A failing U.S. economy and elevated global tensions reduce the likelihood of prolonged inflation or higher long-term Treasury yields. I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors I speak from experience.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Sophia Maurine Lanting” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks for this. could easily spot her website just after inputting her full name on my browser. she replied my inquiry and we scheduled a consulting session sometime tomorrow.
Excuse me through the 4 years I have had to move to three jobs nothing stable so this scare tactic of go find a job doesn’t scare people like me I worked during Covid because I refused to give up and be like the people with no job I see now hiring this thing going on at the moment if you research history is a repeat
@@jlambe19 actually, no it’s not. Tariffs and tax cuts which will impact a lot more sectors than energy and will absolutely drive inflation back up. So, when his policies inevitably have Americans suffering from higher inflation in 4 years time…..this can all come crashing down in reverse 🤷♂️.
@@bernardwylie9760 you try to sound like any other economist...you don't know the future anymore than anyone else. Maybe maybe maybe...you don't know if the economy is going to go up/down or spin around in a circle. The only thing we know for sure is the past, and Biden/Harris failed.
Amen! People just don't get that. Trump is a symptom, like lesions are a symptom of anal warts. The real problem is poorly educated people who lack fundamental critical thinking skills and just can't figure it out.
His promises so far: Remove several million workers from the economy during a time of low unemployment. Add tariffs to everything that will increase costs. The economy is going to take a great big s**t on Trumpland, and I'm so here for it. 😂😂😂
Harris added 12,000 jobs last month when the street expected 150,000. That is the lowest in the history of the US. We definitely dodged a bullet last week, even if you salty for a few weeks/months (or years).
It's not worth your time. Nothing you didn't already know. Egg farms use migrant labor at $6 maximum pay. Migrants deported. Hire American workers at $15 an hour to work the chicken. egg farm. Do you think the chicken egg producing farm owner is going to lower egg prices and eat into his profits? 😂😂😂😂😂😂😂 please share your logic on how eggs go down or anything else for that matter. Eggs will more than double.
@@JC-gd3cc Failed policies? You must mean Trump's inept and delayed response to covid which resulted in 1,300,000 dead Americans, the highest fatality rate of any modern developed country. Oh..that's right...as a MAGA, you are so deluded you can't comprehend it. It is a cult.
This is the type of guy who told us that it was a great idea to deindustrialize and offshore our manufacturing base. Who cares what he says about anything.
You are the type of guy who votes for a guy that sells Trump-Bibels that have been manufactured in China; and who thought that is was a good bargain to buy a ton of cheap TVs, smartphones, laptops and cameras all manufactured in China. Who cares what you post about anything.
Can you imagine herding that many DEI hires out the door in one day? Or course, as we know, the DEIs will be last to go. Chris Wallace was the first fire yesterday (start with the old whyte guys first, if you want to minimize people giving a shyt).
Obama was the best thing that ever happened to Fox, Trump is a gift to CNN. There will never be an end to the content when the chief antagonist wakes up at 4am to post a controversial tweet on X.
LOL .... well that certainly will not happen under Don the Con. Expect them to increase significantly with tariffs and mass deportations. Voters will get what they deserve when they elect an economic moron like Chump.
@@coreyham3753 let me guess you’re one of the illegals here getting a free ride and mad that the free ride is over lol that’s what it sounds like. Hey, do you still owe the cartels money when you get sent back?
People will turn on Trump when their money turns sour. Nothing turns someone on someone else more than the value of their wallet becoming less and/or if a conman makes false promises. Matter of time, man.
Still better than the Kackle Kween saying "let them eat cake" by claiming our economy is the envy of the world when folks can't afford groceries and gas. Those bad optics were kicked to the curb last Tuesday.
Lmao you’re delusional. Biden and dems already destroyed our economy and country bigly. Can’t get any worse than what they have done. Trump already getting things done unlike Biden and kackles who didn’t do nothing for our country except spread hate and lies and giving all our oil and money away. Delusional man
Inflation did NOT accelerate last month. The monthly number has been 0.2 for the last four months. This is entirely an artifact of what the number was a year ago that fell out of the commonly reported 12-month average. Inflation stayed the same in October is the real story. The annual inflation rate is the wrong metric to look at when you want to know what prices are doing today. What inflation did a year ago does not imply that it "accelerated last month".
@@alexanderericson8628 The government doesn't control inflation directly. the market does. And in the basket of good that they use to calculate inflation there are 714 items. Inflation (the rate at which the price of the basket of goods increase expressed as percentage). We were on track for 2.1% annual inflation, now we are 2.4%, hence the statement it increased.
@@TheJimbo301 That is not really accurate the government can do a lot to increase inflation it's just they do it indirectly. The reason why the inflation is so high now is because of COVID, which means that it would have been the same if Trump was president. But you people don't really care about truth you vote on vibes. Unfortunately your vibes are off this time and inflation is going to skyrocket when he starts deportations. It doesn't matter what you believe companies are going to freak out once it starts.
