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You Can't 'Jawbone' Down Energy Prices, Rubenstein Says

Video Overview & Insights

Carlyle Group co-Founder and co-Chairman says higher energy prices likely mean the Federal Reserve will not cut interest rates when it meets later this month. He says the energy shock is also not good for markets and he says trying to "jawbone down" energy prices usually doesn't work.

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Trump and Netanyahu started this war.

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Nothing has happened yet….if we are here in September, or even June sub reserves, then we have a major problem….

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Every Yutz with ears in America is now driving a truck. Trump put the brakes on alternative fuels so it's back to the 1960's on MPG. If not this time we will soon revisit the oil crisis of the 70's. 5 gallons was what you could get then and you waited on line for hours to get that. You don't kill a religious leader then ask for a nation of 90 million to rise up. These actions are that of a stupid, insane leader. We have now two of the world's worst military leaders here in the US and Russia with bets now being taken on a nuclear showdown this year.

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Oil going higher ..!!!

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American Media is totally covering the war wrong...they talk up all the lies the Trump Admistration says about the US winning but they are in fact losing...if the US was winning they would control the Strait of Hormuz, and thats measured by the flow of ships...right now there's no flow...hence Iran is winning

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To suggest that markets can't be jawboned is beyond laughable. They get jawboned regularly by a multitude of sources. Central banks, political leaders, corporate execs, Wall Street investment banks, etc. They continue to do it both because they can, and because when they do it well, it works. The irony here, is that Trump just DID jawbone the market and his jawboning resulted in the all-time single largest daily decline in the price of oil. LOL. Even by Bloomberg standards, this is some amazing gaslighting.

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More User Perspectives

@

Should have made more effort 2 stop the war B4 it started!

@brendastiff4442
@

Trump will not end the war or the supply of oil but he will blame someone for it.

@richardnunziata3221
@

But Trump DID jawbone energy prices just like he manipulates the markets every time the media repeats his BS as fact. And YOU are as guilty as anyone of doing just that.

@Jimdish2555
@

We shouldn't have the current regime that we have in the US

@renjit9044
@

Remember when Putin said his attack on Ukraine is not a war? Now Putin's gun holster (felon Trump's mouth) is saying the same thing. Pathetic.

@tejanoj3017
@

You can not bullshit the US Currency back to life,
as the Nixon Administration did in 1971.
They no longer have David Rockefeller whispering in
the ear of the current Administration.

The Currency has expired 5 years ago,
now like a Zombie it wanders from continent to continent,seeking brains to devour.
The currency wars appear to be over.

The West has lost the battle to return
to the old systems of colonialism that supported
all the Western Fiat Currencies.

They are as Kaput as German Cash in 1921.

@BobLuddle
@

I think oil could have been cheaper if Trump didn't start an unnecessary war!!!!!!

@baronurgenvonstnbrg
@

Poor Iran.

No leverage.

@exnihilonihilfit8688
@

The war should not have been started in first place.

@ChesterLeeArmstrong
@

It is going to go on too long...it already has!

@ChesterLeeArmstrong