Will Stagflation Return To The U.S.?

Рет қаралды 841,477

Күн бұрын

Central bankers are tightening the U.S. economy as inflation takes hold in historic fashion. Meanwhile, the unexpected shock of war in Ukraine is slowing global growth. Experts say the moment recalls the "Great Inflation" of the 1970s and 80s. This period is remembered for stagflation, which describes the dual-threat of stagnant growth and persistent inflation. Today's Federal Reserve leaders hope to avoid such a dramatic turn of events. But their plan could backfire, as many root causes of inflation are outside of the bank's control.
The Federal Reserve is hiking interest rates in an effort to defuse an explosive year of price inflation. But global forces could neutralize the effects of that tightening of monetary policy, and keep inflation high.
Some observers believe the U.S. government may have misread the looming threat of inflation. During the pandemic, Uncle Sam dispersed historic sums of cash to blunt widespread economic damage. Analysts say this stimulus produced strong household savings. A boom in demand for durable goods followed.
This surge in demand came as global supply chains stalled out, and a persistent bout of inflation followed. In March 2022, prices across all categories rose to historic levels, 8.5% year over year. And investors believe the price hikes aren’t over yet, according to a New York Federal Reserve survey.
“The only way to break the back of inflation that’s running out of control is for very tight monetary policy, ” says Richard Fisher, former President of the Federal Reserve Bank of Dallas. “It slows things down because everything becomes expensive.”
Today’s inflation isn’t spiraling in the way it did in the recent past, however. From 1965 to 1982, inflation soared, at times reaching double-digit rates. In 1979, the central bank, under Chair Paul Volcker, kicked off a tightening cycle that resulted in interest rates of nearly 20%.
Strong monetary policies killed inflation, but also led companies to offshore labor costs. As a result, American workers saw their labor income stagnate relative to productivity for four decades.
This period in U.S. economic history is remembered for stagflation, which describes the duel threat of stagnant growth and persistent inflation.
Today’s Federal Reserve leaders hope to avoid such a dramatic turn of events. But their plan could backfire, as many of the root causes of inflation are outside of the bank’s control.
» Subscribe to CNBC: cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: cnb.cx/SubscribeCNBCtelevision
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC News on Twitter: cnb.cx/FollowCNBC
Follow CNBC News on Instagram: cnb.cx/InstagramCNBC
#CNBC
Will Stagflation Return To The U.S.?

Пікірлер: 1 600

@Robertgriffinne Жыл бұрын

Now with the recent economy, To get financial FREEDOM you have to be Making Money while you're asleep

@wiebeplatt4749 Жыл бұрын

People prefer to spend money on liabilities,Rather than investing in assets and be very profitable.

@instinctively_awesome8283 Жыл бұрын

You're so correct! Save, invest and spend for necessities and a few luxuries relatives to on's total assets ratio.

@marianparker7502 Жыл бұрын

I've known I had wanted to start investing for a few months but just haven't been brave enough to start due to the market so far this year. I have $60k i want to transfer into an S&S ISA but its hard to bite the bullet and do it. $457 is a huge milestone, Please whats your strategy? i will love to have an insight

@PhilipMurray251 Жыл бұрын

@@marianparker7502 I began with a fiduciary portfolio-advisor by name "CORINNE CECILIA HEANEY . She’s verifiable and works ethics is in accordance with US investment act of 1940. Her approach is transparent allowing total ownership and control over my portfolio with fees very reasonable in comparison with my invstment-income . Also, She covers things like investment insurance, making sure retirement is well funded, Go over tax advantages , ways to have a volatility buffer for investment risk. many things like that.

@instinctively_awesome8283 Жыл бұрын

@@PhilipMurray251 Word of the day : fiduciary. do not talk to anyone who is not a fiduciary to you , who explains everything.

@taylorarmitage8074 Жыл бұрын

You may not have noticed inflation in years past, But 8%+ inflation over the past year should've taught you that the cost of living increases every year (home prices, rent, groceries, plane tickets, home repairs, etc.) Only way to beat inflation is by investing your money

@cloudyblaze7916 Жыл бұрын

The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse is near.

@arthurcooper9959 Жыл бұрын

People are working and there is little or nothing to show for it. everybody is basically working to sort out one bill or the other. no savings.

@jinajung1943 Жыл бұрын

@@arthurcooper9959 Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.

@megrandall1488 Жыл бұрын

@@jinajung1943 How can i get started when it comes to investing and passive income?

@jinajung1943 Жыл бұрын

@@megrandall1488 Personally I work with ‘’Theda Helene Jackson’’ a pro who sets asset allocation that fits my tolerance and risk capacity, invstment horizon, present and future goals. My portfolio have accrued gains of about $130k

@fidelabc123 2 жыл бұрын

I'm an engineer and I can't even afford to buy a decent house. The middle class is screwed

@Jack-russell103 2 жыл бұрын

You e had record years of low interest rates and you still couldn’t t afford a,house? That’s your fault no one else’s

@whosurdaddy1975 2 жыл бұрын

I am software engineer, I quit my job 25 years ago and started my real estate company, best decision I made :)

@jasonmaclin2957 2 жыл бұрын

The GOAL is to get rid of the middle class, make folks anti-social, keep them on social media and have them self medicate themselves. Either people are going to be financially challenged or wealthy as hell !!! Classism in America

@asishreddy7729 2 жыл бұрын

@@Jack-russell103 you really should broaden your thinking before commenting. You’re just spreading your ignorance

@pteranodon6612 2 жыл бұрын

In my area a "decent house" is $1.5M. I make over $100K, but I still have no hope of affording it.

@see-it-for-yourself 2 жыл бұрын

lol, " Fed has credibility today" yeah right, 6 months ago Fed was saying inflation was transitory. very credible.

@identifiesas65.wheresmyche95 2 жыл бұрын

And now they're saying the gdp contraction is transitory 😂

@zw1588 2 жыл бұрын

Fed are professional liars. They live up on lying. They are group of fraudsters without moral standard.

@amenbrother8818 2 жыл бұрын

Jerome Powell is going to make Arthur Burns look like a genius. J. Powell is the worst Fed Chairman ever. One man has never been so responsible for so much economic misery. He stood by and uttered nonsense about transitory inflation for a year when Mohamad El Arian and Larry Summers were telling him to get with it, start raising rates. Powell kept fiddling!

@inconspicioussharter7614 2 жыл бұрын

Bunch of hacks

@Passions Жыл бұрын

6 months ago Russia didn't invade Ukraine.

@monaharper7792 Жыл бұрын

I will forever be indebted to you ??you’ve changed my whole life I’ll continue to preach about your name for the world to hear you’ve saved me from a huge financial debt with just little investment thanks so much Mrs Kathy Boyce Johnson

@hallejohanssen965 Жыл бұрын

WOW....amazing to see someone who trades with her and she has saved me from the inflation effects i am currently on my 7th trade with her and my portfolio has grown tremendously

@lisahalls237 Жыл бұрын

I grow my finances and save with her help too, Kathy charge a15%commission on profit made after every trading session which is fair compare to the effort she put in to make huge profit... i have nothing to worry about during this inflation crisis

@bernadettecoudert5904 Жыл бұрын

I invest with mrs Kathy too , she charge a15%commission on profit made after every trading session which is fair compare to the effort she put in to make huge profit... i cant thank her less for her help

@roywalker8578 Жыл бұрын

this is not the first time i am hearing of this woman and her exploit trading world but i have no idea on how to reach her

@monaharper7792 Жыл бұрын

@@roywalker8578 *you can reach her through her Telegrm page*

@fourtywater77 2 жыл бұрын

Im trying to figure out 8.5% inflation when everything has increased by 50-100%? I feel like somebody's lying.