@@jameswheeler-69you don't know the economic world do you? He's putting tariffs on them to get them to lower their costs of goods. Yea Yea the buyer pays the tariffs. In the end if they want to do business in the United States, they better lower their prices
@@jameswheeler-69tariffs have been the norm in the country and what we have now is the exception. Let’s go back to minimal taxes on the people and get tax dollars through tariffs. It’s a win for everyone
Private equity is buying up all of the ice cream manufacturers and changing the ice cream recipe into ice milk but the label will still say ice cream !!!
You need to do a course in 101 economics…. I can’t believe Americans are so ignorant. 🤦♀️ wait till the 💩 hits the fan , you’ll change your opinion of Bidennomics and be crying into soup.
@@mrsj5773Absolutely right. Trump tells the people he's going to put tariffs on imports. I guess someone should have explained to them what imported goods and tariffs actually mean. Boy are they in for a surprise....
Failed? Or Trump's delay tactics worked. Helps that a Trump judge in Florida threw out the case after reviewing it for nearly a year. We all wish we had friends like Aileen Cannon. Democracies can't function with judges like Aileen Cannon.
First Trump came for the Latinos, and I did not speak out- Because I was not a Latinos Then Trump came for the trade Mexicans, and I did not speak out- Because I was not a Mexican Then Trump came for the Haitians, and I did not speak out- Because I was not a Haitian Then they came for me-and there was no one left to speak for me.
@@Stoich827Can you learn what Black Swan events are? That's what the covid pandemic was. It's a miracle we're not flat on our backs like post Brexit Britain is.
says one of the principles who brought about the 2008 crash! Larry Summers and Tim Geitner, everyone involved with undoing Glass-Steagall and de-regulation should not be allowed to even run a check cashing kiosk, much less have any influence in finance or the economy!
Just let them do what they want. People learn the hard way. Once Trump gets rid of them and fills it with his rich bros with agendas, they can't blame Biden (they'll find a way) since it's completely them running the show.
What economic policies did Kamala even propose other than 1,000,000 $20,000 loans for one race one gender… and free grass.? Every time she was asked it was “I lived in a middle class home and we all had nice lawns”
We all know MAGA are bad at economics...but hey, lets see how 2025 goes and see if you think it's great. GDP is 3%, inflation is about 2.4% and unemployment is 4.1%....lets see how that values change in 2025. Oh and the USA today is the largest producer of crude oil on the planet, producing more that we use...but we will always buy crude oil off the open world market because we need light sweet crude...and that isn't what the US produces the most of...
Biden had better job numbers and gdp growth compared to trump. It isn't bidens fault trump added 8 trillion to the debt in 4 years causing all this in the first place.
Larry Summers is absolutely right. Not everyone has a background in economics. It's safe to say not everyone who voted in the 2024 presidential election sat down and methodically worked out the policy impacts of each candidate's proposals using the appropriate frameworks. If they did, I think the outcome would've been very different. Also, as Larry Summers points out, many people voted angry. Consequently, there's a very good chance they weren't so much intentionally voting for Donald Trump and his bundle of inflationary measures as lashing out at the perceived culprit of the higher prices and interest rates they experienced the past four years, which was (whether it's fair or not) Joe Biden and by extension Kamala Harris. Voters wanted lower inflation, but they also wanted tax cuts and tariffs. All else equal, that's not possible; however, Donald Trump (facing possible prison time if he lost) obviously isn't going to tell them that. He grifted them into thinking he could make it happen and they voted for him, which is one of the many reasons why the outcome of this election was so horrible on so many levels.
It's interesting that people compare what the US has done in voting for Trump to Brexit in the UK; honestly, there are many similarities. Both were voted on without the people having a full understanding of what they were voting for, and you can tell that by the Google searches post the votes, and much of it was based on anti-immigration propaganda; tariffs have now become the most searched topic on Google and its actually astounding to me that not a single person in Trump's campaign made he keep his mouth shut on raising Tariifs as ultimately if he follows through and I hope he does as he not a liar right lol and those who voted for him with then get a full understanding of raising tariffs on Imports. End of the day, like it or not, most Western countries can not manufacture as lower economies, and the fact is many of those factories in China, particularly in the garment world, are some of the highest-tech factories on the planet and they are now multi-billion dollar setups. So the ability to set these up in the USA or UK or any Western country is really unlikely due to the cost of labour, but you add a tariff of 25% or 50% you add that cost to the end product and your inflation goes way up. its not actually rock science
The US must import foreign Heavy Crude oil for domestic refineries that cannot refine the Light Crude oil from fracking. Light Crude is mostly exported.
As opposed to getting valid information from Fox News? Just here to entertain the dialogue as I look through all sources of data, not just CNN, MSNBC, etc.
