The economy is not in good shape: Art Laffer

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The economy is not in good shape: Art Laffer

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6 ай бұрын

'Kudlow' Kevin Hassett and Art Laffer react to the affordability crisis and increasing productivity in the economy.
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Пікірлер: 528

@lawerencemiller9720 6 ай бұрын

First of all, this whole economic chaos was powered by optimism that the FED is done with hiking interest rates. Now that interest rate crash is the situation, where do we go from here? How would you advise I safely allocate $250k funds at this point?

@alexyoung3126 6 ай бұрын

The market is volatile at this time, But doesn't the Federal Reserve's monetary policy and low interest rates contribute to the current valuations? hence I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/ETF you focus on.

@bobbymainz1160 6 ай бұрын

Agreed, my portfolio is well-matched for every market season yielding 85% from early last year to date. I and my CFP are working on a 7 figure ballpark goal, tho this could take another year. IMO, financial advisors are the most sought-after professionals after doctors.

@chris-pj7rk 6 ай бұрын

I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

@bobbymainz1160 6 ай бұрын

'Natalie Marie Tuttle' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@chris-pj7rk 6 ай бұрын

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

@theresnocomingback 6 ай бұрын

I love how Jessica Tarlov said the economy is doing well when most of the spending is government spending

@peteranderson2687 6 ай бұрын

I think you can blame Mr. Trump and the companies who care for themselves more than the people they represent 😢😢

@firebir11 6 ай бұрын

81%of this 3.1% increase was government ....your right...its government spending

@firebir11 6 ай бұрын

@@ChuChuBelo you missed your calling ...at the spelling bee comp.👍

@DG-sf9ei 6 ай бұрын

@@peteranderson2687and Mr Biden forcing a failed EV "technology" onto the consumer whilst implementing govt payoffs for this failed product has nothing to do with the layoffs we're seeing now?

@garyseeber588 6 ай бұрын

Government hiring and medical industry hiring is where job growth came from

@jackdhillic7400 6 ай бұрын

Art Laffer is a young 83. Great man!

@philipneri9482 6 ай бұрын

Oh, man that guy is fantastic!

@mildredkrisik8888 6 ай бұрын

Art is my most respected Economist.

@ichabodcrane2959 6 ай бұрын

His theory has not panned out. The deficit did not go down when taxes were cut. In fact, Reagan was the beginning of significant deficits

@davidclark573 6 ай бұрын

Bird brain Kudlow and Trump left Biden the worst economy since the depression.

@DexterHaven 6 ай бұрын

He still owes Peter Schiff a penny from the bet he lost on air, though. Add 'welcher' to his resume.

@hushbash2989 6 ай бұрын

Every crash or collapse offers an equal market opportunity if you are well prepared and knowledgeable. I've seen people accumulate up to $800,000 during crises and even pull it off with ease in a bad economy. Without a doubt, the bubble or crash has made someone extremely wealthy.

@selenajack2036 6 ай бұрын

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience

@roddywoods8130 6 ай бұрын

A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k

@kaylawood9053 6 ай бұрын

Please who’s this advisor that guides you?

@roddywoods8130 6 ай бұрын

Marisol Cordova is the licensed advisor I use. Just research the name. You'd find necessary details to work with to set up an appointment

@bsetdays6784 6 ай бұрын

Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call.

@ce9111 6 ай бұрын

Food inflation is 25%. Layoffs are starting at large companies. Many of our system reports are not truly accurate. Debt! Debt! Debt! Auto industry is collapsing along with the loans on them. Fed moves are temporary fixes usually building more debt & watering down money supply. Major investment & holding companies are close to big corrections. A lot of this is institutions playing the political game. Most of all, Americans are facing constant twisting of our Constitutional given rights. This is a disaster being propped up once again for an election year. Everything is gaining on Americans & we will need the best LEADERSHIP ever to get through these times!!!

@ronaldwheeler6060 6 ай бұрын

The US Government wants to go to digital currency, this to me is a Red Flag moment. I strongly believe that digital currency will lead to an authoritarian dictatorship. Digital currency is how they will control the masses, the government will decide how much money we are allowed to have, what to buy, ECT. In other words do you want a corrupt government control your money.