@julielevesque2668 2 жыл бұрын

I agree that inflation is higher then what they are telling us but I guess it all depends on what you are buying.

@Falconlibrary 2 жыл бұрын

Inflation was very high in the early 1980s so Reagan had the calculation formula changed to lower it. The actual inflation rate using the pre-Reagan formula is around 35%, which is hyperinflation.

@AK-rq1cz 2 жыл бұрын

Especially on a lot of food.

@ipodtouch470 2 жыл бұрын

It’s how they are measuring it the way they measure it is not comparable to how the average person experiences inflation. I think there is a measurement called realflation that tries to solve that issue.

@callmeosho7792 2 жыл бұрын

Luxury goods havent increased that much so it lowers the average

@inflationking1271 2 жыл бұрын

The FED having "credibility" today must be a joke

@Saiputera 2 жыл бұрын

This is why you should never spent trillion, trillion of dollars in 1years of joe Biden presidency

@ok.ok.5735 2 жыл бұрын

The only street Cred the Fed has is from Wall Street they like print baby print!

@krynosisdreamer1421 2 жыл бұрын

It is!

@seikocitizenwatches Жыл бұрын

Biden’s failed policy is the joke

@redwolfexr 2 жыл бұрын

Inflation is only "healthy" when wages are also growing in time with it. My salary has been flat even IGNORING inflation for 12 years now. It peaked 15 years ago and then fell for a few years (when outsourcing ran rampant) and now it has stabilized fairly close to what I made 20 years ago. Ignoring inflation, mind you. (I make my 20 years ago salary, today, in 2022 dollars) Fortunately I bought my condo in 2008 dollars, so my housing costs have been mostly stable. I feel for all the people trying to RENT in this economy, those rates are almost twice what they were 12 years ago. My last apartment before I bought was $1400/mo - that EXACT SAME unit is $2300 today.

@cy20998 2 жыл бұрын

No it isn’t, it’s literally called the wage price spiral rofl

@ALLANKAMBINDAMA 2 жыл бұрын

@@cy20998 yeah if salary changes according to inflation then it's like it doesn't matter. Right?

@wessydafall 2 жыл бұрын

No, it isn't. Inflation hurts savers and those living on fixed incomes, like retirees. Just because wages keep up with inflation does not mean it's a good thing -- and in fact, can be the driver of inflation.

@samuelspiel8855 2 жыл бұрын

The working class are modern serfs. We just get squeezed in slightly more subtle ways.

@richpuller1348 2 жыл бұрын

Beijing Biden guarantee's it.

@antlu65 2 жыл бұрын

Even CNBC has to admit the ship is going up in flames. I thought Kramer said this was the best economy he had ever seen. 😂

@kumardammu6942 2 жыл бұрын

kramer is always wrong. just do exact opposite of whatever kramer says

@imwrongbutlisten 2 жыл бұрын

GDP is growing at 7% we could lose 1% two quarters in a row. Meaning technical recession. And still grow faster then Obama's GDP and trumps . This is going to get fun.

@nobodyspecial7340 2 жыл бұрын

It's almost like "the economy" according to wealthy investors(ie the stock market) doesn't really reflect the average income and price conditions faced by wage earners.

@michaelgentile9580 2 жыл бұрын

Kramer is a cheerleader for the kleptocracy.

@jarredwoolis4929 Жыл бұрын

It's a shame Paul Volcker isn't here with us today, I would love to hear his opinion. It took balls of steel to do what he did, he took action and he knew how much hate he was going to get, but it worked.

@cristiandemirel1918 2 жыл бұрын

I love how some people talk about inflation like it's something that came from thin air, when in fact it''s 100% Government made. In reality, inflation is a tax that the Government puts on your savings, if you have any. I used to think that conspiracy theories are silly fiction stories, but now i realize that reality is worse.

@michaelgentile9580 2 жыл бұрын

If you were surreptitiously robbing people's savings and retirements, then expecting them to vote for you, you'd make it a bloody mystery as well. LOL!

@Shooketh92 2 жыл бұрын

Exactly. It's essentially a way to 'tax' the entire population without the sheep noticing after having turned billionaires into multi-billionaires during the pandemic and even before.

@FHDOnTheStreet 2 жыл бұрын

I'm glad there are a few people who actually understand how the real world works. Inflation is the biggest hidden tax in the world. It takes away from our incomes without ever taking any numbers away, it just reduces our purchasing power. A dollar today is worth more than a dollar tomorrow. Also inflation is a way for governments to sustain their national debts and to make it affordable. Think about it, if they, for example, 30T in debt, and make money less valuable then that 30T in debt is actually much cheaper now to finance. Inflation is a hidden tax on the future.

@jamiearnott9669 2 жыл бұрын

I agree with you. this is entirely government sponsored! Same in UK too. largest amount of money ever created! Who'd rather just get COVID?

@whathell6t 2 жыл бұрын

@cristiandemirel1918 Do you actually have citations to back your claim?

@ramonyanez89 2 жыл бұрын

Odd how wages didn't change since the initial backbreaking effort to get things in line and now we're back here again. Phrasing it as in 4 decades obfuscates just how little has been done on a federal level since the 1970's if all it took was a decade. Farcical, a government unconcerned with supporting its people will soon find them unwilling to support it in turn.

@2hotflavored666 2 жыл бұрын

And yet you'll keep voting for the same 2 major parties for decades to come.

@jrstsb1353 2 жыл бұрын

@@2hotflavored666 There can be 5 political parties and 3 independents, as long as they are on the take from corporations, bet on it not going your way. Unless of course you're a corporation. I hope everyone is enjoying their democracy illusion. Lol

@helengarrett6378 2 жыл бұрын

Absolutely. The government must govern and institute price controls. During WWII when we had trouble paying for a war on two fronts we had rationing and price controls. People were issues coupons for necessities. Big family l is got more than small ones. It insured that everyone got some of scarce commodities. It was government control. We can demand that the government control prices, black marketeering and gouging. We can demand a fair shake for our people.

@jrstsb1353 2 жыл бұрын

@@helengarrett6378 Why would they, corporations are benefiting from the high prices. The politicians are beholden to the people who put them there, corporations.

@richpuller1348 2 жыл бұрын

Beijing Biden guarantee's it.

@TheSterlingArcher16 2 жыл бұрын

Anyone with basic economic common sense knew in 2020 that printing trillions of dollars and pumping them into the economy was going to result in high inflation. When you flood the economy with currency, the value of each unit of currency falls.

@jimj2683 2 жыл бұрын

That is not what causes inflation mainly. The inflation came from supply chain bottlenecks caused by the pandemic.

@sharkbaitohahha 2 жыл бұрын

@@jimj2683 lol ya OK Jim. The printing of trillions of dollars had nothing to do with it.

@Danny-zg5gn 2 жыл бұрын

@@sharkbaitohahha lolll ong it is sad to see so many manipulated into believing the current administrations talking points about how inflation is from the bottlenecks not them spending multi trillions

@jimj2683 2 жыл бұрын

@@sharkbaitohahha You are so ignorant. It is only part of it. You have been brainwashed by all the right wing youtubers. There is much more to inflation than moneyprinting.

@AL-hb6hi 2 жыл бұрын

@@Danny-zg5gn The current administration had nothing to do with it. Trump was the president when that 5.7 trillion got printed and handed out. You watch too much fox news.