Felon Trump's economy sucked. He left us with a jacked up national debt, high interest rates and inflation. It's so much better today. Let's be honest. Trump has 6 bankruptcies. He's a loser.
You can read and write`yes? You see what prices are today? If you remove workers do you think the price goes up or down on merchandises take your time buddy you can do this.
@@alexanderericson8628 Condescension is partly why you guys are losing. Rephrase it so you don't sound like another democrat lunatic and maybe I'll answer.
He had a democratic congress for two of his 4 years. Economy in 2019 was hot yes, cause democrats didn't do his austerity cuts. He has no excuse Ike covid this time, he has Congress so if things go to shit, and they will, he takes the blame, Biden and the demo had the aftermath of covid, and they paid a political price Iike many incumbent parties in other countries, if this administration goes through with austerity, mass deportation, and tariffs...you don't have to be a economist to know that that will be bad.
you're a fool if you think that will actually happen... US Presidents do NOT control the global economy - in fact, Trump made it far, far worse here in the US with his stupid and idiotic Tariff Wars - which only cost Americans +$80 billion yr in HIGHER prices. that orange lunatic is a mental idiot
Does any literate person believe that the average American has any idea about Lawrence Summers? His profession, his ideas and how they can be applied to today’s economy? I’m so disappointed by Trump’s win and concerned about his cabinet appointments. On the other side of the equation is the fact that Trump was voted into power. The good, the bad and ugly regarding democracy.
10 днів тому
Yesterday i bought a carton of red grapes that were $8.59 ..a dollar more than they were last week . Grapes cost more than steak now .
John Q Public bears witness to the problems and listens to the guy who says what they want to hear come elections. Capitalism did it again...the Dow and S&P are skyrocketing, while John Q is choosing between medicine and food.
Inflation is always and everywhere a monetary phenomenon. Growth in real economic output, in the private sector economy, instead of government, will tame inflation.
@@RaFox_17. He said tariffs will raise prices which is asinine because we’ve seen them work throughout history. Companies are already coming back to the US because of the tariffs. It’s working.
@@Ordovician71 Practically every economist says, including 23 nobel economist, that they will increase inflation. Goods will cost more to import, hence prices will rise. Can you give me a source on Trump’s tariffs bringing back jobs?
Mr Summers said people are not economists to fully analyse complex ecenomics theory no need to be an economist to know if you slap tariffs on imports goods it is the consumer who is going to pay the increase no need to be an economist to know if you deport 14 millions people that creates a labor shortage that will not only depreciate US GDP but create again more inflation to fill the labor shortage.
In particular, Summers cautioned that if tariffs are used aggressively, instead of just threatened as leverage to make trade deals, there would be a “substantial adverse supply shock from higher prices.” Trump has also promised to enact the largest deportation program in American history, deporting millions of undocumented people - many of whom are working.
Oh no, a warning from Larry Summers. Let's looks at Larry shall we and determine if we should care what Larry says... Larry played a role in the repeal of the Glass-Steagall Act in 1999, which had previously separated commercial and investment banking. This deregulation is often criticized for allowing large banks to grow and take on riskier investments, which some argue contributed to the 2008 financial crisis.
No just talk. Everyone agrees that deportations means higher prices. I am sorry guys you are just morons. You wanna know a secret? Trump thinks that too.
Statistical data reported monthly tends to be a little noisy (they are frequently revised); if this increase in the rate of inflation is confirmed in data of following months, it will likely prompt a firm response from the Federal Reserve. The big message from the 70's, and Paul Volker's response, is that effective policy to mitigate inflation needs concerted, and sustained effort. The Biden administration was sloppy/foolish to (a) ignore Dr. Summers' warnings in Feb 2022, and (b) to continue substantial fiscal stimulus/deficits while the Fed was (belatedly) attempting to counter the inflation.
This is totally ignoring the massive cut in government spending as proposed by DOGE and most congressmen. LAwrence summers and CNN is just selectively presenting new AGAIN.
What's wrong with "loyalists"? He (Trump), and his appointees, and especially the military leaders, work for US ... WE the people, and thus their loyalty is to the constitution & rule of law (not to Trump when his instructions violate those). ⚖️🇺🇲 Of course, job skills & experience matter too.
A failing U.S. economy and elevated global tensions reduce the likelihood of prolonged inflation or higher long-term Treasury yields. I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors I speak from experience.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
this is great! think your advisor would get on the phone with an unknown? i'm in dire need of proper portfolio allocation
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Sophia Maurine Lanting” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks for this. could easily spot her website just after inputting her full name on my browser. she replied my inquiry and we scheduled a consulting session sometime tomorrow.
Issue a warning to half of your employees that they need to start looking for a new job
this is the end of their build back broke duck policies!
