Americans Still Dealing with High Prices - DiMartino Booth breaks it down with Neil Cavuto of FBN
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- Опубліковано 12 чер 2024
- Americans Still Dealing with High Prices - DiMartino Booth breaks it down with Neil Cavuto of #foxbusinessnews
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Have we not figured out by now that the "average American" is not the concern of the elite?
Dont give us that BS. 50% of the american people are getting money from the govt (ie the rich).
Did you see the new 10 year lease in Ucraine? The old land lease has expired
Fox News should interview me!! Unemployed now 6 months. I have gone thru 3 jobs on 18 months and not receiving unemployment or food stamps. Biden completely ruined the economy . I need a job . I am single . I am educated . Please report the news more appropriately and it’s a depression going on
@@variousstuff6469 bullie hiding
@@variousstuff6469 13 likes on my comment
Biden has ruined Europe, Middle East, leaving from Afghanistan ... Biden is a disaster; hope people vote with their pocketbook keeping in mind that Biden will continue his warmongering ways that drive up prices and keeps adding to the debt $1 Trillion every 100 days with his actions.
@@magicparkmemories I recommend learning from Jennafer Beaver Turner, a fin specialist. Look her up on Google for valuable insights.
The US government is currently funding two wars of choice. So from the gov't perspective, unemployed workers can go to hell after they exhausted their 6 months of unemployment insurance and are unable to find jobs as the Fed continue to throw people out of work to bring down inflation.
Rates should never be below 5% - ever. The vast majority of the time rates should be closer to 10%.
That 5% number was the breaking point of the interest expense of corporations to be paid after 15 years of zero percent. They funding all their operations with short term debt financing so that is why they cannot go above 5%. But, even holding it where it is now for a long period of time will eventually crush businesses as we see happening right now.
Why is the conversation always about cutting social security and NEVER about cutting the money given to other countries?? Also no conversations about cutting pork barrel spending and by all means let's give more assistance to illegal immigrants.
Just cut the fraud out of social security and medical. If people only knew how many migrants are getting social security and medical benefits.
And never cutting federal jobs or maybe closing some of the hundreds of military bases worldwide...
@@tsnamm the list is long. Good points. I’d love to see federal workers in the unemployment line for a change.
100%…no more money for foreign countries, Mexico, Canada…nobody!
If anything social security needs a 50% raise. What I will never understand is giving money to able body workers. When you are old most are exhausted and can’t physically do it. They need the assistance. Not able body workers.
Raise rates to 7% please.
😭
Exactly! Great if you have cash!
I agree because that would clear out almost all of the zombie corporations that are somehow managing to hang on at 5% and further reward those who were prudent via saving and avoiding unnecessary excess debt.
Why is Neil so worried about “high” interest rates? We need high interest rates to slow down inflation, and to decrease asset prices (homes and therefore rent.)
Because most of the economy now runs on debt, not printed money, with high interest rates that debt grows too fast and gets called in, which most of these institutions can not pay.
The commercial real estate is a good example, they are trying to keep it from collapsing until rates go down because there is still a ton of debt owed on those buildings.
Inflation is now the ultra rich get richer. It’s also how the middle class disappears, which is just an added bonus for Neil.
Their debt overloaded business model clearly is at the mercy of Black Rock and it's ideology that caused high staff turnover and endless retraining. Just ask this question so you're sure you want to be there or keep looking
@@requited2568 No worries, they’ll use those buildings to house the migrants.
@@requited2568 False the economy runs on consumer debt and with less consumers the economy is bound to contract. inflation will kill the consumer base and destroy the economy. The government debt is only a concern now because of the threat of losing the petrodollar.
Tax cuts don't increase the deficit. Spending more money than your total revenue causes deficits.
Ding ding ding
Regardless of the economy, Danielle remains so lovely...
concurred!
“We don’t have serious politics right now,” said Paul Ryan. Wow… you know it’s bad.
Powell: "I don't really know why average Americans don't think the economy is doing well...not sure of the disconnect"
Because Powell doesn't actually talk to average Americans! I talk to them each and every day and they are suffering from high (and higher prices). The economy (consumer spending) will slow just as credit runs out, due to increasing delinquencies!
Jerome as clueless as Marie Antoinette
Why would he tell the truth? The Fed's cartel behavior is the antithesis to free markets
The rate is irrelevant if the Fed insiders aren’t continually moving the goalposts changing the value of everything on a whim.
Why aren’t they charged with grand theft?
Bingo. It's optics. The Fed is a psychological organization... not an economic one. They are the true masters of the party tricks. 100+ years and likely another hundred more
FED has that Big Green Buy Button.
Thank you again Danielle! I always look forward to your no nonsense take of the word salad Mr. P uses to "guide" the markets.
Let Freedom Ring!
It is wrong to assume that with lower tax rates, government collects less money. In the past most often the opposite happened.
"Less money than they would have collected" is what people mean by "less money."
@@PCGamer77 ????
He’s right, people tend to spend more money when they have more money, due to taxing less.
And spending more money = more taxes
@@DePalma. Yep this economy runs off of the consumer base and its dwindling with high inflation and less jobs/spending/credit.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless." - Thomas Jefferson
Thank you, keep working.