@Eltopshottah 2 жыл бұрын

Essentially “We will fix the car by ramming it into a wall and building a new one “

@themomaw 2 жыл бұрын

Sad that the "how to you survive this as a normal person" section was utterly useless. I can't afford a house, my investments are going down in value, and at this point I pretty sure I am working a full time job in exchange for negative income. Is it time to eat the rich yet?

@gregh7457 2 жыл бұрын

don't blame the rich. they're just smarter/luckier than you. Its time to accept your fate

@adamtedder1012 2 жыл бұрын

not the rich. the politicians, the bankers, the media for covering for them.

@terpjr 2 жыл бұрын

Sorry, but the rich aren't responsible for inflation and the market sucking.

@esco7607 2 жыл бұрын

AMC 💎🙌🚀🚀

@ProfessorHoffman 2 жыл бұрын

@@gregh7457 What a simple minded take on the subject. Bravo for being a lapdog, I guess

@creative_grassrootsgarden 2 жыл бұрын

To help save money and prepare for the uncertainty of future food supply, my family and I have started a small backyard garden. We're learning how to homecan, seed save, make compost, and preserve what we grow. Less than 2 years in our new home and we've completely transformed the backyard. We are beginner gardeners, growing and learning along the way. Recently I started a gardening channel to help encourage others to begin growing as well. No time better than now to learn self sufficiency.

@Xolition 2 жыл бұрын

You are awesome

@matheuscerqueira7952 2 жыл бұрын

Damn good merchandise

@ariannaw8932 2 жыл бұрын

I worry about those who cannot do this though. Living in apartments and renting etc. I’d love to garden but I can only grow so much.

@Tribuneoftheplebs 2 жыл бұрын

Interesting stuff. Subscribed

@norazmawiabdulkadir897 2 жыл бұрын

Agree with you...we have to start learning to produce our basic need.i belive there will be a big war or global destructive event in 100 years cycle time...the time where we cannot buy even we have ton of paper money.

@carolinejohnson985 2 жыл бұрын

Professional investors are growing increasingly gloomy about the future, with the majority now predicting that stocks will fall into a bear market this year and the U.S. economy will be plagued by stagflation-meaning high inflation and slow economic growth-according to Bank of America’s latest Global Fund Manager Survey.

@guohuajianhua15 2 жыл бұрын

With surging inflation and geopolitical uncertainty from Russia’s invasion of Ukraine dragging the U.S. stock market into correction territory this year, fund managers are now holding more cash, at a rate not seen since April 2020, when pandemic lockdowns plunged the economy into a short recession.

@anfisayury4218 2 жыл бұрын

Who's this professional everyone is talking about I always see her post on top comment on every KZfaq video I watched.

@garelaxa1079 2 жыл бұрын

I think for poeple to talk all this good about her, she must be an experience professional, please how can get intouch with her.

@juliusowen9717 2 жыл бұрын

I think she deserves a honor

@davidlafleche1142 2 жыл бұрын

Socialism guarantees economic collapse.

@bmphil3400 2 жыл бұрын

PRODUCE MORE FUEL.!!!!!! This will: 1. Lower all shipping costs. 2. Lower production costs. 3. Lower food costs (fertilizer etc) 4. Lower prices of oil based products....plastics etc 5. Lower the money flowing to Russia. 6. Force Russia to sell wheat for whatever it can get. 7. Allow us to replenish strategic oil reserves cheaper. You can try and believe Biden when he says this is Putins fault.....but he cut US oil production on day one and is still cutting it.

@haroldcruz8550 2 жыл бұрын

It's not going help that much because fuel price is not the cause of it, fuel crisis made it a lot worse but even with sufficient oil supply inflation will still be high.

@MaybeNextTime0 2 жыл бұрын

@@haroldcruz8550 The fuel prices, as you just admitted, are one of the primary reasons the inflation is as bad as it is. Of course it won't solve the issue entirely, but it will help significantly. There's literally no other solutions that aren't double-edged swords. Raising interest rates will help a bit, but they're already wreaking havoc on the stock market.

@haroldcruz8550 2 жыл бұрын

@@MaybeNextTime0 The inflation is already very bad even before the Russian-Ukraine conflict. Remember the transitory BS by the Fed.

@ezralimm 2 жыл бұрын

It's not stagflation - it's textbook inflation. Money supply grew without a corresponding rise in productivity - hence money became more worthless. This is the textbook definition of inflation.

@SlowhandGreg 2 жыл бұрын

productivity has risen but your right too much money was printed and now it needs correcting by taxing the rich where its spiralled up to and paying down the debt

@louisvuitton1859 2 жыл бұрын

We’re in a stagnating economy. With high inflation. Hence, stagflation.

@SlowhandGreg 2 жыл бұрын

@@louisvuitton1859 not there yet I had a look at the figures a lot of the 1st quarter is 1/3 defence spending (could that be not being in Afghanistan now) Plus there was a pull back on state spending plus another wave of covid in certain states with fewer than 1/2 the population having had a 3rd booster shot overall with Red states still lagging in vaccine adoption.

@vkrgfan 2 жыл бұрын

We will see the slow down, because of the lack of supplies and raw materials. I don’t think many realize how much Europe depended on Russia not just in terms of oil and gas but a variety of other raw materials, grains, metals etc. if European economy slows down so will the USA.

@NazriB 2 жыл бұрын

Lies again? Soccer Football

@JF-xq6fr 2 жыл бұрын

8.5% inflation?... Nice try 'forgetting' the "1" at the front.

@RAS_Squints 2 жыл бұрын

This will be transitory just like 2 weeks to flaten the curve

@FacultyFan 2 жыл бұрын

SSHHHHHHH! It''s Trump's fault! GRRRR That Orange Man is bad! I can't afford to live now, but aren't I sure glad he isn't PRez!!!!

@larrys4618 2 жыл бұрын

@@FacultyFan who was president in 2020?

@FacultyFan 2 жыл бұрын

@@larrys4618 you’re making my point, who was president when “inflation reached its worse rate in 40 years”?

@FuckYou8495 2 жыл бұрын

Yeah bro. Last year it was “transitory inflation” this year it’s “soft landing”. Can’t wait to see how this goes. On the bright side, there will be leas wealth inequality and that’s what really matters, right?!

@tomgeezy5073 2 жыл бұрын

save for a rainy day? but when the day rains, your money will be almost worthless.. u would need shelter and food morso

@jaybartgis5148 2 жыл бұрын

"The 1970s were some of the worst times in history" pfff. I'm at a complete loss trying to figure out how paying for your university tuition and board with a part time summer job is hard.

@MsBRIEBrie100 2 жыл бұрын

Literally!!! I had several college professors tell me who went to college in the 70s the same thing. They could literally pay for all there living expenses with a summer job. You could even do the same throughout the 80s and early 90s too.

@ricardo7447 Жыл бұрын

Exactly and then boomers complain that us millennials are lazy. No, we just don’t have equal opportunities to what they had

@chrisc5250 2 жыл бұрын

Kind of a moot point, stagflation already here. You guys ever gonna be up to date on S, or you just gonna lag behind by 12 months on everything?

@mae8646 2 жыл бұрын

They don't want people to know how bad it is. They pretend it's not happening until they literally can't anymore because it has become obvious to everyone, and then they pretend it's not as bad as it really is. What I wanna know is why

@midnightroads4180 2 жыл бұрын

We've already entered a recession and stagflation.The question really should be "Will a depression return to the U.S.?"

@mae8646 2 жыл бұрын

I wonder what a great depression would be like in this technology-feuled era?

