'Impotent' Fed policy will fail to contain 1970s-type inflation, investor Peter Boockvar predicts

cnbc2021-06-10

Most people want to forget this part of the 1970s. But inflation is back, and investor Peter Boockvar predicts it will be the most widespread in decades. "Monetary policy ... is right now impotent in ...

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Comments

Alvin1975
2021-06-10
Alvin1975
Like and comment pls
Cicaf
2021-06-10
Cicaf
Like and comment please
- Cicaf:
  Ok
- Lgdnic:
  Deng
Fanshuu
2021-06-10
Fanshuu
“Impotent”! Hahaha... nice one!
onlyYou
2021-06-10
onlyYou
oh yea
Amira2707
2021-06-10
Amira2707
K
dpyc
2021-06-10
dpyc
Will market respond?Pl like n comment
- Ella12345:
  Okkkkkhv
- PCX:
  Ok
- Kingkong1234:
  Ok

Leave a comment

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According to the Mortgage Bankers Association, fewer people are refinancing. Last week,total mortgage application volume dropped 3.1%, it reported.\nTo Boockvar, the bigger story is the refi index's longer-term trend.\n\n\"The levels of refis are at the lowest level since pre-Covid: February 2020,\" noted Boockvar. \"So, we're not getting that stimulative impact from very low rates anymore.\"\nBoockvar went on inflation watch in the middle of last year.On \"Trading Nation\" in August, he said significant progress on the Covid-19 vaccine front would ultimately spark sharp demand. As a result, inflation would break out.\nSo, can anything be done right now to contain inflation?\n\"The Fed knows how to tackle it,\" he said. \"It's just a question of whether they have the guts to do so.\"\nBoockvar doubts the Fed will end quantitative easing or hike interest rates sooner than Wall Street anticipates because of the likely fallout on the stock market and economy.\n\"I'm in the camp that it [inflation] lasts longer than others think,\" said Boockvar, who suggests higher prices will hit almostevery corner of the economy. Once businesses hike prices, he warns, they don't recede at a flick of a switch.\nDue to inflation pressures, he anticipates the benchmark10-year Treasury Note yieldwill break above 2% before year's end.\n\"That will create its own hurdles for the stock market,\" Boockvar said. \"The stock market has rallied here of late, and it's back to highs because of the pullback in yields.\"\nThe 10-year yield closed at 1.49% on Wednesday, slumping more than 6% over the past week.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":189721987,"gmtCreate":1623289885549,"gmtModify":1704200159279,"author":{"id":"3573788625955643","authorId":"3573788625955643","name":"Alvin1975","avatar":"https://static.tigerbbs.com/beba0668af2d109b87221754e75935b3","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3573788625955643","authorIdStr":"3573788625955643"},"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189721987","repostId":1160718471,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":189780113,"gmtCreate":1623288907132,"gmtModify":1704200125427,"author":{"id":"3582685915272084","authorId":"3582685915272084","name":"Cicaf","avatar":"https://static.tigerbbs.com/89d23feb4d833b076b3c82458b3d41f0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582685915272084","authorIdStr":"3582685915272084"},"htmlText":"Like and comment please&nbsp;","listText":"Like and comment please&nbsp;","text":"Like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/189780113","repostId":1160718471,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4681116,"gmtCreate":1623393321197,"gmtModify":1663228438728,"authorId":3582685915272084,"author":{"id":3582685915272084,"idStr":"3582685915272084","authorId":3582685915272084,"name":"Cicaf","avatar":"https://static.tigerbbs.com/89d23feb4d833b076b3c82458b3d41f0","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.90%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":189780113,"type":1,"supId":4659395,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":4659395,"gmtCreate":1623289060459,"gmtModify":1663228332632,"authorId":3584100767586786,"author":{"id":3584100767586786,"idStr":"3584100767586786","authorId":3584100767586786,"name":"Lgdnic","avatar":"https://static.tigerbbs.com/493d41d71270a52770b856ed4e663073","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":189780113,"type":1,"supId":0,"prevId":0,"content":"Deng","text":"Deng","html":"Deng"}],"langContent":"EN"},{"id":189795131,"gmtCreate":1623287907023,"gmtModify":1704200091442,"author":{"id":"3576629019645766","authorId":"3576629019645766","name":"Fanshuu","avatar":"https://static.tigerbbs.com/27c3506ac91aba524d8796fabd50c2f8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576629019645766","authorIdStr":"3576629019645766"},"htmlText":"“Impotent”! Hahaha... nice one!","listText":"“Impotent”! Hahaha... nice one!","text":"“Impotent”! Hahaha... nice one!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189795131","repostId":1160718471,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":189791507,"gmtCreate":1623287750609,"gmtModify":1704200086604,"author":{"id":"3581973193946918","authorId":"3581973193946918","name":"onlyYou","avatar":"https://community-static.tradeup.com/news/0108e9ddac2049295967c2731569e0d5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581973193946918","authorIdStr":"3581973193946918"},"htmlText":"oh yea","listText":"oh yea","text":"oh yea","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189791507","repostId":1160718471,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":189471543,"gmtCreate":1623287066682,"gmtModify":1704200058587,"author":{"id":"3585589568228819","authorId":"3585589568228819","name":"Amira2707","avatar":"https://static.tigerbbs.com/fb5d64393f93fe520d3aaf01734ca205","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3585589568228819","authorIdStr":"3585589568228819"},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189471543","repostId":1160718471,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":189471047,"gmtCreate":1623287033989,"gmtModify":1704200057940,"author":{"id":"3582979456757749","authorId":"3582979456757749","name":"dpyc","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3582979456757749","authorIdStr":"3582979456757749"},"htmlText":"Will market respond?Pl like n comment&nbsp;","listText":"Will market respond?Pl like n comment&nbsp;","text":"Will market respond?Pl like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/189471047","repostId":1160718471,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4658707,"gmtCreate":1623287134752,"gmtModify":1663228327228,"authorId":3582705285814354,"author":{"id":3582705285814354,"idStr":"3582705285814354","authorId":3582705285814354,"name":"Ella12345","avatar":"https://static.tigerbbs.com/6fb85787771e7c52590530c8fdf627c6","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":189471047,"type":1,"supId":4658689,"prevId":0,"content":"Okkkkkhv","text":"Okkkkkhv","html":"Okkkkkhv"},{"id":4658965,"gmtCreate":1623287846093,"gmtModify":1663228326252,"authorId":3572842197615229,"author":{"id":3572842197615229,"idStr":"3572842197615229","authorId":3572842197615229,"name":"PCX","avatar":"https://static.tigerbbs.com/a784a900dd223dd6e024a830b350bc1d","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":189471047,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":4658689,"gmtCreate":1623287094297,"gmtModify":1663228325644,"authorId":3558034199477068,"author":{"id":3558034199477068,"idStr":"3558034199477068","authorId":3558034199477068,"name":"Kingkong1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":189471047,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":76,"commentSize":9,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1160718471"}