It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to protect my $300K stock portfolio from decline is my main concern, but I don't really know which way to go.

is it really worth investing in stocks in 2024, I’ve been on the sidelines watching the market for awhile and it seems to be pretty stagnant to me not that it matters because I’m in it for the long run, but how can one generate actual profit in this current market?

With rates climbing like never before in ’23 coupled with uncontrollable inflation, and our own mortgage at now 7.5% what are the best alternatives/strategies for avoiding a crunch and maximize my $600k savings other than moving in to an RV with my two kids and wife.

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $150k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?

When you spend like drunken sailors like Congress does, you have baked in inflation. this concerns me and has left me uneasy. Especially this potential depression, no more a recession. I'm unsure about my $130K account strategy, considering the uncertainty of this whole recession mostly.

Stiglitz just says what the politicians want to hear please no more Keynesian ideology

He says "We're not Argentina". That's a really low bar.

Would they give Stiglitz another Nobel Prize if he read and understood Milton Friedman enough to at least give an honorable mention to the Fed buying $4.8 TRILLION of Federal Bonds (with printed money) between February 2020 and April 2022. This inflation is persisting long after the Covid supply problems ended.

Does printing 6 TRILLION DOLLARS IN 15 DAYS have anything to do with it 🤔

“Everything but money printing was the source of inflation.” Good time to be a money printer.

Dude we need a rate at least 7,5% to be fair.... inflation much more then 2.8%...

Word: Never accept economic advice from some dude who has his own personal chef, and is clueless about the price of beef, milk, eggs, bread, etc.

Investors are skeptical about the Fed's plan to maintain interest rates until inflation stabilizes. Personally, I'm uncertain about investing $150k into my stock portfolio and seek advice on the best strategy to capitalize on this current market.

Once again, there is no Nobel prize in Economics. There is a prize set up in 1969 by a bank in memory of Alfred Nobel. Basically they are trading on the name and status of the Nobel Prizes.

Inflation had nothing to do with money supply. This guy is a genius.

Sending helicopter money 💰💰 not an issue?

Exactly, irresponsible government spending is the source

It’s incredible who they give Nobel prizes to. State politically motivated and sponsored economists

Dude housing prices went up because prime was zero from 2008 to 2022. Should have been that low that long.

Professor at Columbia? Immediate skepticism

Let the man finish his sentence. Jeez.

Government overspending is inflationary. 1 trillion dollars being added to the debt every 100 days is insane. Federal expenditures are in overdrive, and are a threat to the country's financial system.

The source of inflation is scammers. They’re printing money.😂😂😂😂

The world bank has done such an excellent job over the last 70 years. Wow, they have been right about everything. Africa is so modern now. The mind blowing genius blows my mind.

I'm surprised Prof. Stiglitz would say that interest rates are too high. The neutral rate is defined as the rate of interest where the economy neither expands nor contracts. The economy is continuing to expand, which would indicate that the current Fed Funds Rate is below the neutral rate.

I wonder who is going to buy his books

These people are so out of touch with reality. I guess lowering rates to historically low and giving everyone money didn't matter.

Didn’t even mention the amount of money printed 😂

Inflation was caused by shortages? This proves the Nobel Prize is a joke.

Compound inflation of USA over last four years is 25%. Outrageous!!!! Wealth destruction

I wasn't nominated for a Noble prize but know that money printing fix nothing!!

So the government printing trillions of dollars had nothing to do with inflation???

All you have to do is turn off government spending, unemployment will rise, and all prices on everything will drop. It is that simple.

I don't care if he had 20 Nobels I disagree with his analysis

Supply shortage. 😂😂 Nothing to do with printing too many dollars.....

Stiglitz is a clown. That's the same BS you hear from Biden. But if supply shocks from the pandemic were the cause of the inflation then prices would have gone back to normal once those supply constraints were resolved. It's like when a hurricane disrupts the supply chain and drives up prices - those prices don't stay high forever. The supply chain gets restored and prices go back to normal. Also, people moving around the country is a zero sum game. That would create higher prices in the places they're moving to and lower prices in the places they're moving from. The net effect on inflation would be zero. No, the real cause of the inflation is the Fed itself and the excessive spending coming out of the Biden administration.