@tolazytothinkofanamd2351 2 жыл бұрын

@@mae8646 Easy. The techies will continue to make money and everyone else will lose buying power. Wall ST will actually fall but wages for them will go up

@mae8646 2 жыл бұрын

@@tolazytothinkofanamd2351 Yeah duh, I meant more like imagine poverty on the same level as the great depression but with the internet. Like, how would one now differ to a depression back then

@tolazytothinkofanamd2351 2 жыл бұрын

@@mae8646 Honestly you'd be busy watching KZfaq all day and not go out demand change like you would have pre internet/tv. Media has really raised several generations of I don't care people.

@mae8646 2 жыл бұрын

@@tolazytothinkofanamd2351 Lol ok

@carlaldric545 2 жыл бұрын

Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works.

@cedricdesmet381 2 жыл бұрын

I truly agree with you on that,

@cedricdesmet381 2 жыл бұрын

I must say crypto is the future and with the way Bitcoin is climbing so high it's really advisable for people to invest now.

@cedricdesmet381 2 жыл бұрын

Mrs Kamilla helped me recovered all I've lost trading by myself

@lindaedi6320 2 жыл бұрын

Ever since I lost my job with the ministry, I have been surviving through my investment with her, am so glad I invested when I did. I’m earring $25k weekly with her

@lindaedi6320 2 жыл бұрын

Investment is that tiny line that separates the rich from the poor.

@dennyr989 2 жыл бұрын

Yes…and we CANT afford to send 33 billion to Ukraine! Where is Europe’s share of the bill?

@haroldcruz8550 2 жыл бұрын

They will ban Russian oil, that's their way of sharing the bill.😁

@bgdx8027 2 жыл бұрын

I thought inflation was transitory? LOL

@TheJasonbail 2 жыл бұрын

11:25 Did this guy actually just say the Fed has credibility right now? I want what he's smoking.

@coopshopdesigns4890 2 жыл бұрын

Everything is shrinking in size and going up in price

@Jeremiahking101 2 жыл бұрын

Thats not true for cars and trucks lol

@MrSupernova111 2 жыл бұрын

Phenomenal presentation on the issue of stagflation. Thanks!

@anukiran1735 2 жыл бұрын

Great lesson

@kage-fm 2 жыл бұрын

this reminds me of the phrase, “centrally-planned economy.”

@esco7607 2 жыл бұрын

AMC 💎🙌🚀🚀

@deezeed2817 2 жыл бұрын

America doesn't have a centrally planned economy. I don't think you even understand what central planning is. You would never get inflation in a centrally planned economy because you'd knock out the anarchy of the market.

@haroldcruz8550 2 жыл бұрын

@@deezeed2817 You obviously don't know the Fed.

@ghee2936 2 жыл бұрын

@@deezeed2817 not in this global economy dude. Are you saying the Chinese economy doesn't experience inflation?

@deezeed2817 2 жыл бұрын

@@ghee2936 China is NOT a centrally planned economy. It WAS a centrally planned economy before 1980. China's current economic model is STILL based on market forces therefore it's still subjected to the same contradictions of capitalist relations.

@ShakespeareCafe Жыл бұрын

The last refuge for low skilled workers-Amazon warehouse, door dash and Uber drivers-will be greatly affected as Americans contract their spending.

@michaelgentile9580 Жыл бұрын

You're missing the growth industries of unlicensed pharmaceuticals and high volume massage therapy. I imagine they will be blossoming as cyclical stocks fall out of fashion.

@julietmark9849 2 жыл бұрын

You've done an absolute top notch job on this. Very informative! Meanwhile, what's the best strategy to make gains in this present market condition? My portfolio is still down by 20% and It scares the hell out of me

@bobbygunz9254 2 жыл бұрын

@chris-pj7rk 2 жыл бұрын

@@bobbygunz9254 I second that! Two summers ago, I was in the university and simultaneously working as a blogger. with the help of a financial>coach, i grew my reserve of $70k to a reasonable sum in a few weeks. Helped me a lot.

@julietmark9849 2 жыл бұрын

@@chris-pj7rk I have past investments in Real estate, so I am looking for other means to maximize my returns seeing that the Real Estate Market is crazy atm! How can one find a verifiable financial Planner, I buy the idea of employing the services of a Financial Advisor because finding that balance between saving and living requires counsel.

@chris-pj7rk 2 жыл бұрын

@@julietmark9849 Nicole Ann Sabin is my Advisor, She has been of great help and her tutelage has brought me to a higher understanding of profit generation. You can look her up and verify her yourself

@julietmark9849 2 жыл бұрын

@@chris-pj7rk Found her webpage and left a message after looking her name up on the web. Hopefully she responds soon.

@USABESTMBA-COM 2 жыл бұрын

Nice video 📹

@Paper.Power.Politics 2 жыл бұрын

“ If the American people ever allow private corporations and banks to control the issue of their money, those banks and corporations that will grow up around them will deprive the people of their property until their children wake up homeless on the continent their fathers conquered” Thomas Jefferson

@JP-pq9xi 2 жыл бұрын

I like the word "conquered" here lol. yt people were actually badass at one point.

@strengthinknowledge9131 2 жыл бұрын

Tom Jefferson truly was a genius.

@james9297 2 жыл бұрын

Spends billions on military nothing happens. Spends million on social schemes - inflation, deficit will be too big blah blah.

@porkypine602 2 жыл бұрын

Biden just asked for another 33 billion to give to ukraine, wasn't the US out of money a few months ago

@james9297 2 жыл бұрын

@@porkypine602last i heard was that The US could never run out of money.

@MaryM-qq7zk 2 жыл бұрын

Good video and accurate about the 1979’s!

@alparslankorkmaz2964 2 жыл бұрын

Nice video.

@lexmoskovski4694 2 жыл бұрын

Thanks~~~~

@Runnifier 2 жыл бұрын

What would happen if loans where made illegal? People could only buy what they had money for. I’ve theorized that in 30 years your default rate would be near zero and your economy stronger and more stable. Interest rates are not a part of the equation if you eliminate loans. Also, loans allow things to become more expensive than than what they are worth to the consumer. Instead of a consumer influencing the market by not buying a product due to it being overpriced, they can take out a loan for it which gives an illusion of high demand which keeps things expensive instead of forcing prices down. Simply put, loans keep things overpriced (like cars and houses) and a price-tag that nobody can afford becomes the only price-tag anyone sees (i.e. inflation)

@karenwang313 2 жыл бұрын

It would also cripple the average persons ability to start a business. Things like restaraunts and small shops require hundreds of thousands of dollars to start, money which the average american doesnt have.

@ThePeterDislikeShow 2 жыл бұрын

@@karenwang313 You can still form coalitions to start those things together with pooled capital. Just no borrowing.

@Editnamehere 2 жыл бұрын

Middle eastern countries are like that. Off the top of my head is Iran. No credit.

@mohammedmohsen1474 2 жыл бұрын

I think regulating credit would be more reasonable than totally criminalize it and more beneficial for individuals, businesses and governments than a linear economy whose growth only depends on productivity alone.

@leighfoulkes7297 2 жыл бұрын

You need money in order to make money. You can't get enough money by simply have a job on the side because that takes years. You would have to reduce the cost of everything (rent, products, education and etc.) and even then, you'd still need to loan money (not as much though).

@bitcoinski 2 жыл бұрын

We haven't experienced a free market since August 15th, 1971...a.k.a.," The Nixon Shock". End the Fed. Bring back the Gold Standard.

