[1] https://www.chicagofed.org/research/data/nfci/current-data
Highly regarded finance guys aren't podcasters or media personalities. If the guy could predict the direction of the economy, he'd be a trillionaire living his best life. Not peddling silly books and hosting podcasts. But then again, jim cramer has a following. How do explain that other than the masses are naive.
> His reasoning is that the regional banks are being extremely tight with lending right now, and by the fourth quarter many small/medium businesses will have trouble staying afloat due to the lack of financing.
He is just parroting nonsense he saw on cnbc or read in a newspaper or on social media. Just like every grifter out there. Do you really think he has inside connections to all the regional banks? To the FED?
Dave Ramsey once said anyone should be able to get a 12% return in a mutual fund. What?? Jim Cramer's constantly picking stocks and is about as good as a drunk monkey with a dartboard.
Everything Clark Howard has said that I've looked at doing, I've vetted and researched. Sometimes he gets it wrong, but I believe he is an honest actor and just trying to help people "Save money, Spend less, and avoid getting ripped off."
Honestly, nobody knows, but I put more weight on his take than most.
What does it matter it's 1/5 of Wall Street salaries? Even worse, saying they aren't "important" because of how much they earn, I feel disgusted reading this comment...
I can understand the limits of text to convey subtle meaning but if you're that far removed from culture that you cannot pick up when someone... I am loathe to say "alludes" (more like beats you over the head) to the most famous piece of satire in all of history then maybe you should consider getting off the internet and picking up a book.
(And yes, the "fuck you" is in jest, I'm still astounded [and a bit ashamed] I didn't pick up the sarcasm at first...)
Sorry.