@crb4059 6 ай бұрын

Be careful, you might be turned into the liberal thought police, (youre too close to the truth)

@hugh2hoob668 6 ай бұрын

Not to mention they can't truly measure HOW many working age people just quit trying

@janremus1539 6 ай бұрын

Actually, your wrong. GM had a great quarter and forecasted strength. Ford also jumped on good earnings and demand. TESLA borrowed 500,000 million from tax payers but paid it back. Consumers are actually feeling better. No recession, a little slower. Stunning US is doing so well.

@LectronCircuits 6 ай бұрын

Art Laffer is a timeless national treasure, sharp as ever & absolutely spot-on. Cheers!

@blueskull6789 6 ай бұрын

👍

@Benji77178 6 ай бұрын

Art Laffer isn't an economist, he's a complete joke. Nothing that comes out of his mouth. Makes sense. He's estranged from economist profession because of his BS.

@rhondathompson6942 6 ай бұрын

@@Benji77178 I LOVE THE REAGAN YEARS

@mytube8985 6 ай бұрын

@@Benji77178Cry more whiner.

@willtwain1383 6 ай бұрын

Loser ruined the country.

@A_francis 6 ай бұрын

With all of the current events happening in the economy, what is the best approach to profit from the present market? I'm still debating diversifying my $400k stock portfolio to obtain some profits while minimizing risk.

@Theresaa12 6 ай бұрын

I guess it's important to reassess your investment strategies based on current market conditions. You should also consider a market expert to guide you.

@benitabussell5053 6 ай бұрын

Having an investment adviser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $220K that made it clear there's more to the market that we avg joes don't know

@HarrisRyan-oy8eo 6 ай бұрын

that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you.

@EverlyndPerez 6 ай бұрын

I need a guide so i can salvage my port-folio and come up with better strategies. How can one reach this advisor?

@benitabussell5053 6 ай бұрын

*Natalie Marie Gentry* is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@user-fu2qm1jm9z 6 ай бұрын

Art Laffer knows his stuff and its great to see Mr. Laffer on Kudlow; Respect Mr. Kudlow's expertise !

@YankeeWoodcraft 6 ай бұрын

If Kudlow was such an expert, why did he lose America 15,000,000 jobs when he was Trump's economic advisor? As for Art, why couldn't he compare Biden's economy to any other President's economy (especially Trump who had the worst economy in our nation's history)? Because he couldn't. He literally had to cherry pick different data from different presidencies to compare to them to President Biden's economy. Think about that. America hasn't seen this kind of a comeback since Obama rescued us from George Bush's Recession and Clinton rescued us from George Bush Sr's Recession. That's all Republicans are good for, is leaving Americans in Recessions going all the way back to Reagan who also left the country in a Recession.

@margiejones870 6 ай бұрын

The People Know How Bad It Is Out Here !We’re Hurting !

@margiejones870 6 ай бұрын

Home Prices, Rent, Food,Energy…everything we need to survive has gone out of site !

@hugh2hoob668 6 ай бұрын

7 million working age Men have quit looking for work too

@zeb_reynolds 6 ай бұрын

⁠@@hugh2hoob668unemployment is lower than it ever has been lmaooo

@homemprovmentguy 6 ай бұрын

Now compare 83 year old Art, to Biden at 81

@paule8536 6 ай бұрын

Art acts 25 compared to Biden !

@zeldadesantiago7250 6 ай бұрын

No comparison 😂

@firebir11 6 ай бұрын

😂 thats Bidens Democrat lifestyle

@johnruge1218 6 ай бұрын

Ever consider Candidacy, Art?

@mytube8985 6 ай бұрын

Nashville living is good for you. 😅

@Usefullinformationphilippines 6 ай бұрын

The economy is collapsing. There are massive layoffs nationwide in all fields. When FedEx lays off a large percentage of their drivers. You know there are big problems in the economy and the trucking industry in general, which is been strong for many years is having massive layoffs today.. 65% of the American people can’t pay their bills without a credit card. Interest rates are still high, virtually freezing, the housing market, and the new car market. Used cars are going down in price because people are desperate and they need to raise cash. Fuel prices are down in spite of OPEC cutting production because the economy is collapsing. Government jobs are being made up Concealing the true unemployment rate. The government is about the only one hiring people today. The government is adding $1 trillion to the national debt every quarter.