All these experts have all the answers if only they knew the questions,

Government actions have created economic inequality!

What is the current problem being caused by rates being too high. He gives no examples and just states they should be lower.

I have to respectfully disagree. If work from home caused people to move, and that caused prices to increase in those localities where they were moved, why didn't we see a corresponding decrease in housing prices in the places they left? Instead we saw every housing market skyrocket, even those where people were leaving. It's easy to see it was the monetary and fiscal stimulus. The Ukraine war and global supply chains have nothing to do with the supply of existing homes, but the Fed buying 1/3 of all home mortgages for QE and the resulting sub 3% mortgage rates does. And then it was the complete U-turn in interest rate policy, with mortgages above 7% causing a lockdown effect. Even if new home construction slowed during the pandemic, the new home supply in any given year is not nearly as large a factor a the supply and demeand existing homes.

Stiglitz is correct stating that the FED overplayed their hand......

Two time Nobel Prize winner, he's really good at telling us what we already know, brilliant!

2% was the guardrail... Inflation is theft.

Monetization of the debt is distorting the economy.

2% inflation rate goal was the dumbest thing

interest rates dont stop inflation, money supply does, argentina has interest rates of 180% their inflation went up every year, stop the credit supply stop debt monetization.

He wrote a book of the same name in an effort to erase the prior publication. Nothing to see here 🖕

People like him are the reason we had inflation not seemed in 40 years and $34T national debt

We 🇺🇲 are in for a lot of problems !✌️

Anyone know where Andrew gets his shirts? They always look great.

Need rates near 20% to break the inflation back. However with $2T/yr deficits and $1T/yr debt payments we are in going in the wrong direction to survive this mess the Fed and US Treasury made.

The key important source is free printing of the money by Fed.

If they cut rates while inflation is at 3% it will spark inflation extremely high again

Rates are still too low.

No, it was the printing of nearly 30% of all dollars in circulation over the course of one year. Inflation only exists when you add more money to the system... That's it. Price goes up and down based on supply and demand but inflation only exists when you add more dollars into the system.

a Nobel prize winner whose argument is based on theory rather than the facts experienced by working class Americans.

Who gave this guy a nobel?! Jesus Christ…

Love at the end, they had to cut him off before he started actually speaking

Inflation is caused by M2 money supply, it inflates hard assets.

Everything has changed since COVID stressed the system and highlighted some flaws, such as infrastructure and the supply chain. It seems like there is another problem that has been exposed, but has yet to be identified, which is the current model for measuring the health of the economy is flawed. Why do working people have to lose their jobs, remember good jobs reports show a healthy economy, the stock market is up so business is healthy, but the FED has the rates hiked up because of inflation and it’s not working, it’s making things worse. This guy is right on the money. A 2% target for inflation is too low. We had no problem for years with 3-3 1/2%. Why such a low target now?

I would rather have a recession than Hyper inflation

A huge mistake was made since the financial crash of 2008 in that money was printed and given to the banks at zero percent interest rates, in reality free money for the banks to spend as they wished. This increased borrowing as well as inflating asset prices and the Market indexes. Many people got stinking rich and the World debt massively increased. It was a case of printing money and paper IOUs which increased the debt mountains and inflated assets like property and shares by a substantial amount. The result is a mountain of debt that must be serviced globally. Mortgages and car loans increased. Those left behind and those starting with nothing are suffering as a result, the younger generation especially who have to suffer inflation, huge rents and high property costs. The rich got richer and the poor got poorer.

I disagree with the professor on the freedom of inflation flexibility in that repressive interest rates at the Fed for nearly two decades served t o price American labor out of the global marketplace, and pushed capital out of the USA.

The FUD (fear uncertainty doubt)on icp is ramping up lately...seems like a signal to load up more icp because the fus us designed to suppress price until the big buyers fill their bags first.

Not a word about government free money? A Democrat? What a joke

Nice, let's cut a couple of quarter percent chunks off of the Fed Funds rate, then. Sounds good to me.

I think that the right number for inflation long-term is a mean of zero.

