grow daily you can move that money whenever you want and interest is calculated every single day and if you're a free user you can create one free pod and if you're a premium user you can create up to three pods each of which will earn four percent apy on up to two thousand dollars current is fdic insured which means that your deposits will be insured on up to NUMBER_TOKEN NUMBER_TOKEN through their partner bank but the best part is that current is giving NUMBER_TOKEN random people NUMBER_TOKEN to get started earning that sweet sweet NUMBER_TOKEN apy go download the app use code andre and go start saving money with current thank you current for sponsoring this portion of the video now let's get back to it so we are in this part of the movie right now we're still cranking that money printer but we're trying to slow down except the momentum of inflation is still pushing us forward now some of the people that are watching this movie right now are like well i've seen this movie before i know exactly how it's gonna end it's about to be super painful but spoiler alert rose survives and everything's fine and i'm not selling the other people are watching this movie and are like well maybe this movie has a different ending and that could be true but right now the truth is we are still cranking the money printer to the tune of NUMBER_TOKEN billion a month in bonds and another NUMBER_TOKEN billion dollars a month in mortgage-backed securities which is how the federal reserve balance sheet has now ballooned to over NUMBER_TOKEN trillion dollars which is about twice as much as where it was before the pandemic started now the people that are on the outside of the ship that are paying attention to what's going on into the broad economy they're starting to see the crew panic just a bit which is sort of like the last people you want to see panicking you ever notice how pilots are always calm even though it feels like the plane's about to fall apart we're experiencing a light turbulence sit tight everyone you'll be all right so seeing the crew panic makes other people panic but fundamentally speaking there was nothing new we learned last week that we didn't know about for a long long time we knew inflation was high at seven percent we knew that papa pal would increase the rates at least twice this year so why then did the market react so hard my guess is because of something called market sentiment which is a fancy word for we just got emotional but there was kind of a good reason for it because netflix for example fell NUMBER_TOKEN last week and the reason is because they forecast NUMBER_TOKEN million new subscribers to be added to their platform now analysts predicted NUMBER_TOKEN million in the first quarter that's less than half of what the professionals expected and the reason that's such a big deal is because analysts like to use the projections of big companies especially tech companies to try to predict what could happen to the market in the near future now if they're noticing that netflix is predicting such a slow growth what else does it tell us about growth in the near future and there's kind of some anecdotal evidence to back that up with something called capital velocity when capital velocity is high it means people are exchanging money money's moving around we're in a bustling booming economy everything is good but when capital velocity is low it means people don't want to spend their money check this out this is economic data from fred st louis fed so looking back as far as the NUMBER_TOKENs
START_SPONSOR_TOKEN grow daily you can move that money whenever you want and interest is calculated every single day and if you're a free user you can create one free pod and if you're a premium user you can create up to three pods each of which will earn four percent apy on up to two thousand dollars current is fdic insured which means that your deposits will be insured on up to NUMBER_TOKEN NUMBER_TOKEN through their partner bank but the best part is that current is giving NUMBER_TOKEN random people NUMBER_TOKEN to get started earning that sweet sweet NUMBER_TOKEN apy go download the app use code andre and go start saving money with current thank you current for sponsoring this portion of the video now END_SPONSOR_TOKEN