Excuse me through the 4 years I have had to move to three jobs nothing stable so this scare tactic of go find a job doesn’t scare people like me I worked during Covid because I refused to give up and be like the people with no job I see now hiring this thing going on at the moment if you research history is a repeat
The half who have never left the house after Covid and still feel entitled to wear pajamas andcworknfrtom home......
At least the numbers show a lot of people are starting to realize what this is. They're starting to realize they've been lied to for years.
CNN is owned and run by idiots.
A lot of ignorant people voted for Bexit and regretted it. Now, it's our turn.
Yup and those who voted for him are brainless
Anything is better than attacking the energy sector and printing money
We need to tax ignorance and stupidity in this country 😆
@@jlambe19 actually, no it’s not. Tariffs and tax cuts which will impact a lot more sectors than energy and will absolutely drive inflation back up. So, when his policies inevitably have Americans suffering from higher inflation in 4 years time…..this can all come crashing down in reverse 🤷♂️.
@@bernardwylie9760 you try to sound like any other economist...you don't know the future anymore than anyone else. Maybe maybe maybe...you don't know if the economy is going to go up/down or spin around in a circle. The only thing we know for sure is the past, and Biden/Harris failed.
Trump supporters wont be screaming fake news when he tanks the economy 😂
They’ll blame Biden some how
Yes, they should. Spend $8 trillion. What a mess.
Yes they will. Everything they don't like they just label fake news. Facts have nothing on them
DOGE 🎉
He will tank the economy if he does the taffirs and mass deportation...those will both drive up prices.
Can’t blame Trump. You knew what he was going to do. Blame the voters who put him in
Amen! People just don't get that. Trump is a symptom, like lesions are a symptom of anal warts. The real problem is poorly educated people who lack fundamental critical thinking skills and just can't figure it out.
His promises so far: Remove several million workers from the economy during a time of low unemployment. Add tariffs to everything that will increase costs. The economy is going to take a great big s**t on Trumpland, and I'm so here for it. 😂😂😂
Yes and MAGA claps for it...
Yes, yes, probably just like you where there for a Kamala win.
WEll, giggling imjoi panzie. Hate to break it to you but you have shown a great deal of ignorance.
Harris added 12,000 jobs last month when the street expected 150,000. That is the lowest in the history of the US. We definitely dodged a bullet last week, even if you salty for a few weeks/months (or years).
Watch-out for incoming Stagflation
It's not worth your time. Nothing you didn't already know.
Egg farms use migrant labor at $6 maximum pay.
Migrants deported.
Hire American workers at $15 an hour to work the chicken. egg farm.
Do you think the chicken egg producing farm owner is going to lower egg prices and eat into his profits? 😂😂😂😂😂😂😂 please share your logic on how eggs go down or anything else for that matter.
Eggs will more than double.
These MAGA lovers would not understand that they only believe the con mans lies...
maga logic is that only the bad ones will be deported. It sounds childish logic because it is.
My chickens haven't raised their prices.😎
That is not true.
Unfortunately MAGA supporters don’t care about logic , if you put Trump and Jesus behind podium they will trust whatever Trump says more than Jesus
I guess Trump will find a solution for that: Punishment for accurate statistics and reporting only numbers he likes.
Yes, and then boast that no one has ever done better, faster...and the MAGA clap...
Putins playbook!
@@TheJimbo301 Why don't identify as a winner and not feel as bad?
@@JC-gd3cc Failed policies? You must mean Trump's inept and delayed response to covid which resulted in 1,300,000 dead Americans, the highest fatality rate of any modern developed country. Oh..that's right...as a MAGA, you are so deluded you can't comprehend it. It is a cult.
But he'll praise you if you provide alternative facts. 😊
😂 CNN BREAKING NEWS, REPORTS, TRUMP COLLUDED WITH ALIENS 👽 😂
That will never happen, because even the most advanced aliens, will never be able to decode his babbling...sorry weave
Humans don't even want to collude with him more or less aliens..
@@jameswheeler-69you must be the pivot man at the YT dudes for Harris team meeting
Biden was a malfunctioning Alien
@@jameswheeler-69
Yes we do. You must still be in Kamala meltdown mode. I’ll leave you alone in your grieving process. Poor guy.
This is the type of guy who told us that it was a great idea to deindustrialize and offshore our manufacturing base. Who cares what he says about anything.
They looked under a bunch of rocks to find this relic. 😅
Come on CNN. You’re embarrassing yourself.
Monday morning quarterbacks are at it again
He's also one of Epstein's besties.
You are the type of guy who votes for a guy that sells Trump-Bibels that have been manufactured in China; and who thought that is was a good bargain to buy a ton of cheap TVs, smartphones, laptops and cameras all manufactured in China. Who cares what you post about anything.
Just line up for your severance check, and don't let the door hit you on the butt on your way out...