@adriankelly350 2 жыл бұрын

they talk about Biden being the worst president of all-time, no one goes close to Nixon. Single handedly the worst decision of all-time. Look at the steady slow sustainable growth on the sharemarket before 70s, no one was getting rich but everybody was getting buy. Not after Nixon had his way

@krynosisdreamer1421 2 жыл бұрын

Yes!

@leighfoulkes7297 2 жыл бұрын

If we did that now our whole country would default. Getting off the gold standard was a good idea, if we used it to get rid of our debt but Reagan used it a blank check to "destroy" the USSR in military buildup. That is our real problem, our military budget is bankrupting us.

@sx3todd 2 жыл бұрын

fed wouldn’t be able to manipulate the currency/monetary value anymore. they’re NEVER getting rid of the fed

@MM-tt3np 2 жыл бұрын

I used to be a philatelist but I had to sell the whole collection to keepup with bills. Now I collect food stamps instead. Same, same but very different ;)

@fujitsufujitsu1670 2 жыл бұрын

I think part of the problem is that there is an unwillingness to make the link between quantitive / money printing and inflation nowadays due to years of politicians saying otherwise. The Ukraine War has been used as an excuse and distraction by western governments, but their handling of the War has caused more economic turmoil than solved anything, especially when actions in a globalized economy will affect anyone.

@psilobom 2 жыл бұрын

I think this is going to be the point where countries drift away from globally dependent economies. Which makes sense after Ukraine, if we really were so dependent on countries waging war on European allies (or any trading ally for that matter). This is not going to end well, as resources become scarce, certain markets may cease to exist, and the lack of dependence on one another through trade, will lead to the resources wars, from oil to silicon, to basics like clean water.

@puneetsingh70 2 жыл бұрын

What about China?

@chinguunerdenebadrakh7022 2 жыл бұрын

@@puneetsingh70 Yeah, the severe bottleneck in Shanghai should also be considered as a major factor.

@mae8646 2 жыл бұрын

@@psilobom People aren't willingly going to stop buying imported goods. As a zoomer they can pry the globalized economy from my cold dead hands. Unless a nuclear war wipes everyone out first, anyway.

@BlockIce84 2 жыл бұрын

I don't think there is unwillingness to connect the quantitive schemes of the FED, but for years there was a lack of inflation. I been thinking about making video tye reasons that I perceived that to happen. But, I also don't believed that we will go into a full recession, struggle maybe but not a 1970 recession like.

@rcdriver107 2 жыл бұрын

Treat EVERYDAY as if though it is a DEEP, TROUBLING RECESSION with stagflation and bad job markets like regardless!! In this way, no false highs or false hopes exist. This will also eliminate false sense of security or certainty. There is absolutely NO certainty in life at all. Spend wisely and use credit wisely & responsibly at all times!! Pay cash for things - DO NOT borrow any money!!

@604h22a 2 жыл бұрын

If only all Americans though like this we would be living in a much better country

@Martin-ph9yi 2 жыл бұрын

well you kind of have to borrow money for a house

@onetruth5073 2 жыл бұрын

@@Martin-ph9yi house is an exemption, considering it holds its value and goes up. On the other hand, financing a car, tv, using credit cards, etc. that’s all stupid.

@ninehundreddollarluxuryyac5958 2 жыл бұрын

This is not the kind of inflation seen in the 70's. Monopolistic corporations are making record breaking profits. They can voluntarily reduce profit margins back to where they used to be, or the people will elect progressives who will tax those profits away from the corporations and give it to the people in the form of financial support one way or another.

@larrys4618 2 жыл бұрын

The people will not elect progressives. the people will elect a fascist dictatorship into power. The oligarchy is engineering this.

@brentyoung4785 2 жыл бұрын

No, the people will not elect progressives. That is exactly what caused the Current economic crisis in the US. It is all laid at the feet of Democratic Progressives.

@larrys4618 2 жыл бұрын

@@brentyoung4785 there is little that's progressive about Democrats. They're center right wing. The US does not have a serious progressive wing.

@thedankest1974 2 жыл бұрын

But they aren’t…

@DONUT579 2 жыл бұрын

The progressives are the ones who caused these massive corporate profits. They pushed the trillions of stimulus packages which turns out are a direct wealth transfer from the working class to corporate elite. Stimulus funded by inflation which is a shadow tax on the poor. Turns out both dems and GOP are not on the side of the working class.. one just pretends they are

@jorgeceles7942 2 жыл бұрын

Keep sending billions to Ukraine!

@stankythecat6735 2 жыл бұрын

You don’t know what you are talking about

@jorgeceles7942 2 жыл бұрын

Meow!

@jasonhoman6525 2 жыл бұрын

Lol

@EuroMaidanWasAnInsurrection 2 жыл бұрын

Tbh a few Billion to Ukraine isnt alot when understanding context of our 20 plus trillion dollar economy. I would still rather see that money being used to improve quality of life for middle class Americans.

@pteranodon6612 2 жыл бұрын

And they didn't raise a tax for the Ukraine aid, right? The U.S. government has a budget deficit, so they must've printed more money to add to our inflation problems.

@brooklynsown8217 2 жыл бұрын

That’s what happens when the Fed keeps printing money out of thin air & we are already in a recession

@esco7607 2 жыл бұрын

AMC 💎🙌🚀🚀

@christianvachon2235 2 жыл бұрын

That is only part of the problem. The inflation in the US was never real. It was exported via the petrodollar system. Now, the petrodollar is cracking and failing and as such, with reduced demand for dollars, the real inflation is returning home, but it's not a natural inflation. The debt is at 30 trillion. Its way more serious than just a recession.

@SW-fy8pq 2 жыл бұрын

@@christianvachon2235 can't wait to see saudi gives up on the petrol-dollar status.

@christianvachon2235 2 жыл бұрын

@@SW-fy8pq It's starting slowly already. The Saudis and Emirates have decided to accept yuan for oil in March. Johnson went to Saudi Arabia and was told this was a firm move. And a few days later, Putin did his big move by getting the EU to pay for gas in rubles. All that is really left is for OPEC+ join together (Iran and Venezuela are just waiting for that), and OPEC+ could end the petrodollar system, and then the dollar and the USA collapse.

@SW-fy8pq 2 жыл бұрын

@@christianvachon2235 USA weaponized dollars. it just can't blame others from quitting the game.

@christianvachon2235 2 жыл бұрын

The problem facing the Fed is way more serious. The petrodollar system is cracking and failing as we speak. It's principal function was to export the inflation on the US debt. All the recent moves away from the dollar happening are causing the inflation rise, and the Fed cannot control that. If the petrodollar fails, the dollars come home with the real inflation on the debt. The Fed will be completely trapped.

@COVIDisA_HOAX 2 жыл бұрын

❤️ Biden

@morrismak 2 жыл бұрын

Have people already forgotten about the oil prices that went negative a few years ago? Or that it went up to $150 in the early 2000?

@avagarcia6961 2 жыл бұрын

When it comes to investment, diversification is key. That is why I have my interests set on key sectors based on performance and projected growth. They range from the EV sector, renewable energy, Tech and Health.

@georgeharold3317 2 жыл бұрын

The market is so volatile now to be depending on bull run to make profit,I advice everyone to trade now with a working program with like that of Kathy Genelle Britton so far she is helping me find investment that has significant growth potential.

@vivianbrown7264 2 жыл бұрын

The best strategy to use in trading stock is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed. Because i have learnt along the way of my investment that research and analysis are important, note that experience is more needed than luck when it comes to the stock market.