@kimleger8824 6 ай бұрын

UPS is laying off thousands also

@patjager6932 6 ай бұрын

You forgot, joe biden is going to get us all killed! He's terrible at foreign policy!😢

@Summerslake 6 ай бұрын

"The HIGHEST inflation in FORTY years." states it all.

@westernnyliving2515 6 ай бұрын

Yes, while the gdp is up and often touted, savings are down, prices are way up, wages for low level jobs are up but that just devalues everyone that doesn't get raises in step. Credit card debt is way up and loan delinquencies are rising. These are all bad signs for what is coming.

@Roughneck7712 6 ай бұрын

“Economic growth numbers are increasing? What did we miss?!” “In other news, US national debt has skyrocketed and is accelerating while government jobs and power continue to expand”

@NoMoreMeansWeHaveHadEnough 6 ай бұрын

Exactly it’s all built on a house of debt, the same experts that said inflation was transitory are now saying there is nothing to worry about. 😂

@NoMoreMeansWeHaveHadEnough 6 ай бұрын

Just listen to Yellen or the other dozen members on the spending committee and you will see US debt is a major major major problem coming in the next couple years

@kortyEdna825 6 ай бұрын

A number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than $850,000 before I turn 65, I would appreciate any advice on potential investments.

@Pamela.jess.245 6 ай бұрын

There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.

@janremus1539 6 ай бұрын

Time horizon? Financial advisor, but research.

@johnfaris5376 6 ай бұрын

Government spending is a major component of GDP so it is an irrelevant number. What I see out there are a LOT of people with no money

@BrokenWill 6 ай бұрын

I have money.

@richardclifton4120 6 ай бұрын

@@BrokenWill Pennies don't count for much.

@theresameuse8583 6 ай бұрын

And the numbers are always revised down.

@johnfaris5376 6 ай бұрын

@@BrokenWill for 23 years I’ve been in the car business in Las Vegas. I’ve sold over 9000 vehicles and I have never seen so little money on the streets. People are broke.

@BrokenWill 6 ай бұрын

@@johnfaris5376 I'm not

@michaelking9964 6 ай бұрын

When everyone was wrong about the predictions in the past, we often later found out that government was cooking the books to make things sound better. It's election year accounting.

@rickynorris1694 6 ай бұрын

That man looks awesome for 83!!!!!

@jaycarver4886 6 ай бұрын

I've seen people 20 years younger who look worse...and they don't have the mental acuity either.

@hugh2hoob668 6 ай бұрын

@@jaycarver4886nope

@Patriciacraig599 6 ай бұрын

Given the uncertain economic conditions and heightened global tensions, I'm considering investing over $800k in stocks. However, I'm uncertain about how to minimize potential risks.

@PhilipMurray251 6 ай бұрын

Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions.

@Aziz__0 6 ай бұрын

Right, when it comes to situations like this, it's ideal to engage in various options using an advisor, and I can attest to success of the basket approach seeing my portfolio grow from $350k to almost $1m in barely 3 years, by far my best financial milestone.

@Robertgriffinne 6 ай бұрын

think you could suggest any professional/advisors i can get on the phone with?

@Aziz__0 6 ай бұрын

Nicole Desiree Simon is her name. She is regarded as a genius in her area and works for Empower Financial Services

@Robertgriffinne 6 ай бұрын

Thanks for the advice. The search for your coach was simple. I investigated her well before using her services

@PWIviefynn 6 ай бұрын

We can't ignore the potential impact on portfolios. Bonds are often considered a safe haven, and if they crumble, investors like me might scramble. I’ve been investing for 11 yrs and my $1m portfolio has never been this depleted, how i do hedge this?

@Jadechurch-ql3do 6 ай бұрын

In fact, markets have incorrectly priced in such a pivot six times over the last two years, according to Deutsche Bank, which sounded cautious about this seventh time. Still showing us why pointers from market experts are essential

@lucaswilliams9992 6 ай бұрын

A lot of folks downplay the role of advisors until being burnt by their own emotions. I needed a good boost to stay afloat, hence I engaged the services of a true market strategist to help rejuvenate my $700k portfolio and boost performance and returns by 40% in a little over four years.