Are you talking about illegal immigrants - hehehehe
Can you imagine herding that many DEI hires out the door in one day? Or course, as we know, the DEIs will be last to go. Chris Wallace was the first fire yesterday (start with the old whyte guys first, if you want to minimize people giving a shyt).
CNN was TNN, now they are crying
If i were cnn, I'd be more worried about looking for another job.
The rich keep getting richer and trump will make sure of that!
Obama was the best thing that ever happened to Fox, Trump is a gift to CNN. There will never be an end to the content when the chief antagonist wakes up at 4am to post a controversial tweet on X.
Why? They made a killing during Trump's last presidency reporting on all the crazyness and corruption
@@kateskeyshow about we all get richer .. that's the idea
You should worry about getting a second job so you can afford eggs and tomatoes. High prices will reach your trailer park community.
All the food is still expensive. The prices have not come down.
LOL .... well that certainly will not happen under Don the Con. Expect them to increase significantly with tariffs and mass deportations. Voters will get what they deserve when they elect an economic moron like Chump.
Gunna take some time to undo the damage these morons have left.
@@coreyham3753you should bet your life on that
@@coreyham3753🤣😂🤣. Keep watching your southmouth dribble champ. Eat it up like they know you will.
@@coreyham3753 let me guess you’re one of the illegals here getting a free ride and mad that the free ride is over lol that’s what it sounds like. Hey, do you still owe the cartels money when you get sent back?
Larry Summers is one of the Donor's still waiting for the Harris Campaign to explain how they are 20 million in dept.
People will turn on Trump when their money turns sour. Nothing turns someone on someone else more than the value of their wallet becoming less and/or if a conman makes false promises. Matter of time, man.
People just dumped the Democrats for gutting our economy. And CNN lied about it.
Still better than the Kackle Kween saying "let them eat cake" by claiming our economy is the envy of the world when folks can't afford groceries and gas. Those bad optics were kicked to the curb last Tuesday.
Lmao you’re delusional. Biden and dems already destroyed our economy and country bigly. Can’t get any worse than what they have done. Trump already getting things done unlike Biden and kackles who didn’t do nothing for our country except spread hate and lies and giving all our oil and money away. Delusional man
To all of you talking ish. Elon already said you will be broke under Trump's plan. But you guys missed that.
Yeah he said that there would be at least 2 years of hardship
@@cdubb8827 So probably 10 years of hardship.
Inflation did NOT accelerate last month. The monthly number has been 0.2 for the last four months. This is entirely an artifact of what the number was a year ago that fell out of the commonly reported 12-month average. Inflation stayed the same in October is the real story. The annual inflation rate is the wrong metric to look at when you want to know what prices are doing today. What inflation did a year ago does not imply that it "accelerated last month".
Economy has bern good but will go south in Jan.
So you are saying that Biden was about to lower inflation, yes I agree.
@@alexanderericson8628 The government doesn't control inflation directly. the market does. And in the basket of good that they use to calculate inflation there are 714 items. Inflation (the rate at which the price of the basket of goods increase expressed as percentage). We were on track for 2.1% annual inflation, now we are 2.4%, hence the statement it increased.
@@TheJimbo301 That is not really accurate the government can do a lot to increase inflation it's just they do it indirectly. The reason why the inflation is so high now is because of COVID, which means that it would have been the same if Trump was president. But you people don't really care about truth you vote on vibes. Unfortunately your vibes are off this time and inflation is going to skyrocket when he starts deportations. It doesn't matter what you believe companies are going to freak out once it starts.
The liberals are in total chaos and shock!😳
You're going to be in shock when you see what tariffs do they're going to rise prices
Now they are, but later you will be. The chaos and shock will come to everybody except his oligarchs.
@@jameswheeler-69you don't know the economic world do you?
He's putting tariffs on them to get them to lower their costs of goods.
Yea Yea the buyer pays the tariffs.
In the end if they want to do business in the United States, they better lower their prices
@@jameswheeler-69tariffs have been the norm in the country and what we have now is the exception. Let’s go back to minimal taxes on the people and get tax dollars through tariffs. It’s a win for everyone
Wait to you go shopping if you can afford to in Jan. 30 percent increase I. Current prices Bro. Hope you have a job 😅😅
Will ice cream become more expensive? I'm asking for a friend
only grandma Nancy can afford ice cream.
Hope your friend has a good credit score for a loan for that ice cream.
Larry Summers buying his way off Epstein's and Diddy's lists just went through the roof, baby!
Private equity is buying up all of the ice cream manufacturers and changing the ice cream recipe into ice milk but the label will still say ice cream !!!
Did he warn about Bidennomincs? That was a disaster
I think he was one of the inflation is transitory people
You need to do a course in 101 economics…. I can’t believe Americans are so ignorant. 🤦♀️ wait till the 💩 hits the fan , you’ll change your opinion of Bidennomics and be crying into soup.
