The US can 'grow out of this mess': Economist
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- Опубліковано 14 жов 2024
- Former Council of Economic Advisers chair Kevin Hassett reacts to former President Trump pledging to end the inflation crisis during the Republican National Convention on 'Kudlow.'
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It's quite concerning to see the various challenges our economy is facing right now, from uncertainties to housing issues, bad weather conditions, foreclosures, global fluctuations, and the aftermath of the pandemic, all contributing to instability. The rising inflation, slow growth, and trade disruptions definitely require immediate attention from all sectors to bring back stability and promote growth. How do you think these issues can be effectively addressed?
It's a bit unsettling to see the US dollar losing value due to inflation while other currencies are gaining momentum, creating a sense of uncertainty. Despite this, there's still a level of trust in the perceived safety of the dollar. I understand your concern about your $420,000 retirement savings potentially losing value. Exploring alternative options for securing your money sounds like a wise move. Have you considered any specific alternatives or strategies to safeguard your retirement savings?
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
This is definitely considerable! Do you think you could suggest any professionals or advisors I can get on the phone with? I'm in dire need of proper portfolio allocation.
Just research the name Desiree Ruth Hoffman. You’d find necessary details to work with a correspondence to set up an appointment.
I'm grateful for your help. After looking up her name online and checking out her credentials, I must say, I'm really impressed. I reached out to her because I could really use all the help I can get. We've set up a call for further discussion.
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
Your adviser must be really good, I hope it's okay to inquire if you're still collaborating with the same adviser and how I can get in touch with them?
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
But you support a criminal traitor rapist a con artist twice lmpeached 4time indicted convicted fraudster a habitual liar with 88criminal charges a insurrectionist a communist putin supporter unbelievable
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich
Chose quality stocks and follow them up. If you're not one for such complexities, hire a wealth manager to grow your money. I use the latter
You're right, I and a few Neighbors in Bel Air Area work with an advisor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew 40% in the last quarter.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation??
I've stuck with ‘’lucia Alicia Cruz” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info
*Your explanations are clear and straight forward It's always a honor to have you here as a mentor, I appreciate you for the time being spent to educate us financially. Regardless of how bad it gets the economy, I still makeover $28K every single week. I truly value Laura, and her helpful guides*
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional.
I know Laura, she has really set the standard for others to follow, we love her here in the UK as she has been really helpful and changed lots of lives.
You're right! The very first time I tried, I invested $2000 and after a week, I received $8,400. That really helped us a lot to pay up our bills.
SHE IS ON TELEGRAMs
@LauraGil52
That's it >>>>>>
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
How can I reach this person?
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
I checked Aileen up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response.
Sadly, it won't help those of us who worked our whole lives and saw our retirements dwindle to penury. Thank you Democrats and Biden.
BIDEN DEMOCRAT FY2025 spending results in $12.2 TRILLION in interrst payments, $2.5 TRILLION more than the entire defense budget ^^ SOURCF, HOUSE BUDGET COMMITTEE
And people need to remember this is the democrats doing even since oblunder 2008-2016 they have been on the Ef America Tour
How are you blaming Democrats when the Presidency is cyclical? Since when have all our Presidents been Democrats? Dems or Rep aren't in charge of your pension/retirement. If we just use recent data. The stock market was up under Trump. Guess what, it's been up under Biden. I know populism is taking over. But no President cares about the working glass. It's been like this since the 1800's.
I hate this administration but the stock market is…..hitting record highs. So idk what your portfolio is doing…
@@drewlittell This isn't sports. There is no reason to be emotional over whoever sits in the oval office. I'm glad you pointed out the fact the market is doing well. It did well under Trump and its doing well under Biden. Populism influences the masses. Politicians know this. Which is why ever 4 years a politician will say what we want to here. Sadly it works every time.
But the Dems never talk of reducing their spending. Idiocy.
Trump is right on about what he is saying,
What you support a criminal traitor rapist a con artist twice lmpeached 4time indicted convicted fraudster a habitual liar with 88criminal charges a insurrectionist a communist putin supporter trump lies he gave his cronies millions of tax payers dollars in tax breaks on the backs of the poor
The question is if Trump creates more revenue than we need well the Congress Spand it on unnecessary items
Most people are taught that "you only need a good job to become rich". These billionaires are operating on a whole other playbook that many don't even know exists
The secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate or crypto and stocks.
Waking up every month with $62,000 dollars it's a blessing to I and my family... Big gratitude to KEN Griffin
Good day all from Australia. I have read a lot of posts that people are very happy with the financial guidance he is giving them! What way can I get to him easily?
@StephenMally-z4wThanks I appreciate ✴️
$21,000 USD every week! and I am still counting, I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Ken Griffin
We’d have to grow up first. A nation of adolescents.
You can't grow your way out of a Ponzi! Interesting times 😢
Yes, America can reverse the mess and delete the last 4 yrs and start again and get back in track ❤ Trump 2024 🎉
The US cannot grow, tax, borrow or print its way out of this mess.
CBO reports Trump tax cuts were a boom for all American families ^^ SOURCE, WAYS $
MEANS COMMITTEE
😢negative
Comments full of scammers
Agreed 💯💯💯
...the revenue from ANWR could pay off the national debt...
Explain to me how you can grow out of 36 trillion dollars debt. ??? By any imagination we won't pay off the debt.
In the real world we are bankrupt. The entire country is not worth 36 trillion..
Blanket tax cuts aren’t as effective as targeted. The richest are already flush with cash and don’t invest it (not enough good companies to invest in).