Nobody talks about how much stress pet owners are under. I lost 3 furry companions this year because I couldn't afford the level of medical treatment that I had in the past. Just a basic visit is $300. I had emergency situations that was $3000 each!
It's devastating for those of us who usually take every ave to give our furry companions the best life possible. It also stops people like myself from adopting new babies due to knowing they wont be able to afford to care for them properly, which leads to an overflow of great pets stuck in shelters. 💔
This is an excellent point my veterinarian is absolutely killing me with fees for my two dogs. One of my dogs has food allergies and is prone to ear infections . His prescription dog food is 200 dollars a month . Every vet visit is at least 300 dollars . Pet insurance is complete ripoff. You pay 200 dollars a month in pet insurance and they barely cover anything. It’s becoming a real drain on my budget.
The fact that they are even considering cuts when we aren't even close to fixing this tells me the Fed is simply falling to political pressure.
It's Called the American Dream Because You Have To Be Asleep to Believe It" - George Carlin.
Infobabe!😊
Why was it ok to go to 8 percent in a year but we can't get to 2 percent for 5 or more years ?
Rates 5% or over should be the norm. Keeps zombie companies from existing and keeps a stronger housing market.
Paul Ryan, disappointing joke.
the only way prices come down is when people don't have money so who do we sacrifice ?? not the rich only the middle class
Love ya, DDB!!
If Paul says you can take a strong stand on the budget/deficits and little or no consequences why is he no long Speaker of the House? What happened?
Trump happened.
He is a rhino.
I thought we were done with that RINO, Paul Ryan.
On the Street TGF restaurant chain being sold and a huge Brazilian restaurant operation basically shutting down after owning thousands of restaurants in Brazil.
job insecurity, cc debt, trying to keep food on table for families, difficult to tell kids why no more after school programs… yet working 60 hours a week…
To bad monetary and fiscal policy isn’t working together to the common good.
It's more about rent prices than anything else.
It’s the spending that got the debt where it is. The revenue was fine.
The car market has already crashed. No new car buying. Most can't afford $50k for a car or truck.
Try $80,000 F150 piece of garbage
@@tomrizzo1554 It's amazing, isn't it? I can't believe they've sold as many as they have.
Exactly everyone I know is paying their cars off and keeping them as am I
I can’t get over why anyone would even pay over $30k for a vehicle. There’s plenty under $30,000.
?? They couldn’t afford it before all this. Total idiotic to buy even a 70k truck. It is an addiction of Americans to keep up with others who are stupid and succumbing to slick marketing.
Hello Danielle, what is your opinion on the $44 trillion of bonds maturing over the coming years and will this inevitably add to borrowing costs....interest expenses where we get nothing in return. Respect
Paul Ryan is a dork head!!
Very pretty Lady, very smart too
Careful. She'll lead you to the perma bear slaughterhouse like all the others. You simply like the idea of her... not what she is providing you in value.
My first house was 5.8% when I read the bill it was sad. Mortgage never went down. 5.5% should be reasonable at some point. Maybe not now but next year.
I think people are only buying what they need now
When you produce nothing and import everything this is what yo expect. Debt shouldn't be considered an viable export.
When have prices slowed or even gone down? Oh it hasn’t. Of course we are dealing with high prices.
BUSINESS destroyed those jobs...corps and the rich have had tax break after tax break---now, make them pay the BILL...
Move the decimal place 1 over to the right and it would be accurate data.
On August 27, 2020 Jerome Powell said publicly that the goal was 2% AVERAGE inflation. That means we will have to have inflation well below 2% in order to average out at that goal of 2% in view of the high rates of inflation we have suffered under.
Under the Taylor rule, and using legitimate inflation figures, interest rates will need to be much higher than they are today in order to stanch inflation. I don't think they'll do it, so look forward to more inflation.
I'm sure the Fed will count all of the low inflation years before the pandemic towards the average. Also, they'll give themselves several decades to get that average down to target.
You assume Powell is honest.
They'll just move the goal posts like they always do. Their "mandates" change with time as central bankers concoct more imaginary trash to deceive the public. Go ask a middle class Joe how a bank works. Nobody has a clue of where the fuck "money even comes from". That's how deep this is. It's like a movie, tbh.
Go away Paul Ryan. Ewwww
So if we reduce interest rates, what happens to inflation? The reality is, inflation is higher than what is reported, and until the stock market crashes, inflation will stay sticky. If we reduce interest rates, there goes hyper inflation. I’ll take pain today over extreme pain later. Keep rates higher. Debt is a choice, if you chose debt you are living above your means. You only create a lifestyle once you have money, people are psychologically addicted to spending. The more we give to spend the more they will
Thank you.
Canada is in the same boat and ours probably has more holes in it.
Gen Z also make a lot more money in salary comparatively to prev generation to be honest. Yes but homeprices are killing everyone, interest at least can come down quickly, homeprices need to come down by 25-30% all over US in general, then food and travel prices.
