Larry Summers on the 10-year Yield Breaching 4%

  Рет қаралды 49,301

Bloomberg Television

Bloomberg Television

11 ай бұрын

Steve Rattner, Willett Advisors CEO and Lawrence H. Summers, Former Treasury Secretary discuss the yield on the US 10-year government bond breaching 4% and dive into the factors affecting the 10-year yield.
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Пікірлер: 50
@emreon3160
@emreon3160 11 ай бұрын
Inflation rates in this era is based more on the nature of the home-grown economy, and the supply chains globally that feed into it, so each country should have more deviance compared to previous cycles, and as imports have dropped from outsourcing, we should expect a slowdown in the import of deflation, these are actually good long term for stability, and prosperity as equilibria is reached sometime in the coming decade. As a result, inflation pressures will be sustained going forward, with an interest rate regime that is also normalized. Asset prices need to take a hit since the credit economy post 2008 to 2022 created strangeness in the economy globally. This reversal will be difficult, and may take several years.
@VeritasAmantesVocat
@VeritasAmantesVocat 11 ай бұрын
How can you preserve tax cuts And service the debt?...
@GrandChessboard
@GrandChessboard 11 ай бұрын
You just got to do Voodoo economics. So no...
@noneofyourbusiness5433
@noneofyourbusiness5433 11 ай бұрын
cut spending
@GrandChessboard
@GrandChessboard 11 ай бұрын
@@noneofyourbusiness5433 LOL, to cut spending you have to cut all that money corporations make off the government. That sounds like it is bad for business. Just keep giving them tax cuts and deregulate them.
@drscopeify
@drscopeify 11 ай бұрын
You grow the economy.
@praveenspike
@praveenspike 11 ай бұрын
50% cut in def budget can easily repay the debt and the nation be free from debt soon.
@lemontadams3029
@lemontadams3029 11 ай бұрын
Inflation’s equally odious and obnoxious cousin is shrinkflation. Shrinkflation is what companies do when they don’t want to violently rub their balls in your face directly by raising prices. Instead they offer up the gentle teabagging of giving you less product, for the same price.
@jtrealfunny
@jtrealfunny 11 ай бұрын
2:40 *excellent* LS mentions 4.75 for the 10 year treasury, says it could end up being higher than that and then..."it seems to me we are in a very different era than the era we were in in the aftermath of the financial crisis."
@lokesh303101
@lokesh303101 11 ай бұрын
Good!
@francisdelacruz6439
@francisdelacruz6439 11 ай бұрын
Equitable taxation for all income brackets and corporations solves many budgetary issues. Companies dont care about taxes when setting up its the cash flow and its pre/after tax profits that counts. The 60s had great income growth and wealth distribution outcomes that created a large middle class in addition to corporate growth but had much higher and equitable tax contributions from higher income individuals and corporates. Coopting politicians to reduce or eliminate taxation of the extremely wealthy and corporations results in an obscene distribution of wealth that only favors the very few not out of merit but of policy and circumstance - that appears to be an unfair set up.
@trumpyla
@trumpyla 9 ай бұрын
He was spot on - smartest economic guru alive
@gimusk5667
@gimusk5667 10 ай бұрын
5% soon, let's gooooo
@jakethomas1829
@jakethomas1829 11 ай бұрын
"It's a damn shame". "I wish politicians looked out for miners, and not minors on an island somewhere".
@praveertigga402
@praveertigga402 11 ай бұрын
Hi.
@durudadlani1931
@durudadlani1931 10 ай бұрын
All these Bond yields will make the markets illiquid, leading to Banking failures. Interest rate rises will feed inflation further. Can the banks afford to hike the rate further?
@aadityasaple
@aadityasaple 11 ай бұрын
Ok taking bets on Larry being surprised when Black Friday turns blood red
@mark11967AD
@mark11967AD 11 ай бұрын
Health care costs are a major factor in call it inflation but taking away people’s money. Especially for lower middle class and working class people. Past age 50 you statistically the law of averages more and more things start to go wrong and even a relatively healthy person is going to encounter $5,000 or often much more dollars in medical bills a year with serious events often causing a mountain of debt and bankruptcy. That needs changed with a positive solution besides just blaming the other party or telling people not to eat donuts. Yes exercise is hugely needed but so is quitting smoking and excess drinking. Meanwhile our mountain of national debt is eating away at GDP and it’s definitely going to permanently handicap our economy if we don’t start doing something to tame that debt. A good start might be cutting our defense budget in half. If China and Russia want to start wars countries need to spend more individually and collectively to defend THEMSELVES. A robust, direct threat to aggression and expansionism rather than debt ridden Dad ie America coming to the rescue is a better answer and will help us start down the road to financial recovery.
@neiabloomfield5416
@neiabloomfield5416 11 ай бұрын
'Wolf cry' Larry 💗rewise a peasant portfolio 🗺️School provision 🍎🍏busу 🏡нес план 🌆
@enthused7591
@enthused7591 11 ай бұрын
Inflation? We're going to see 30-40% deflation over the next 3 years. Called a recession, and it'll be the worst one since the great depression.
@user-ts7ns7bt2v
@user-ts7ns7bt2v 11 ай бұрын
I’m almost hoping for that. Wages ain’t keeping up and we need some pain to real people in
@jakethomas1829
@jakethomas1829 11 ай бұрын
CBDC fixes this...
@enthused7591
@enthused7591 11 ай бұрын
@@jakethomas1829 CBDC just makes it easier for them to make things even worse, it's exactly like fiat currency, but they can just type numbers on a computer and the money "printing" is done. Worst idea ever. The recession is an absolute necessity now due to how much incompetent money printing they've already done on TOP of a new 2019 economic cycle high.
@IDNeon357
@IDNeon357 11 ай бұрын
​@@jakethomas1829so does assassinations
@jakethomas1829
@jakethomas1829 11 ай бұрын
@@IDNeon357 well, let's make, "it's a damn shame", great again. And some say start with, "minors on an island somewhere"...
@quikslvr01
@quikslvr01 11 ай бұрын
This guy also said inflation was transitory 😅
@jakethomas1829
@jakethomas1829 11 ай бұрын
everything's trans now-a-daze
@lemontadams3029
@lemontadams3029 11 ай бұрын
Bankster
@chrissinclair4442
@chrissinclair4442 11 ай бұрын
Friends Of Epstein much?
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