@ellajackson34 2 жыл бұрын

I’ll take investments in stock any day they’re very remunerative only problem I’m having is I really don’t know how to go about it,I do get lost and overwhelmed by the markets. Any solid pointers in reaching this trader would be helpful,I’d appreciate if I got a reply

@violetlopez5973 2 жыл бұрын

I hear people ask if this is the right time to invest, yes because the stock market have always and will always be a volatile market, that is why it is important to have proper research, analysis and strategy when investing

@stephenwalters2605 2 жыл бұрын

Interesting I'm also a subscriber of Kathy’s signals and if I were to rate her accuracy, I would say perfect 👌, she has the best trading {ROI}.She is a regulated broker so she is very much accessible to the public, just search her full name online, check out her website for information concerning her services, then mail her for guidance.

@merovingian688 2 жыл бұрын

The Federal Reserve must have projections on this economic downturn after dumping trillions into the money supply

@michaelgentile9580 2 жыл бұрын

Projections? You mean targets.

@michaelgentile9580 2 жыл бұрын

Projections? You mean "goals"?

@zztop8592 2 жыл бұрын

The 1970's inflation was what happens when the government does something stupid like take us off the gold standard. 1971 was when Nixon took us off gold, then the worst inflation came true.

@michaelgentile9580 2 жыл бұрын

WORD!

@ipenguin3918 2 жыл бұрын

In the 1960s Social Welfare Programs were started, and the US was fighting the Vietnam War. We could not adhere to the Gold Standard. The Saudis raised prices because the US$ had been devalued.

@zztop8592 2 жыл бұрын

@@ipenguin3918 That is their story. Cut the welfare programs and put them to work.

@whathell6t 2 жыл бұрын

@@zztop8592 Are you even employed?

@zztop8592 2 жыл бұрын

@@whathell6t Fully employed since 1972, and tired of supporting people who don't want to work and get freebes.

@davidschulman7988 2 жыл бұрын

The question is not will we have stagflation...Its already here: Q1 negative 1.4 growth plus the highest inflation in 40 years would neet the definition. What we should be asking now is how long is it going to last? If we get another quarter of negative GDP we will get a trifecta that will include a recession. We have no one to blame but our government and ourselves for over spending government funds on the pandemic.

@christianvachon2235 2 жыл бұрын

The problem is that the inflation is coming from something no one was paying attention to: the failing petrodollar system. The Fed cannot control that. The factors are external, not internal, but the consequences are there. The petrodollar was designed to export inflation on the debt. As it fails and the dollars return, so does the inflation and it is not a natural inflation. It could get very ugly.

@sten260 2 жыл бұрын

yep its already here, now the question is it "transitory" or not

@WiseOwl_1408 2 жыл бұрын

@@christianvachon2235 low supply of goods from shutdowns. Tons of extra money from handouts and cheap loans. That's inflation right there. Money with nowhere to go.

@christianvachon2235 2 жыл бұрын

@@WiseOwl_1408 I understand. All of those things have not helped. But there is major moves that have been made by Russia and China and others to move away from the petrodollar, and they are serious. 10 of EU's biggest gas companies decided to comply with the rubles for gas demand from Russia, and the Saudis and Emirates have agreed to accept yuan for oil from China and that is a firm move. This spells huge problems. The petrodollar was designed both to keep the dollar as reserve currency after the gold standard ended but also as a means of exporting inflation. Without it, the inflation on the debt returns and new dollars cannot be exported. The Fed has literally absolutely nothing they can do to address that barring extremely high interest rates. Without it, the USD will gradually lose value and inflation will increase massively. That is the real crisis that the Fed is facing. There is tools for internal causes, but not if the petrodollar system fails and gets rejected and that is kind of happening as we speak. The internal problems that you mention just make it that much worst. But, the people are just not aware in general of how the dollar and petrodollar work and as such are not expecting or understanding this. This is what we are facing.

@Parismiami2012 2 жыл бұрын

@@christianvachon2235 I can completely agree - then the real question is …how do we prepare to mitigate the risk to our family and friends?

@tylercarriere3622 2 жыл бұрын

Dude, let the financial system crash... There is more money in finances than there are in the flowing economy. I say gut the cow and then let the economy flourish.

@righteousone1 2 жыл бұрын

The fed lost control of the economy a long time ago. At this point, I'd be happy with a decade long major recession because a depression isn't far-fetched.

@rogerm3708 2 жыл бұрын

Government is biased for inflation because it makes debt smaller in comparison

@esco7607 2 жыл бұрын

AMC 💎🙌🚀🚀

@cryptsolo 2 жыл бұрын

You say that now but when the depression comes 10's of million will die. As we will see a food and energy crisis.

@notastone4832 2 жыл бұрын

@@cryptsolo if it does not happen now.. when it does happen it will be worse.. bandaids are not real fix's

@cryptsolo 2 жыл бұрын

@@notastone4832 im in no rush. I already know how it ends. The fed will continue to inflate then comes food and energy crises then war then ubi via central bank digital currency.

@zztop8592 2 жыл бұрын

More and more millionaires is part of the problem also, bringing up prices and are scooping up real estate for rentals, causing prices to go up. Income taxes need to go up on the rich.

@michaelgentile9580 2 жыл бұрын

Net result= nothing. The rich do not have income to pay income tax on. Who cuts Elon Musk or Jeff Bezos paycheck? Think about the lunacy of that concept. You can raise the income tax on billionaires to 100% and you will net nothing. Their income comes from Capital gains. But here is the real problem... 18% of GDP is the maximum the government can collect without damaging future growth. The problem is not income. It is spending.

@coopshopdesigns4890 2 жыл бұрын

Ice was the first noticeable thing, going from 16lbs to 13 lbs and no longer having 20lb bags

@twingzable 2 жыл бұрын

Wow i did not know this

@donaldsebolt6890 2 жыл бұрын

Actually, if government spending was under control raising rates would not be necessary. If you print trillions of dollars to prop up a government's spending that is out of control results in run away inflation.

@haroldcruz8550 2 жыл бұрын

But how can you send $33 billions a month to Ukraine then.

@donaldsebolt6890 2 жыл бұрын

@@haroldcruz8550 Pretty simple, it's not real money. It is digits on a computer screen they just push send and they receive and you and I are stuck with paying the bill.

@russelldevaney7001 2 жыл бұрын

It's not a question of "will it". It is here.

@lexmoskovski4694 2 жыл бұрын

Thanks~~~~

@dragonore2009 2 жыл бұрын

Well of course the fed should raise interest rates like Paul Volcker did to combat inflation. Will they? Well of course not, they can't. Now raising rates like this, will cause a recession a severe one, and will cause mass unemployment, but it is needed. I too will likely face unemployment if the fed does that, but they won't.

@kayt9576 2 жыл бұрын

When interest rates rise. The low income earners suffer. The rich get richer.

@veganpotterthevegan 2 жыл бұрын

We need to regulate people from buying too many houses above all else. We do have a housing crisis but not a shortage. Too many scoundrels buying house after house and pushing prices out of reach for people that just want a roof over their head. Wealthy people wanting even more money should never come before regular people that just want a place to live

@veganpotterthevegan 2 жыл бұрын

@@kayt9576 They were just very low and it did nothing but make the wealthy wealthier.

@moneyglitchjon 2 жыл бұрын

Today the level of debt won't let them raise rates enough to combat inflation

@adamtedder1012 2 жыл бұрын

@@kayt9576 no low rates make them richer quicker. th rich weather the storm of high rates better. but inflation strangles the poor. pick your poison.