@lucaswilliams9992 6 ай бұрын

I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.

@yeslahykcim 6 ай бұрын

impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now

@lucaswilliams9992 6 ай бұрын

Leila Simoes Pinto' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

@macpoeticflow2869 6 ай бұрын

This just made me lose respect for Fox News. Anyone who looked at 2023’s numbers and said it is looking good has no idea what they are talking about. Inflation is beating wages in the workplace more than ever before. Over the past 3 years I have seen Americans lose wages, jobs, and housing. I have not been able to recover from being laid off in the airline industry since the start of COVID. I went from making $20/hr in 2020 to $18.50/hr in 2024. Our rent, utilities, and expenses has only went up more.

@zeb_reynolds 6 ай бұрын

Sorry about your experience, but that isn’t the norm, and anecdotes ≠ data. Wage growth has outpaced inflation since 2023.

@JesusChristISTHEONETRUEGOD 6 ай бұрын

IF ANYONE ACTUALLY BELIEVES THE ECONOMY IS STRONGER IN 2023, THEN YOU NEED IMMEDIATE MEDICAL ATTENTION!! ECONOMIC EXPERTS 😂😂 JUST LIKE BIDEN 😂

@brunoheggli2888 6 ай бұрын

The economy is better then ever with record rate unimployment!Maybe a resession is coming but that is just normal,nothing to worry!

@bavarian11 6 ай бұрын

I’m sure bus drivers from the border are doing better, but 90% of us are not!

@patjager6932 6 ай бұрын

Democrats are desperate and failing! Joe Biden is going to get us all killed!😢

@jimlarkin1400 6 ай бұрын

I guess you are an elite or live in a cave. WEF is executing its master plan you're all sheep. @@brunoheggli2888

@user-yl7qt4jm2d 6 ай бұрын

I'm losing weight I can't afford to eat

@Evelyn32423 6 ай бұрын

This economy crisis/collapse might eThis economy crisis/collapse might end up being a part of us for a very long time. With inflation currently at about 9%, my primary concern is how to maximize my personal & retirement savings of about $780k which has been sitting duck since forever with zero to no gains. What is the safest investment to make now?

@Annie56427 6 ай бұрын

I'd advice you read up some good books on finances and investing, or just you get yourself a financiaI-advsor that can provide you with entry and exit points on the shares/ETF you want to focus on.

@Alden457 6 ай бұрын

@tommyers I agree, having a portfoIio-advisor for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with a license portfolio-advisor. In a nutshell, i've accrued over $620k with the help of my advisor from an initial $120k investment thus far.

@Scarlett34568 6 ай бұрын

It's a good time to buy and basically I've just got cash sitting duck in the bank too and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up?

@Alden457 6 ай бұрын

Aileen Gertrude Tippy guides me. She works with Empower FinanciaI services. But there are a lot of independent advisors you might look into. For me, her strategy works hence my result. She provides entry and exit point for the securities I focus on

@Scarlett34568 6 ай бұрын

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

@AnimalisMD 6 ай бұрын

Art Laffer is right! All one needs to do is go to the grocery store every week to know that the economy is NOT what the government and other "experts" are touting. Prices aren't coming down they're just going up at a slower rate!!! Never mind the constant losses I see in my investment accounts every month.

@westernnyliving2515 6 ай бұрын

They're talking about the rich doing well off of our backs.

@jim5247 6 ай бұрын

Economy is great for the upper middle class and the rich the rest is going down the tank because the govt. wants more people depending on them.

@marcusdoverly8524 6 ай бұрын

Come On Guys, Stop Gov Deficit Spending and watch GDP IMPLODE and Unemployment SKY ROCKET. This is all ARTIFICIAL. Why was this NOT addressed?

@DexterHaven 6 ай бұрын

Larry, nice to see you still at it. What a veteran of the mic, both TV and radio. And from government offices.