@@mrsj5773econ 101? These people don’t have a GED. Basic critical thinking skills are lacking.
@mrsj5773 prices went up 26.5% under Biden. Under Trump it was under 6%. What world do you live in where 6% is worse than 26.5%?
@@mrsj5773Absolutely right. Trump tells the people he's going to put tariffs on imports. I guess someone should have explained to them what imported goods and tariffs actually mean. Boy are they in for a surprise....
No more lies You're all fired Go be with the freaks 😱
Poor reasoning! This will affect you and your family members.
CNN is on life support. Maybe they could switch it up and do a little unbiased reporting.
Like Fox News? OAN? LOL
@TheJimbo301 Go stalk someone else.
😂😂😂😂😂 these video's are comedy gold.
Breaking: Failed prosecutor Jack Smith resigning.😂😂😂🇺🇸
And Chris Wallace resigning from
CNN. 😂
Failed? Or Trump's delay tactics worked. Helps that a Trump judge in Florida threw out the case after reviewing it for nearly a year.
We all wish we had friends like Aileen Cannon.
Democracies can't function with judges like Aileen Cannon.
@@darrnellnott07
Ha
cry harder
@@darrnellnott07the cases against TRUMP are all election interference, don't you get it yet.
@@darrnellnott07 Its because the Democrat tactic failed. It was all meant for him to lose the election, and that failed!🫵😂
First Trump came for the Latinos, and I did not speak out-
Because I was not a Latinos
Then Trump came for the trade Mexicans, and I did not speak out-
Because I was not a Mexican
Then Trump came for the Haitians, and I did not speak out-
Because I was not a Haitian
Then they came for me-and there was no one left to speak for me.
And then they ALL started voting for him and wearing MAGA hats!😂
Find a good shrink
The one you are seeing isn’t helping
I’d say it was nice knowing you CNN, but it wasn’t😃
Let’s interview a liberal and ask him what COULD happen. 👎🏻
Could you please give your expert opinion on the effects of Trump’s economic policies?
@@RaFox_17could you give me Joe Biden and kamala's economic policies?
I'll help you out, they never had any
Summers isn't a liberal. He was so vainglorious and filled with hubris thay blew up his Harvard presidency.
@@Stoich827Can you learn what Black Swan events are? That's what the covid pandemic was. It's a miracle we're not flat on our backs like post Brexit Britain is.
@ Tariffs could help promote American manufacturing.
I'm surprised CNN's ratings weren't UP on election night.. I was watching just to see the meltdown.. It was worth EVERY MINUTE! 😂
It's about time the cancel culture gets canceled
I do not believe this network!!!
It has lost all credibility and integrity that it has ever had.
This network sucks!!!
The sky is falling! The sky is falling!
Does CNN ever report good news for Trump?
Good news? there isn't any.
That’s right! People not always in Economics just a little
Can we please address mental and physical health issues? If people are not in good health, a stable economy would collapse.
says one of the principles who brought about the 2008 crash! Larry Summers and Tim Geitner, everyone involved with undoing Glass-Steagall and de-regulation should not be allowed to even run a check cashing kiosk, much less have any influence in finance or the economy!
Companies are bulk buying their inputs now to avoid future tariffs.
😂. The tears are glorious!!!!!
Why doesn’t CNN get a real economist on. Dr. Thomas Sowell.
Still telling us we are imagining things. Gas 5.59 here
🚲 😊
Voters hear "tax cuts" and they ignore everything else.
50% of eligible voters did NOT vote at all. So no total mandate there for this Pre-dent.
Just let them do what they want. People learn the hard way. Once Trump gets rid of them and fills it with his rich bros with agendas, they can't blame Biden (they'll find a way) since it's completely them running the show.
What economic policies did Kamala even propose other than 1,000,000 $20,000 loans for one race one gender… and free grass.? Every time she was asked it was “I lived in a middle class home and we all had nice lawns”
We all know you're leaving Trump with a big pile of 💩. We can't do any worse!
We all know MAGA are bad at economics...but hey, lets see how 2025 goes and see if you think it's great. GDP is 3%, inflation is about 2.4% and unemployment is 4.1%....lets see how that values change in 2025. Oh and the USA today is the largest producer of crude oil on the planet, producing more that we use...but we will always buy crude oil off the open world market because we need light sweet crude...and that isn't what the US produces the most of...
It's cute how CNN thinks this guy's opinion matters. You had 4 years to help Biden improve the economy with your great ideas buddy.
Biden had better job numbers and gdp growth compared to trump. It isn't bidens fault trump added 8 trillion to the debt in 4 years causing all this in the first place.
And he did.
“The government you elect is the government you deserve.” - Thomas Jefferson (1743-1826)
This is the guy who called for deregulation and part of a crew directly responsible for the collapse in 2008…no one should listen to him
Investors around the world are choosing Bitcoin over US Bonds and even Gold. Black Rock will rule the world.