The biggest job creators are small businesses, you need to target that imo
Also return the child tax credits to incentivize family formation
Inflation is not the economy.
All the data points to a booming economy.
People have jobs and wage increases. Robust consumer spending and record travel and vacations back it up.
Faux can cherry pick people who struggle in any economy in any period to fit their narrative.
There will always be some people who don't participate in a roaring economy.
No but affects the economy. Hasn't your grocery bill doubled in the last 3 years?
No, wrong.
Fox Business, Gentlemen - YES! It IS possible to grow out of inflation!
Am here in Nigeria with 24-34% inflation this yr alone! This was the strategy I applied iny biz!
Sure you need to apply exps tracking & reduction almost everywhere BUT this is very possible 'cause it worked for me in a worse economy & higher inflation no.
How they "make that claim" of Trump inflation? They're praying, to whatever God they pray to!
Biden plagiarizing Nixon? Say it ain't so Joe!
Stick with 'I am not a crook.'
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JD for VP is a good pick NOT a great pick because JD's economic strategies do NOT match those of TRUMP! DeSANTIS would have been a GREAT pick for VP.
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NO REPLIES TODAY.
TRY BACK TOMORROW.
Oh, people from The View. Explains a lot.
😂😂😂 Q-Anon alert!!!
2018: $25 rent increase
2019: $25 rent increase
2020: $25. Rent increase
2021: $25 rent increase
2022: $25 rent increase
2023: $50 rent increase
You mean those losers can't do this anymore?
Thank God!
no facts or hard data again ?? how very CRT
Kid rock, why is this a gigantic scene? BECAUSE the claim the reporter. Too much😊
Yes the debt owed to me is 3 billion the US can do the right thing and pay me for a faild presidential diplomatic experiment and false accusations
TAX CUTS don't pay for inflation prices
ya DONT have any facts .... again
@@jryecart8017 tax CUTS don't get recognized by IRS, FACT
@@CraigCharley HAHAHAHAAHAHAHAAHAHAHAHAHAAHAHAHAHAAHAHAHAHAAHA
another CRT NO FACT lie??
Democrats have argued that one of the best ways to pay for the legislation is to raise taxes on wealthy households, which, according to many on the left, have benefited disproportionately and unfairly from the 2017 tax reform law passed by Republicans and signed by former President Trump. The latest data, however, proves that this claim is pure mythology.
Income data published by the IRS clearly show that on average all income brackets benefited substantially from the Republicans' tax reform law, with the biggest beneficiaries being working and middle-income filers, not the top 1 percent, as so many Democrats have argued.
A careful analysis of the IRS tax data, one that includes the effects of tax credits and other reforms to the tax code, shows that filers with an adjusted gross income (AGI) of $15,000 to $50,000 enjoyed an average tax cut of 16 percent to 26 percent in 2018, the first year Republicans' Tax Cuts and Jobs Act went into effect and the most recent year for which data is available.
Filers who earned $50,000 to $100,000 received a tax break of about 15 percent to 17 percent, and those earning $100,000 to $500,000 in adjusted gross income saw their personal income taxes cut by around 11 percent to 13 percent.
By comparison, no income group with an AGI of at least $500,000 received an average tax cut exceeding 9 percent, and the average tax cut for brackets starting at $1 million was less than 6 percent. (For more detailed data, see my table published here.)
That means most middle-income and working-class earners enjoyed a tax cut that was at least double the size of tax cuts received by households earning $1 million or more.
What's more, IRS data shows earners in higher income brackets contributed a bigger slice of the total income tax revenue pie following the passage of the tax reform law than they had in the previous year.
In fact, every income bracket with filers earning $200,000 or more increased its tax burden in 2018 compared to 2017, and every income bracket with a top limit lower than $200,000 paid a smaller proportion of the total personal tax revenue collected.
That means that Republicans' tax reform law resulted in the tax code becoming slightly more progressive - the exact opposite of what Democrats have claimed over the past four years.
@@CraigCharley HAHAHAHAAHAHAHAHAAHAHAHA
Allowing the Trump tax cuts to expires will mean higher taxes on working families and businesses, including…
A family of four earning $75,000 will owe an additional $1,500 in taxes.
A family of five with two earners making around $100,000 will owe an additional nearly $7,500 in taxes.
The Child Tax Credit will be slashed in half from $2,000 down to $1,000.
The guaranteed deduction that 90 percent of taxpayers use to simplify their tax filing will be slashed in half.
The 20 percent deduction that helps small businesses compete with larger corporations goes away leaving small businesses facing a 43.4 percent tax rate.
There have been no changes to CBO’s methodology to address other miscalculations…
For fiscal year 2023, CBO under projected the budget deficit by $1 trillion.
The green tax provisions in the Inflation Reduction Act (IRA) were originally estimated to cost $400 billion through FY 2031. This has since been revised up by two-thirds, to about $660 billion through FY 2031 or $790 billion through FY 2033.
Red tie not the real trump
When does Trump's TAX CUTS pay inflation prices? They don't because you have to much money
CRT NO FACTS again ?? ZZZZZZZZZZZ
the Biden Administration has increased the federal deficit by $11.6 trillion dollars throughout the last three years and six months, including:
$4.8 trillion in enacted legislation;
$4.8 trillion in higher interest costs; and,
$2 trillion by executive actions
Right now, somebody is lying.
I do not know who, but somebody is.🎉
trump should take time to fix his marriage...
John.
I set this all up so social media wouldn't be used against him.
Zuckerberg is helping 😂
John.
Its over.
FIX YOUR LIFE KID.
😢 sað comment
all talk, but no action..