@alexisa7200 6 ай бұрын

Keyfood supermarkets should be investigated because that is no way the foods in their markets costs their owners $12 for small box of cereal

@richardkalmwater5996 6 ай бұрын

WRONG. You are an economic illiterate. High food prices started at the Fed when they started printing money.

@bobshagit-io8lq 6 ай бұрын

we need to end the stock market

@TexasRed167 6 ай бұрын

Get a life 😮

@backpackingonline 6 ай бұрын

@@bobshagit-io8lq ..good one! The people that like to gamble can make side bets, or take their money to casinos. The Stock Market affects prices of commodities and the buy-sell of currencies 24/7 affects both rate of exchange and the purchasing power of currencies, and that is only two examples of pushing price at each part of the supply side.

@backpackingonline 6 ай бұрын

@@bobshagit-io8lq ..good one! The Stock Market affects prices of commodities and the buy-sell of currencies 24/7 affects both rate of exchange and the purchasing power of currencies, and that is only two examples of pushing price at each part of the supply side.

@fredm1 6 ай бұрын

I totally agree with him; the current economy is unnecessarily tougher for boomers/senior citizens, I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my $485k portfolio. I’m really worried about survival after retirement.

@georgeh.5126 6 ай бұрын

May be unable to offer such personalized guidance. However, I suggest consulting with a reliable advisor to ensure appropriate investment planning.

@josephbush 6 ай бұрын

I agree, I've been a stock market investor for eleven years; over the final four of those years, I reportedly sought financial planner assistance because of the COVID-19 pandemic crash. With only these few years of coaching, I've been lucky enough to increase my return on investment by ten times, totaling around $1 million as of right now.

@tommyers0 6 ай бұрын

@josephbush Mind leaving info of your advisor here please?

@josephbush 6 ай бұрын

'Heather Lee Larioni'. One of the finest portfolio managers in the field also widely recognized. Just research the name. You’d find necessary details to work with and set up an appointment.

@tommyers0 6 ай бұрын

Thank you for sharing. it was easy to find her, then I scheduled a phone call with her. She seems proficient considering her résumé.

@vegas11t 6 ай бұрын

Credit Card spending and retirement account raiding, things that are modern sources of uncontrolled spending.

@happyappy19931 6 ай бұрын

But, but…Biden and the Democrats say everything is great.

@alexisa7200 6 ай бұрын

Infatuation didn’t come down in a grocery supermarkets . The food markets taking advantage of this and raising food prices every week. Box of cereal now cost $12

@peteranderson2687 6 ай бұрын

I think you can blame Mr. Trump and the companies who care for themselves more than the people they represent 😢😢

@TexasRed167 6 ай бұрын

Stop eating then. Not smart are you😮

@chimpspecialist 6 ай бұрын

Sorry, but there was no inflation under Trump.

@ninjagirl226 6 ай бұрын

Idk when I go to the grocery store it’s as if a hurricane or bad storm is coming in but there isn’t. There’s nothing there. People don’t seem to care if cereal is $12.

@firstlast8258 6 ай бұрын

@peteranderson2687 speak for yourself 🤓 🖕

@shuvmesumknowlegde 6 ай бұрын

2023 should have been the boom year. Everything should have been in over drive. But what happened was people spent the same amount of money that got them less in products. Personal debt is at a critical point. So people bought less on 2 fronts. The dollar purchasing power and less liquid assets.

@williamfrye7815 6 ай бұрын

There is one big difference between the internet boom and the Artificial Intelligence boom will be the awful and immediate impact of worker displacement. Worker retraining won't be nearly fast enough.

@GenXgirl969 6 ай бұрын

Infusion of gov’t spending doesn’t mean it’s a good economy.

@FerallHog 6 ай бұрын

If this is a so called Strong Economy, I’d hate to see a weak one.

@agrivere5494 6 ай бұрын

If we apply Occam’s Razor to this question, here’s my take. Remember first that GDP growth is adjusted by inflation. If the official inflation numbers are understated, which they seem to be, there’s the answer. Official inflation at 3%, actual inflation at 6%, and when you adjust GDP for inflation you get 3% GDP growth in a flat economy.