Larry Summers is absolutely right. Not everyone has a background in economics. It's safe to say not everyone who voted in the 2024 presidential election sat down and methodically worked out the policy impacts of each candidate's proposals using the appropriate frameworks. If they did, I think the outcome would've been very different. Also, as Larry Summers points out, many people voted angry. Consequently, there's a very good chance they weren't so much intentionally voting for Donald Trump and his bundle of inflationary measures as lashing out at the perceived culprit of the higher prices and interest rates they experienced the past four years, which was (whether it's fair or not) Joe Biden and by extension Kamala Harris. Voters wanted lower inflation, but they also wanted tax cuts and tariffs. All else equal, that's not possible; however, Donald Trump (facing possible prison time if he lost) obviously isn't going to tell them that. He grifted them into thinking he could make it happen and they voted for him, which is one of the many reasons why the outcome of this election was so horrible on so many levels.
Please cease to exist, CNN
well why are you here?
@jucat60 To spread the news that the legacy media, the likes of CNN, is failing. Wonder why? Guess people got sick of being lied to.
It's interesting that people compare what the US has done in voting for Trump to Brexit in the UK; honestly, there are many similarities. Both were voted on without the people having a full understanding of what they were voting for, and you can tell that by the Google searches post the votes, and much of it was based on anti-immigration propaganda; tariffs have now become the most searched topic on Google and its actually astounding to me that not a single person in Trump's campaign made he keep his mouth shut on raising Tariifs as ultimately if he follows through and I hope he does as he not a liar right lol and those who voted for him with then get a full understanding of raising tariffs on Imports. End of the day, like it or not, most Western countries can not manufacture as lower economies, and the fact is many of those factories in China, particularly in the garment world, are some of the highest-tech factories on the planet and they are now multi-billion dollar setups. So the ability to set these up in the USA or UK or any Western country is really unlikely due to the cost of labour, but you add a tariff of 25% or 50% you add that cost to the end product and your inflation goes way up. its not actually rock science
The US must import foreign Heavy Crude oil for domestic refineries that cannot refine the Light Crude oil from fracking. Light Crude is mostly exported.
Happy CNN will close!
Hey CNN, heard your viewership has hit rock bottom along with MSNBC. Great news!!
The best news yet.
As opposed to getting valid information from Fox News? Just here to entertain the dialogue as I look through all sources of data, not just CNN, MSNBC, etc.
"It could be so damaging" it doesn't mean it will happen that way
She looks like she's reporting from out in the hallway. Have they been booted out of their lease already?
"CNN to fire is half its employees after ratings nose dive."
Gee, I wonder what biased, subjective "analysis" made this happen 😂
Larry Summers is the last person anyone should listen to regarding the economy.
They did not educate themselves to what or how a tariff works!!!
Therapists have been Deployed to CNN and MSLSD
I didn’t realize CNN was still in business
Ghost town over there. Fired Chris Wallace yesterday. More the 100 fired today!
@ Dang!
Americans ignored the expects in this election, despite the president warning.
Nobody believes your nonsense anymore.
Reps are going to actively reduce Govt spending get it?
Now you are showing trumps economic plan for what it is? Thx. Good job old media.
Hard to take someone who's been wrong for years seriously. Meanwhile we have President Trump who's economy was great. I'll listen to president Trump.
Yes listen to the felon who has been bankrupt 6 times what a winner..
Felon Trump's economy sucked. He left us with a jacked up national debt, high interest rates and inflation. It's so much better today. Let's be honest. Trump has 6 bankruptcies. He's a loser.
You can read and write`yes? You see what prices are today? If you remove workers do you think the price goes up or down on merchandises take your time buddy you can do this.
@@alexanderericson8628 Condescension is partly why you guys are losing. Rephrase it so you don't sound like another democrat lunatic and maybe I'll answer.
He had a democratic congress for two of his 4 years. Economy in 2019 was hot yes, cause democrats didn't do his austerity cuts. He has no excuse Ike covid this time, he has Congress so if things go to shit, and they will, he takes the blame, Biden and the demo had the aftermath of covid, and they paid a political price Iike many incumbent parties in other countries, if this administration goes through with austerity, mass deportation, and tariffs...you don't have to be a economist to know that that will be bad.
Uh, sure dude! How about let the man actually get in office & see how the economy improves!
you're a fool if you think that will actually happen... US Presidents do NOT control the global economy - in fact, Trump made it far, far worse here in the US with his stupid and idiotic Tariff Wars - which only cost Americans +$80 billion yr in HIGHER prices.
that orange lunatic is a mental idiot
I may check in again in 2 yrs if they survive this!
You can lie to people anymore anybody with a cell phone can go and verify
How is deporting illegal immigrants, who are living in hotels and doing nothing at the expense of taxpayers, an invitation to a labour shortage?
