend of Zelda: Majoras Mask Ep. 5 | USMC Vet | Come Join the Best Chat on Rumble!!!!
72 watching -
LIVE
Barry Cunningham
4 hours agoPRESIDENT TRUMP HAS DESTROYED WOKEISM! DEMOCRAT PARTY IN SHAMBLES!
6,822 watching -
LIVE
The Pascal Show
2 hours ago $0.06 earnedBREAKING! Active Shooter In Midtown Manhattan NYC Multiple People Shot!
123 watching