@angelguzman5512 2 жыл бұрын

I remember when cnbc had an article named “why inflation is good and it won’t hurt the economy” CLOWN NEWS BROADCASTING CHANNEL

@mae8646 2 жыл бұрын

Ya they're about as useful as fox news, or any other propaganda. At least they aren't as annoying I guess

@skinnymoonbob 2 жыл бұрын

Less oil, more renewables.

@mama.danni.bell17 Жыл бұрын

The problem is: the general public has no knowledge of how to prevent inflation or stop it. The general public tends to depend on the fed, but the fed profits during inflation. It is a conflict of interest that the fed brings us. We have to get ahead of the fed

@Natalieneptune469 Жыл бұрын

The financial markets seem to be suffering more than the real economy from the prospect of further Fed tightening, I seriously need suggestions on how to diversify my $500k portfolio made up of volatile TSLA

@PhilipMurray251 Жыл бұрын

The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the stocks you focus on.

@marianparker7502 Жыл бұрын

@@PhilipMurray251 very true, about 50% of my portfolio profit was from TSLA, GME and NIO, my financial-advisor was able to get me in early on most of these stocks .I've been able to scale from $350K to $970K

@Natalieneptune469 Жыл бұрын

@@marianparker7502 wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio

@marianparker7502 Жыл бұрын

@@Natalieneptune469 Having a coach is key to portfolio diversification, My advisor is "Nicole Ann Sabin" You can easily look her up, she has years of financial market experience.

@Natalieneptune469 Жыл бұрын

@@marianparker7502 I just looked up Ms Nicole online and researched her accreditation. She seem very proficient, I wrote her and scheduled a call.

@unknownq0175 2 жыл бұрын

History always repeat itself

@the_rubbish_bin 2 жыл бұрын

It's like every time I look food and commodity prices are higher and higher.

@Z2357111319 2 жыл бұрын

People have no idea what is coming....

@overengineer7691 2 жыл бұрын

I don't think the fed stands a chance at getting rates to a Volker level, or reducing their balance sheet to zero, as it would trigger the US treasury to default.

@MrSupernova111 2 жыл бұрын

I don't know about default but I agree with the rest.

@haroldcruz8550 2 жыл бұрын

They don't even have the balls to tell what is the real Inflation rate, you expect them to have the balls to fix it?

@dallasryder8125 2 жыл бұрын

No. You’ll own nothing, but loss time, aging, indebtedness, suicide or death via health care avoidance.

@asishreddy7729 2 жыл бұрын

Middle class America in a nutshell. Worst country socially.

@peiershen8221 2 жыл бұрын

Stagflation is already here. Growth is very slow right now, but prices are skyrocketing that are not in proportion to U.S GDP growth, normally the fed will raise interest rate, by alllot to control the prices and curb demand. But J'powell have his own portfolio to worry about, so we are in a slagflationary period. If you ignore this, you are fooling yourself and crippling yourself from making sound financial decision.

@twerkingfish4029 2 жыл бұрын

Personally I can’t believe that we aren’t diving headfirst into a recession by jacking up interest rates, because at this point it seems like doing so is the only way to get out of this.

@alantorres2256 2 жыл бұрын

That’s not the plan tho

@twerkingfish4029 2 жыл бұрын

@@alantorres2256 “the plan”?

@alantorres2256 2 жыл бұрын

@@twerkingfish4029 yes

@alantorres2256 2 жыл бұрын

The us government agenda

@miguelsaucedo8789 2 жыл бұрын

We need federal interest rates to increase to over 30% to bring down a 200% inflation of meat, 300% inflation in fruits, and 300% inflation in housing.

@RICKEYDD 2 жыл бұрын

we never recovered from 2008

@karlgutenburg9176 2 жыл бұрын

@@RICKEYDD absolutely , we been limping along. We need a hard reset.

@debbieframpton3857 2 жыл бұрын

I don't know about your 200% for meat and 300% for fruit I think your way inflated. Since I bought my home 19 years ago I don't pay much attention to home prices except for in my neighborhood and these houses haven't raised much in cost but I live in small town Central Illinois

@miguelsaucedo8789 2 жыл бұрын

@@debbieframpton3857 bananas used to be less than 30 cents, 20 cents on sale. Now they're over 50 cents. In recent days they've been over 60 cents. Chicken breast was available at less than 2 dollars, sometimes 1.50. Chicken breast was even 1 dollar per pound right before the pandemic. Now it's over 5 Dollars. There's beef cuts that have gone from 3 dollars to 9 dollars. I also check the market for central Illinois and saw numerous properties that have gone through hyperinflation. They have not gone up in value the 2 percent inflation rate that the government taunts with, but much more

@karlgutenburg9176 2 жыл бұрын

@@debbieframpton3857 i bought my home in suburban Illinois 1 hour from chicago in 2016, it has now gained 90-100% in value in 6 years. a brisket at costco for me is 8.49/lb. chicken unless i shop around is around 3/lb. I dont know Debbie, but I honestly feel it. Gas is 2x the price, foods are 2x or more the price. Cars are being sold at huge markup at dealers. Everything is sorta bs in my opinion. I find it a bit disturbing is all.

@TheJcrist 2 жыл бұрын

Will stagflation return to the US - is not a question. The question is - how soon.

@artyumdragstov8823 2 жыл бұрын

It’s here

@michaewelina7983 2 жыл бұрын

It made me laugh hard, great comedy. Meanwhile put your mask on and stay in home, be a hero.. 🤣🤣🤣

@eddiem461 2 жыл бұрын

This been written on the wall for a while. There is a charge waiting for some politicians changes before the inevitable is acceptable.

@alooga555 2 жыл бұрын

Gasoline prices have been creeping up since January of 2021. I wonder what happened in that month,

@FoxfireArmory 2 жыл бұрын

It's Already Here! We ARE 100% Already in a Recession.

@karanveersingh6367 2 жыл бұрын

That's beginning of downfall of American empire.

@danielbuergo 2 жыл бұрын

All this inflation talk and nothing about what industry charges and price gouging

@james9297 2 жыл бұрын

MMT economists where y'all at ?

@kayt9576 2 жыл бұрын

Seniors & disabled are in deep poverty. We cant buy food, America is DISGRACEFUL, we are dying with no help.

@felipec3476 2 жыл бұрын

Russia's war in Ukraine did not cause gas prices to go up. Gas prices were already up

@NateClay Жыл бұрын

This is just ridiculous, have the politicians pause for however long it takes to get MATHEMATICIANS AND ECONOMISTS to fix this issue. It's just math.

@brianlee2646 2 жыл бұрын

The gasoline price hike of the 70’s put an end to the muscle car era. Maybe this time around people will think about downsizing their vehicles for more efficient ones

@jeffw1267 2 жыл бұрын

Would you like for diesel truckers to downsize their vehicles, too?

@COVIDisA_HOAX 2 жыл бұрын

Just walk ❤️ Biden

@brianlee2646 2 жыл бұрын

@@jeffw1267 that’s ridiculous. That’s a necessity, but people driving Yukon’s, Escalades and various other large vehicles for no reason but status should think about downsizing.

@mistercut8331 2 жыл бұрын

" the Federal Reserve has credibility today " - WTF i nearly fell of my chair laughing

@essm4179 2 жыл бұрын

Did he say that "Fed has credibility"? Hahahaha

@Seanpfree 2 жыл бұрын

All the money is at the top. The middle and lower class have been in a recession for a year. As always, the overall economy not going into recession depends solely on the rich continuing to spend money.. this economy isn't for the rest of us for the foreseeable future. I haven't purchased any non-essentials in over a year. My savings was supposed to go towards my first home in Middle Tennessee, but I was priced out 2 years ago as soon as I started looking. You'd think that 110k HHI, 25k down, no debt, no "toys", and great credit would mean I could participate in this economy, but that's not the case.