@stevenvanheyningen6403 6 ай бұрын

2 Trillion dollars of Deficit Spending covers a lot of problems

@Etron49 6 ай бұрын

you hit it on the head. The economy has been propped up with funny money.The books look real good when you use inflated dollars. With inflation people feel rich until they have to purchase something

@b.h.7157 6 ай бұрын

Oh,but Biden thinks our country should just foot the bill for education, living expenses. (Food, home, free education, medical,travel) for 10 million + illegal immigrants because…well, they might bring him a vote. Screw that ! My daughter wants children but can’t afford it with the way things are going in our economy..she will be supporting the children of the illegal immigrants the way things are going.. And, by the way ….she is a BSN nurse living in a rental because she can’t afford a house with the inflation and rapid increase in housing costs. Art..you are absolutely correct..The economy is not in good shape!

@rogerdorsey7823 6 ай бұрын

THERE ARE TWO SEPARATE ECONOMIES ONE FOR THE WEALTHY TO KEEP GOING UP AND THE OTHER EMPOSED ON THE MAJORITY MIDDLE CLASS AND LOW END BOTOMING OUT.

@hotchihuahua1546 6 ай бұрын

What worries me , everything is being shored up by the powers that be , giving us a false sense everything is OK . With the Feds not dropping interest rates this week may be the tipping point, the stock market reacted and is going back down . Now we are starting to see major layoffs ! This next state of the economy report will be a real indicator ! Between financing 2 wars , covering the cost of 10 million border crossers , inflation hurting more than half the country and a record deficit that is still rising , it is worrying !

@scottbrooks5662 6 ай бұрын

Housing and commercial construction has slowed down tremendously in the DFW area.

@nealruth664 6 ай бұрын

The economy is growing ? Not in the places where I do business at. Empty stores and parking lots. I'm thinking these numbers and hoopla being heralded are not reliable.

@westernnyliving2515 6 ай бұрын

growing for the rich off your back. With 10 million new workers that will work for peanuts, well good luck to all, seems like the wealthy will do fine.

@djrickyb 6 ай бұрын

Remember in 2007 News Media was spouting how great the economy was RIGHT BEFORE THE HOUSE MARKET CRASH AND ALL THE LAY OFFS OCCURED? What have we been seeing in the news last 6 months...LAY OFFS. UPS just announced 12K lay offs yesterday! 93 companies so far in 2024 has announced lay offs. There were 271 in 2023 laying employees off. My work isn't hiring any new employees right now, and they got rid off all the temps we had for the last 6 months about 3 weeks ago!

@mikemaselli1568 6 ай бұрын

Honest comments. Thank you Mr. Kudlow. Keep up the great work!

@Bitcoin_Gold 6 ай бұрын

UPS laying off 12,000. This shows people are not spending means no delivery.

@pascalouellette8516 6 ай бұрын

Again the second half growth rate is more than half government spending, not good...

@leisaparke580 6 ай бұрын

I want NOTHING to do with AI.

@bobshagit-io8lq 6 ай бұрын

7:10 productivity boom.... this is slang for insourcing manufacturing with under the table immigrant labor

@johntynio3416 6 ай бұрын

Prices up 30% and the economy up 3%! Where's the growth? Thanks !

@jeremyrogers8828 6 ай бұрын

$5 for 18 pack of eggs in eastern Washingtin State. $40 for a pot roast. 2 cheapest meals historically, now a major meal.

@jeremyrogers8828 6 ай бұрын

@@user-gi8qn9hb5r thats why you fake a user name? A troll? You are just too dumb to be AI

@parislove48075 6 ай бұрын

Sent the immigrants to live in on the White house and Capital grounds. Both parties will solve the problem in 24 hours and save Billions

@mdaiken82 6 ай бұрын

Productivity means nothing if your combined audience lacks the means to purchase.

@MrMSBranham 6 ай бұрын

Anyone notice that the GDP of percent is about what inflation is? In point of fact most of the growth is in government related jobs. That's not a healthy economy

@TexasRed167 6 ай бұрын

I know let’s spend a few trillion more that we don’t have!! 😮

@thomasauslander3757 6 ай бұрын

It's like having bitcoins just create some more..

@erichbrewer6403 6 ай бұрын

With inflation, money is taken from the consumer class, the middle and poor. Business and the rich do very well on the immense wealth transfer that is going on.