But putting it on credit $1.3 trillion I think
Shes so damn beautiful ❤
No wonder more people we know turn Vegetarians, Carless, Childless, cancel streaming services, staycations and home cooking.... people today return to lifestyles almost a century ago .... good for climate change.
They had 10+ kids a 100 years ago….
No one blames tariff hikes on Chinese products??? That's weird !
Neil the shill
Bank created Crisis. Inflation is a monetary (wholly) issue.
When Danielle gets away from her specialty and talks about government policies and politics, the wheels come off.
Bipartisan?!? Hilarious.
Vegans are happy
So the current and future rate of inflation has slowed a bit. Whoopy doo.
Desabilita natacha libing
Rhino
I had to put up with Neil's stupid voice just to see my dream girl
America 🇺🇸 loves 🥰 Hyper Inflation 💸 and will continue to print money 💵 and lower interest rates until the US 🇺🇸 Dollar 💵 collapses ! The American 🇺🇸 Government loves 🥰 Hyper Inflation 💸 so much they want the prices of everything to rise until the US 🇺🇸 Dollar 💵 is worth nothing ! Print ! Print ! Print ! Ha ! Ha ! Ha ! Hilarious 🤣
You: complain about inflation.
Also you: begs for currency devaluation AKA low interest rates.
She is the same old swamp creature. You don't work for The Fed at those level positions without knowing about the wizard of Oz rigged market they are pulling off. Anyone that works or is associated with the cartel is untrustworthy.
I got a idea stop the clock ' tell the Democrats their okay because you stopped the clock ○ !!!
Cavuto… sick of him
He should be on cnn
Reponsable camara cuenta
This guy biggest lawyer all number is manuplatid and wrong nobody no country belive it 😂
just got back from the grocery story. Hamburger was $26 a pound. I'm sure things will be fine! Before Obama it was .89 per pound
Average price per lb is around $6. Not sure where you're shopping. Pre Obama was 16 years ago!
Paul Ryan sucks!
Buy made in Taiwan
Why can't economists just admit that they can't predict current economic conditions? Rate Cut discussions what a joke you're wasting my time! Who Cares?
An American decided to write a book about famous churches around the world.
On his first day, he was inside a church taking photographs when he noticed a golden telephone mounted on the wall with a sign that read.
'$10,000 per call'.
He then travelled all across America, then onto Europe, England, Japan, and New Zealand.
In every church he saw an identical golden telephone with the same.
'$10,000 per call'
sign under it.
The American decided to travel to China, to see if China had the same phone. There was the golden telephone, but this time the sign under it read.
'40 Cents per call.'
The American was surprised so he asked the priest about the sign.
"Father, I've travelled all over the world and I've seen this same golden telephone in many churches. I'm told that it is a direct line to Heaven, but in all of them the price was $10,000 per call".
"Why is it so cheap here?"
The priest smiled and answered.
"You're in China now son......."
"THIS IS HEAVEN,"
"so it's a local call’.
At the core of the issue is that Americans do not prepare financially for these economic swings that have been part of this nation since its beginning. 1929 Great Depression. 1970s Stagflation. 2000 Dot Com Bubble. 2008 Financial Crisis. And today the Pandemic crash. Americans cant manage money and when the going gets difficult they start screaming to politicians for help. Socialism? Would you like another Stimulus Welfare Check?
You don’t see what is really going on. A blue collar worker in the 1970s bought a home and often a rental and still afforded a stay at home wife and 3 children. We exported the jobs of the masses and made China and other countries wealthy. The bottom 80 percent are on a wheel going nowhere. Too complicated to inform you. Not everyone can work for a government agency or an industry subsidized by government contracts of endless spending.
@@bobz4968 I have an undergrad in business finance, masters in accounting. Retired from a business banking career in 2018. I come from a poor family. Dropped out of high school in the late 70's during stagflation. I recognized my parents financial struggle and I set myself on a path of life to not struggle. I know well what is going on financially and economically. I prepared myself economically to weather any economic down cycle this nations goes thru. I do not need government help because I helped myself. Does not matter who sits in white house, I prosper. Since this nations beginning it has endured and will continue to endure economic cycles. Great Depression 1929 under a Republic administration. 1970 Stagflation under Jimmy Carter. Dot Com Bubble George W Bush. 2008 housing crisis George W Bush. Pandemic March 2020 Trump. The current economy will recover and I understand it takes time to turn this Titanic economy around. This nation has progressed economically and technologically and left many behind. If you cant keep up, its your fault. Help yourselves and quit depending on Politicians. You sound like Socialists.
@@bobz4968 I have an undergrad business finance and master in accounting. Retired from a business banking career in 2018. I know well what is going on economically. This nation has progressed economically and technologically and left many behind because they did not prepare themselves to keep up. And now screaming for government help. What did Trump say? He Loves The poorly Educated. Great Strategy. Trump is a Populist and pandering to these peoples needs. But fact is Trump cant help those who won't help themselves. The only people Trump will help is the Wealthy. If Trump takes the White House, his base, the poorly educated, will not see improvements in their life. They will still be working paycheck to paycheck and broke.
Paul Ryan is a RINO, he doesn’t care about Americans living better😂
Pawl ryan is a rino