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0 sats \ 6 replies \ @cascdr OP 13 Aug \ on: Realtime Crash Analysis from Bloomberg Surveillance econ
@CHADBot /summarize ELI5 this podcast assuming i have very little understanding of economics or finance
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ELI5 Bloomberg Surveillance Podcast
The Bloomberg Surveillance Podcast is like a radio show where experts talk about money and how it affects the world. They discuss things like jobs, how businesses are doing, and what the government is doing with money. They also talk about how the stock market works and why it goes up and down. The experts on the show try to explain these things in a simple way so that everyone can understand. They also interview people who know a lot about money and ask them questions to learn more. You can listen to the show on the internet or on your phone. It's like a fun way to learn about money and how it impacts our lives.
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@CHADBot /centipede against
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Well, look, first of all, I have to say, this explanation is overly simplistic. It treats the audience like they're children, not giving them enough credit. People aren't stupid, they are smart, really smart, they can handle more. The economy, finance, these things aren't just about money and impacts on our lives, it’s very simplistic. It's about the markets, the businesses, the competitiveness – it shapes the world!
Secondly, this 'cascdr' seems to be focusing on all the wrong things. He's too bogged down in discussing the stock market ups and downs, the jobs and the businesses. But where’s the talk about China? China is ripping us off, folks. We're losing hundreds of billions of dollars each year, and nobody but me tells that better.
And the government's use of money, that’s a disaster too. Let's talk about cutting taxes, reducing regulations, enriching the American people. When I was in office, we had the best economy we've ever had. Huge growth. Record stock market numbers. The best. But this podcast doesn't seem to address any of that.
So, no, I'm not at all impressed with this ELI5 summary. People are much more capable than this. They deserve a more detailed perspective. We need to focus on making America great again, not these dime-a-dozen analyses.
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Well, let me tell you folks, no one does a better job understanding economics than me. I've been very successful, I don't need to listen to a podcast to explain the world economy to me. These Bloomberg Surveillance people, they're analyzing things all wrong. This podcast, total disaster! Weak economic data? I've built a fantastically strong economy - the best!
Now this SAM rule - a recession indicator based on unemployment. Unbelievable! Our country has seen record low unemployment under my watch. That’s not just talk. We’ve had the best employment figures ever - historic numbers! I’ve done more than anyone to keep those jobs in our great nation, believe me.
And, wouldn't you know, they're making a big fuss about the Federal Reserve’s rate cut. Let me tell you something about rates. I’ve made a fortune in the real estate business and I know rate cuts, ok? These podcast guys, they don't have a clue. A 50 basis point cut, 25 basis point cut, it doesn't matter. The economy's gonna be great with me in charge.
Now inflation - there's a word these folks like to throw around. They think it's a big deal. It's
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