@kevinshea9794 6 ай бұрын

Jobs up! Wages up! Productivity up! Yeah, economy is trash!😂 Stock market record high!

@b.h.7157 6 ай бұрын

Maybe we would feel improvement if groceries and taxes would be less.

@peteranderson2687 6 ай бұрын

I think you can blame Mr. Trump and the companies who care for themselves more than the people they represent 😢😢

@brunoheggli2888 6 ай бұрын

We need a lot higher taxes for corporations and the wealthy!We need luxury taxes and swimmingpool taxes and way higher real estate taxes for Houses worth more then 2 million!

@johnsnow9232 6 ай бұрын

Economics is “the dismal science “

@bobblue_west 6 ай бұрын

(Economics is “the dismal science “) Please don't call it a "science" Anymore than tarot card reading.

@gustavogsepulveda8223 6 ай бұрын

" The DATA " " The DATA " , Numbers don't Lie , But who is putting in the Numbers ?

@ZionForman 6 ай бұрын

there is no way 62% of Americans are invested in the stock market, even passively.

@moonpie2637 6 ай бұрын

Far to many Americans fell into the "keeping up with the Jones's" mentality and are getting hit with the high inflation. Cars loans, home loans and credit card debt has become a huge weight on many of these people. Always assume winter is coming, because it always does.

@zerothehero753 6 ай бұрын

Growth rate?!. I want you to answer me a question. How many dollars in the United States' economy, cook from the welfare rolls? Not only that but, how many US dollars come from all the different loads, loads of subsidies. More, how many government employees are there? Even more, don't forget about all of the state sponsored education facilities. I would bet, that there other things I have not, thought about. Oh! Yeah. How many dollars simply leave the country. Mm.. in any case of it, I really can't believe, anybody is actually calculating jack anything, properly.

@mhansen111 6 ай бұрын

Come on Kudlow...What do you buy that only went up 3%? Everything I buy is 30% - 200% more expensive. I'm spending more money to buy less and that's why there's layoffs - fewer products are being bought so they lay people off even though the real dollar amount is higher only because of inflation. The amount of goods that are being purchased is DOWN not up. We spent more but didn't make more and got much less. We're actually down 15% -40% in real terms.

@ricksplat3379 6 ай бұрын

What happened is, they extended Trumps tax cuts. If or when those expire.....the market will crash....hard.

@johnsnow9232 6 ай бұрын

Fed tightening matters , Larry. Mortgage rates have doubled in 3 years

@MyBrian67 6 ай бұрын

Kudlow is wrong as usual, the economy did not grow in 2023. We had a huge decline in manufacturing and a huge increase in deficit spending and debt across all aspects of the economy as that’s what grew not the economy. Credit card debt is the highest since 2008, national debt is 34 trillion and savings is at an all time low. In addition the GDP uses government deficit spending in its calculation making the entire number a fraud because creating more debt isn’t growth. Add this to the twelve months of negative job market revisions and a huge decline in full time jobs and we have a pile of garbage for an economy under Biden.

@jonwarren8757 6 ай бұрын

What about cheap illegal labor?

@user-jk3mi2ee9z 6 ай бұрын

Shut the borders no more money package deal .

@RasputinReview 6 ай бұрын

"I'm 83" no way is that guy beyond his 60's

@jaycarver4886 6 ай бұрын

Born in 1940!

@Thomas-il8ph 6 ай бұрын

The only new Buisnesses are fast food and Taco stands, lol

@Bitcoin_Gold 6 ай бұрын

Today Feb 1 start of Rent increase of 4% to 7%. Landlord have authority to raise rent. Get ready for continue massive evictions wave

@miketracy9256 6 ай бұрын

Inflation has come "down" unless you need to eat or need a place in which to live.

@kennethjacobs2151 6 ай бұрын

It would be nice to know how the US debt figures into all of this growth. Seems like it's a number that nobody ever talks about. Spending will not cease. There has to be a tipping point on the horizon. We have created a whole new class of welfare recipients. How much longer will the American citizens have to fund them?

@quantumthuglife4444 6 ай бұрын

83! Sharp!