Where is the news about CNNs layoffs?
Larry Summers shouldn't be giving economic advice to anyone.
Does any literate person believe that the average American has any idea about Lawrence Summers? His profession, his ideas and how they can be applied to today’s economy? I’m so disappointed by Trump’s win and concerned about his cabinet appointments. On the other side of the equation is the fact that Trump was voted into power. The good, the bad and ugly regarding democracy.
Yesterday i bought a carton of red grapes that were $8.59 ..a dollar more than they were last week . Grapes cost more than steak now .
Fry's is selling the for 99 cents.
$3.79 for gallon of milk. My gas is $3.10 gallon.
Larry Summers irrelevant like CNN 🎉🎉🎉🎉😂😂😂😂...IOIOIOI
John Q Public bears witness to the problems and listens to the guy who says what they want to hear come elections. Capitalism did it again...the Dow and S&P are skyrocketing, while John Q is choosing between medicine and food.
The only scenario that deflates CPI is a resession
Inflation is always and everywhere a monetary phenomenon. Growth in real economic output, in the private sector economy, instead of government, will tame inflation.
The adults are back in charge soon. Hey we should do a office of President elect that was hilarious
Wow, someone paid to say he doesn't agree with Trump after they lost the electoral college and popular vote. Never saw this coming. 😂
Please explain why he is wrong.
@@RaFox_17. He said tariffs will raise prices which is asinine because we’ve seen them work throughout history. Companies are already coming back to the US because of the tariffs. It’s working.
@@Ordovician71 Nothing you say to these people will ever get through. They are filled with hatred. It's their life force.
@@Ordovician71 Practically every economist says, including 23 nobel economist, that they will increase inflation. Goods will cost more to import, hence prices will rise. Can you give me a source on Trump’s tariffs bringing back jobs?
@ Well we know from history that it’s not true. And look up Steve Madden for one example
Mr Summers said people are not economists to fully analyse complex ecenomics theory no need to be an economist to know if you slap tariffs on imports goods it is the consumer who is going to pay the increase no need to be an economist to know if you deport 14 millions people that creates a labor shortage that will not only depreciate US GDP but create again more inflation to fill the labor shortage.
Well, America was good while it lasted..
In particular, Summers cautioned that if tariffs are used aggressively, instead of just threatened as leverage to make trade deals, there would be a “substantial adverse supply shock from higher prices.”
Trump has also promised to enact the largest deportation program in American history, deporting millions of undocumented people - many of whom are working.
Oh no, a warning from Larry Summers. Let's looks at Larry shall we and determine if we should care what Larry says...
Larry played a role in the repeal of the Glass-Steagall Act in 1999, which had previously separated commercial and investment banking. This deregulation is often criticized for allowing large banks to grow and take on riskier investments, which some argue contributed to the 2008 financial crisis.
Biden kept all of Trump tariffs and even increased them. Fun Fact.
The US can do it, get inflation under control, it is just going to take everyone working 100h a week...
Oh, so that's how you spell Larry Summers's name. I generally spell it "Larry HasBeen," but now it is customary to spell it, "Larry Loser."
Last person who we should take advice from. Larry 'was so wrong about the global financial crises' Summers
😂 Didn't want to talk about inflation during the campaign but now it's all they talk about.
Noooooooooo
Not smart
Cnn lifesupport
Yah, professional economists sure have been spot on over the past few decades. You sir are not credible
Get 10 Economists in a room to talk policy and you get 10 different directions we need to go. Trust the experts.
No just talk. Everyone agrees that deportations means higher prices. I am sorry guys you are just morons. You wanna know a secret? Trump thinks that too.
Statistical data reported monthly tends to be a little noisy (they are frequently revised); if this increase in the rate of inflation is confirmed in data of following months, it will likely
prompt a firm response from the Federal Reserve. The big message from the 70's, and Paul Volker's response, is that effective policy to mitigate inflation needs concerted,
and sustained effort. The Biden administration was sloppy/foolish to (a) ignore Dr. Summers' warnings in Feb 2022, and (b) to continue substantial fiscal stimulus/deficits
while the Fed was (belatedly) attempting to counter the inflation.
F Larry Summers, dude never met a rate hike that he didn't like
It will get worse before it gets beter but it will get beter. It doesnt happen instantanously people.
Oh the swamp is mad
This 4 years will definitely be interesting
But But But no one has stopped spending!
Larry, the election is over, you missed the warning window.
This is totally ignoring the massive cut in government spending as proposed by DOGE and most congressmen. LAwrence summers and CNN is just selectively presenting new AGAIN.
What's wrong with "loyalists"?
He (Trump), and his appointees, and especially the military leaders,
work for US ...
WE the people,
and thus their loyalty is to the constitution &
rule of law
(not to Trump when his instructions violate those). ⚖️🇺🇲
Of course, job skills & experience matter too.