@Big_Tex 2 жыл бұрын

I love the silly WIN buttons and slogan. I think the govt should fight inflation by send every household a set of WIN buttons along with the next stimulus check 🤣

@shuzhenyan4458 2 жыл бұрын

Another stimulus check would only make things worse, and the poor becomes even poorer…

@davidkresl2195 2 жыл бұрын

@@shuzhenyan4458 only illegal immigrants get to fly for free and free Walmart cards. Give it back to me, f them. I need another AR!

@xNialx 2 жыл бұрын

Well i can tell you that since the diesel went up in price, freight started paying less. The excuse for rising costs at the grocery store? Higher freight costs... where is that money going? Definitely not the truckers.

@amandavanbiljon6150 2 жыл бұрын

Actually against inflation...in South Africa we have the same problems very high interest rates...the salaries don't keep up with food and house price increases..shocking. one has to have other means of income like crypto

@joerahme3437 2 жыл бұрын

Lol how’s crypto working for u right now?

@juliesimoneau6996 2 жыл бұрын

Each raise of 1% interest mean 300 billion add at 29000 billion debt. Stabilization of inflation need is 6% interest. That's mean 1800 billion add at debt.

@gregorychalmers2466 2 жыл бұрын

The fed has credibility. Wow. That’s a doozy

@1MinuteFlipDoc 2 жыл бұрын

i heard that and fell off my chair. that hasn't been true in 50 years. hahaaha

@anshul098765 2 жыл бұрын

My understanding is that increasing interest rates will make it more expensive to borrow and also reduce money supply in the market, but on closer scrutiny, this inflation is entirely caused by high Oil prices and global supply chain disruptions. So how this rate increase will bring down inflation in short and medium term is not very clear. It will slow down the GDP growth and business activity is certain. Perfect recipe for stagflation it seems.

@michaelgentile9580 2 жыл бұрын

You're on of those believers in the fantasy of push=pull inflation with its myriad of peculiar causes distributed about the economy with no discernable cause. It's not inflation caused by high oil prices. That's as much nonsense as pretending that prices increase by 2-5% every year by magic. Furthermore, what are these supply chain disruptions specifically? Again, fairy tales caused by a lack of flying carpets.

@lighttheoryllc4337 2 жыл бұрын

Inflation is cause by a lot more than just oil prices, etc.

@sx3todd 2 жыл бұрын

one of the reasons is fed is destroying stock portfolios on purpose so people feel poor and will spend less. “wealth effect”

@michaelgentile9580 2 жыл бұрын

@@lighttheoryllc4337 Inflation has one cause and one cause only. The debasing of the currency. Not all price changes are inflation. Those are fluctuations in supply and demand, but when all or nearly all prices gravitate upward over a shirt time frame that is inflation. That is the debasing of the currency. That is robbery of The People by a Central Bank.

@northerniltree 2 жыл бұрын

I am trying to buy a 2x4 at Home depot. With today's prices, I will need a home equity line of credit to do so. Now, with rates rising, the 8 foot 2x4 I needed has been replaced with only a 6 footer. I understand we all have to make due, but this is starting to get ridiculous.

@tonylinardi3089 2 жыл бұрын

They can not control inflation now by raising rates. We have a supply/demand issue, raising rates will not increase supply. The poor, seniors and middle class will pay the price.

@marcusoutdoors4999 2 жыл бұрын

Sadly food supplies are set to be hit hard by the combination of the Ukraine war and the massive increase in price and shortage of fertiliser. So perhaps supply side action is needed. From food to building materials there are shortages thus driving up costs, frankly interest rates simply won’t work. As for unions, they won’t work due to automation.

@Falconlibrary 2 жыл бұрын

The US Department of Agriculture is paying American farmers NOT to grow food right now.

@fuckinghardhatready 2 жыл бұрын

Rich are getting richer :D

@brokengoose 2 жыл бұрын

Food SUPPLY is fine. Silos around the world are full. The problem is with DISTRIBUTION.

@maxheadrom3088 2 жыл бұрын

What caused stagflation during the 1970s was full employment in the developed countries. Full employment meant workers had a huge power to get wages up and that lead companies to reduce profits to such a low level that the only way to increase wages was to increase prices - and that caused stagflation. The stagflation of the 1970s was strong because of the oil crisis and the gold standard crisis that caused supply side inflation (oil prices went up and interest rates also went up). What really broke stagflation was globalization - the moving of jobs from the developed countries to the underdeveloped ones. If Volcker exceeded in the interest rates others also did a similar thing with globalization. I'm from Brazil and we had from 1985 to 1994 an accumulated inflation of over 85,000,000,000%. In our case we developed a inertial inflation because of mechanisms to keep the real value of wages updated - the past month's inflation would adjust the wages and other costs in the current month. The problem is the mechanism causes seasonal inflation (food prices, for instance) to stick to the rate and the rate never got smaller. The 1993 yearly inflation was 1,700%. In 1994, President Itamar Franco nominated the Sociologist Fernando Henrique Cardoso to the Ministry of Economy (Secretary of Treasury in the US) and Cardoso set a group of economists linked to the Social Democratic Party (PSDB) to work out a solution proposed by economist Edmar Bacha (his ideas had been applied in Israel during the 1980s successfuly) for the Brazilian case. People like Persio Arida, André Lara Resende, Francisco Lopes, Gustavo Franco, Pedro Malan, Edmar Bacha, Winston Fritsch and Armínio Fraga were the ones who carried it out. Fernando Henrique Cardoso would later be president for 2 terms and in the end of his second term made a decision that saved the country but buried any possibility of his party, PSDB, returning to the presidency for the next decades - a real statesman's decision. Economics is really complicated and pundits will often simplify it by choosing the explanation that fits their goals. IMHO, this inflation is the result of released repressed demand after the pandemic + supply side prices increase because production decreased during the pandemic and production can't reach pre-pandemic levels in the blink of an eye. To complicate things even more we have the war in Ukraine - an event that also has complex historic roots that people will simplify to fit their goals, btw. People think global plate spinning is feseable until the plates start to fall ... then you get Trump, Brexit, ultra-nationalism, war in Ukraine and hunger in poor countries. World powers should act in a more adult and responsible manner.

@dksharron 2 жыл бұрын

One of the mot well thought-out, and well-presented comments I have ever read on youtube.

@nomadundercover3018 2 жыл бұрын

Yes, a very well thought out and eloquent comment! Regarding war in Ukraine, it's not as complex as imperialist pro-Kremlin propaganda would have us believe. Russia has always sought to dominate Ukraine, for geographical, political and economic reasons. Ukraine, like all of Russia's neighbours (including those peoples which Russia dominates today and refuses Statehood, such as Chechnya, Karelia and about 30 others within the Russian Federation) would just like Russia to leave it alone so it can develop on a path of prosperity and national self-determination.

@masterdanfx7897 2 жыл бұрын

Hello sir you really detail history here I would like to learn more from you if you wouldn’t mind

@MrSupernova111 2 жыл бұрын

Complete and utter nonsense. Go take some history and economic courses.

@fujitsufujitsu1670 2 жыл бұрын

@@nomadundercover3018 I think most of Asia views the US in the same light as well.

@kylewicklund9313 2 жыл бұрын

Fed can’t even raise interest rates through an OMP because of the ample reserves position that we are in. So by increasing the IOER to reach the new fed target rate just going to cause a massive contraction in the money supply and ultimately lead to a recession.