@mlmoreno75 6 ай бұрын

Got strong on the backs of the unemployed. People were hurt to achieve those numbers

@williamacuff7707 6 ай бұрын

Good call Art, when expences double theres much waste happening! Will this continue?

@eduardofukay 6 ай бұрын

Where the 3,5% of growth came? From the billions of dollars of munitions sent to Ukraine. All the money went to the military-industrial complex that moved the economy. The problem? The problem is that Ukraine is never going to pay for this and this will result in a void that we will pay in the future.

@westernnyliving2515 6 ай бұрын

Funny how wars and gdp go hand in hand.

@user-vw3dw6or9t 5 ай бұрын

ART FOR PRESIDENT !!!!!!!

@coryshook7648 6 ай бұрын

Art Laffer actually is 83? YA! Holy shi-! I want what he is having! How the hel1 does he look like that at 83 and sharp as a razor and Biden is an absolute vegetable?

@KenMac-ui2vb 6 ай бұрын

A loaf of bread is 5 bucks. It's all a joke now. You can see the crash ahead...

@tokesalotta1521 6 ай бұрын

All of that government spending allows the people receiving that money to invest that money. However, it's literally stealing the value of our dollars. Your 401k may be worth slightly more, but you're paying more and more for everything you buy

@pascalouellette8516 6 ай бұрын

Forbes was right about covid was similar to having a prior war type economy...so it is in recovery

@glennhopkins2643 6 ай бұрын

I should be working in beautiful Gig Harbor right now !!!

@glennhopkins2643 6 ай бұрын

Patterson will pay !!!

@MakeMoneyOnlineWithEmma 6 ай бұрын

These guys clearly havent been to a grocery store or bought anything at a store lately.

@bigfoot-id8bv 6 ай бұрын

“Exactly the opposite happened” or are they just telling us “exactly the opposite happened” I’m in a moderately affluent area and nothing is better.

@dennishungerford4146 6 ай бұрын

My Ira lost 50% value. Now age72 & must divest where taxes will take another 10k from my retirement? Demoparty warned us not to do “ira” we would loose ! They’ve made it happen…

@ClarendonChaos 6 ай бұрын

This is especially true today. It seems like the legacy corporate media is in its terminal phase of its lifespan.

@gregfawcett5152 6 ай бұрын

Any illusion of wealth is due to a current 34 Trillion of debt.

@bopitbull3957 6 ай бұрын

We don't need Fox news to tell us the economy is so bad that I've never experienced anything like this in 55 years. The car Union can just plan on going bankrupt and they better get financial assistance for Joe Biden before he leaves office cuz they're through with the normal citizens of America.

@glennhopkins2643 6 ай бұрын

US inflation rate is still way too high.

@betsypower7850 6 ай бұрын

What the hell are they talking about gross and that this is not a recession These people are so out of touch If I buy a pack of gum, I’m stunned because the price goes up every day

@chimpspecialist 6 ай бұрын

Yeah but increased productivity means we need fewer workers, and that's not left or right.

@111jimi 6 ай бұрын

so Brandonomics is workin' then eh.......that means 4 more years of "Lets go Brandon" i reckon.......happy days are here again!!!!

@mattatuckmanful 6 ай бұрын

Art is the man!!!

@JosephNohbuhdy-fx1xr 6 ай бұрын

God Bless America 🇺🇸🙏⚓ USA!USA!USA! In Jesus Name Amen 🙏 Great stuff Mr. Kudlow 🙏

@BLOODFART309 6 ай бұрын

The market would have had to over double to reflect breaking even due to the dollar being worth half what it was a few years ago. We're in an undercover depression, while dumbfk claims victory 😂😂😂😂😂

@miketracy9256 6 ай бұрын

The growth is a house of credit cards and deficit spending and borrowing.

@timcobb1752 6 ай бұрын

Ai will cost jobs. Unemployment is bad for the economy.

@user-qr5vb3vm6e 6 ай бұрын

70,000 is twice what I made working 128 hours at fulltime jobs a week plus 8 in overtime pay. I had 5 16 hr days and a 56 hr. Guard job whare I could sleep in shifts with the other guards and trade places so they could.