This is the mainstream media demonstrating what's wrong with the mainstream media. Trying to make something snappy and exciting instead of the slow, measured discussion of serious issues.

Supply and demand...!

Cuts coming! Pamp it

He's so wrong. It seems by now after 4 years I know more about macroeconomics that the good professor here

The problem is American greed. Suppliers wholesalers retailers The Federal government Green new deal,war on the oil industry increase the price on everything.

What he left out is that the inflation is caused by a lack of investment in the real economy. Things are breaking down and costs have to go up to fix things.

so larry summers was wrong?

The master race. One of three careers....Law, finance or government job.

AI? Green movement? None of that is happening

Almost 100% of the increase in housing prices over the last 15 years has been caused not by shortages but by near-zero interest rates. Stiglitz has won the Nobel Prize twice but is disconnected from reality if he thinks inflation is the official rate. It's in double digits and many people who were struggling before inflation are now drowning.

Interest rates are prices

issue is there are too many variables at play for anyone to predict what to do..expected results don't always happen..just like the market..the economy makes a fool of most people who try to predict most of the time..fed should not change their stance now.

so what he says is high rates didn't work to lower inflation so lower rates?? c

INFLATION CAME FROM SUPPLY CHAIN DISRUPTION AND GOVERNMENT MONEY!! AND WE SHOULD HAD RAISED IT ABOVE INFLATION AND CRUSHED INFLATION

Well spoken!

Trump for Pres and this guy for the Fed Chairman and the world,including the USA, will be a much better place.

Of course he has a new book out - why else would he be on CNBC except to shill his book? Raising interest rates is secondary. If the Fed really wanted to fight inflation, they would have been more aggressive about reducing the balance sheet primarily. History has shown that when the balance sheet is greater than about 16% of GDP (currently $4-$5 Trillion), interest rate policy isn't as effective...so why are we all surprised that the Fed raises interest rates to 5% and they have only marginal impact on slowing the economy (and secondarily inflation)? Data shows that's what would happen. Either the Federal Reserve, with all its Phds, are a bunch of idiots, or they decided against aggressive balance sheet reduction to benefit the banking system. Now we're in an inflationary rebound and they're again surprised. WTF? So now, Stiglitz gets on TV to argue that interest rates are too high and "everybody realizes that we don't have out of control inflation"...these people are all too stupid to believe. Seriously, he's arguing for a little bit higher inflation target...what a clown. I wish all these old people would just get out of the way already!

Maybe the fed inflation target should be 0%?

Oh, so the "inflation explosion" act worked? Lol

Interest rate won't make a difference on inflation though higher interest rate will lower banking responsibilities then a noticeable difference at cost per good will better purchase sale purchase goods. Then inflation can be addressed and potentially bettered.

Very interesting perspective, insightful.

Source of inflation is the PRINTING AND CREATION of SO MUCH USD.

Stiglitz, the same guy who backed Venezuela’s economic policies when Chavez was in power, wouldn’t trust him even with a lemonade stand

Jerome Powell is a tax specialist not an economist with practical sense of what is prevailing on the road. He did not travel the country like Alan Greenspan. Powell did not understand that economics is science .

Small hats at it, and playing their favorite game to the T

The nobel prize has become a complete joke

Weewus presale offers unmatched potential for growth.

Tell the Nobel Prize scholar it's not hard for wages to fall; When people are out of work and need money, they take any work they can get! Our government's policies and practices will make that happen! We don't need Nobel Prize scholars to explain that to us. Anybody with Common Sense can figure that out on their own! Incidentally, Thomas Paine wrote something called "Common Sense 200+ year ag0. Perhaps, It should be required reading before our politicians take office!

LOL. Really! Interest rates and layoffs don't address price gouging and record margins. Supply shortages is an excuse to permanently increase prices.

Products not lasting could be a cause of inflation. People want the newest I phone. I’m on my 5th coffee maker in the past year. Can’t find one that lasts.

Do you know who should win the Nobel prize? The person that invented knock knock jokes!

#diversionTime

Everybody worried about inflation so much that nobody talks about the juggernaut national debt. The national debt is like a planet killing asteroid. It will hit.