Mehra: US Economy Heading for Dramatic Slowdown

No video

Mehra: US Economy Heading for Dramatic Slowdown

Рет қаралды 16,728

Күн бұрын

Deepak Mehra, Commercial Bank of Dubai Chief Economist, says headline data does not show economic slowdown and weak consumer spending. He speaks with Joumanna Bercetche on Horizons Middle East & Africa.
--------
More on Bloomberg Television and Markets

Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: tinyurl.com/ys...
Visit www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

Connect with Bloomberg Television on:
X: / bloombergtv
Facebook: / bloombergtelevision
Instagram: / bloombergtv

Connect with Bloomberg Business on:
X: / business
Facebook: / bloombergbusiness
Instagram: / bloombergbusiness
TikTok: www.tiktok.com...
Reddit: / bloomberg
LinkedIn: / bloomberg-news

More from Bloomberg:
Bloomberg Radio: / bloombergradio
Bloomberg Surveillance: / bsurveillance
Bloomberg Politics: / bpolitics
Bloomberg Originals: / bbgoriginals

Watch more on KZfaq:
Bloomberg Technology: / @bloombergtechnology
Bloomberg Originals: / @business
Bloomberg Quicktake: / @bloombergquicktake
Bloomberg Espanol: / @bloomberg_espanol
Bloomberg Podcasts: / @bloombergpodcasts

Пікірлер: 45

@Seanpfree 2 ай бұрын

First-time home ownership is OVER. "Starter home" are over 400k average income is 58k. We've put in 77 bids in middle TN on first home and were outbid by cash investors EVERY TIME. Now, we're priced out due to price and mortgage rates. Wonder why Millenials and Gen Z are doom spending? Not getting married? Not starting families? Why is civil unrest growing while the wealth gap is larger than it ever has been in history? It's because this economy is not for us, it never has been since we've been around. It priced us out and left us behind before we got here. This doesn't end well for society at every socioeconomic level..

@zacharyfair6738 2 ай бұрын

move..... people stay in terrible conditions and expect success. LA County has more people (10 million) than something like 46 other states combined. There are so many housing in USA to buy..... Just move. Keep life simple and don't have excuses.

@nickvin7447 2 ай бұрын

"Cash investors" are completely cleared out of TN, you are talking about a year ago. Cash investors anywhere in the south are completely out of the market.

@rp5339 2 ай бұрын

Finally someone speaking the truth in the msm

@EcolutionResources 2 ай бұрын

Absolutely amazing! Keep on going, guys! Very, very good work!

@JacquiEatWorld 2 ай бұрын

Amazing work! Thanks man!

@johnm2991 2 ай бұрын

💯🎯 Deepak Mehra

@Shnuki222 2 ай бұрын

I agree!

@thomasmanning829 2 ай бұрын

Consumer spending is slowing for the obvious reason that inflation is expensive and takes an increasingly large chunk of consumers income. Energy costsvis a big part of it.

@thomaschew2191 2 ай бұрын

Of our mortgages, the first was at 9% the second at 7.2% and somehow, we managed to pay off our 15 year fixed in 12 years. Interest rates are not that high and should actually go higher unless we want inflation rates to go higher. Stated simply, the party is over now time to clean up the mess. Take your pick, higher interest or higher prices. Just to be clear, the US consumer needs to be a bit more disciplined.

@chessdad182 2 ай бұрын

Have him on again.

@KK-pm7ud 2 ай бұрын

Big L for CNBC losing her

@datamine9833 2 ай бұрын

Beautiful lady

@napoleonsmith7793 2 ай бұрын

No. Say it aint so. Bidenomics 101.

@BRuane-pw6xq 2 ай бұрын

Household net worth highest ever stock market highest ever unemployment lowest ever Job creation highest ever. Every GOP President since Hoover has had a Recession ALL of THEM different weak excuse each time but ALWAYS a RECESSION ALWAYS. GOP has been predicting a Recession for 4 years now. GOP helping bottom 50 pct ? LmFAO . Recessions hit poor hardest.

@pc7225 2 ай бұрын

that outfit 👍

@Martin_Gark 2 ай бұрын

Yeah, his tie is dope 💫

@iphonemobile-hl2we 2 ай бұрын

Maybe I'm using it wrong? Cause I'm getting real small amounts, like 50 dollars when it succeeds.

@panmichael5271 2 ай бұрын

A metaphor for his outlook would be a heavy mass, increasing in weight, supported on feeble stilts that are on the verge of giving way, ending in collapse of this top heavy economic edifice.

@vsFY2023 2 ай бұрын

I think he is spot on.

@Michaeldotcom33 2 ай бұрын

I agree. There’s a lot of blind bulls out there now but there always is before recessions

@CaptainCaveman1170 2 ай бұрын

Can you blame them? They've been right for 15 years now. Every dip bought instantly, including the covid V. The multi-year bear "should have" arrived by now, and probably will arrive someday, but it seems for now the government has figured out how to make it disappear indefinitely.

@PP-oz2oj 2 ай бұрын

I say lower the rate and start the QE. Richer will become the richest and poor will keep working trying to catch up.

@Dedicated_.1 2 ай бұрын

GDP, PCE, ISM, Earnings. Rich getting richer with high rates. Lower end run out of savings. If wait too long could cause a financial crisis. Lower end companies/SMEs feeling higher rates.

@AcctistaZ 2 ай бұрын

It’s all good. The investors have nowhere to go. Time to increase salaries.

@fredrikthelin1572 2 ай бұрын

Nobody so far have won a lottery it is same as dating, collection "companies", meds, psychiatricsc or how to say economics and salaries for example just fantasies as a working "smart"phone to very understand!!!!!"

@christiancoronado 2 ай бұрын

These people have been crying wolf for over a year, but unemployment is still under 4%. Ridiculous

@CaptainCaveman1170 2 ай бұрын

They haven't really been wrong, the poor have in fact been getting worse and worse off, while the increased wealth of the rich masks the suffering in the "official" numbers. A lot of people are already feeling the hard landing of interest rate policy, while many still prosper DUE to it. It's the best way to hollow out the middle class, don't you love it?

@christiancoronado 2 ай бұрын

Give me some facts, not ur feelings. Unemployment is low , and GDP is strong. If the FED lowers rates, inflation will reignite. What needs to happen is for fiscal spending to slow down, but that won't happen. What do you think will happen if the Fed cuts rates? Are real estate prices and rent going down in that scenario?

@seanboy7490 2 ай бұрын

@@christiancoronado go back in your basement

@TheDoomWizard 2 ай бұрын

House of cards

@firstlast8258 2 ай бұрын

Too late for most 🤓 🖕

@jonathanmitchell1776 2 ай бұрын

Thanks Captain Obvious

@Fgji230 2 ай бұрын

Lol

@illegalsmirf 2 ай бұрын

she's a cute babe!

@shyndashu 2 ай бұрын

this guys dumb in flation would go crazy once rates lower

@CaptainCaveman1170 2 ай бұрын

No win situation for Jerome. But he'll pick saving the banks over saving the little guy's wallet.

@weetaoneo3081 2 ай бұрын

its ok, keep raising taxes and pay it out to the rich.

@99gadget99 2 ай бұрын

Sadly, the “bottom half” have very little impact on the stock market and corporate profits. They spend very little $ outside of housing, food, gas, etc.

@CaptainCaveman1170 2 ай бұрын

I think you'll be surprised. They al need shelter, gasoline and transportation. When they start missing payments (many are) on all those, it's bad.