MARIA: WELCOME BACK, OCTOBER
HOSPITALIZING STARTS PERLTS
LOWER THAN EXPECTED LOWER THAN
SEPTEMBER RATHER JOINING ME TO
REACT EBT FROM A REGULAR
ECONOMIC ADVISOR AUTHOR OF
TAXES AND CONSEQUENCES ART
LAFFER HERE HOW DO YOU READ
LATE IN TERMS OF ECONOMIC DATA
HOUSING DATA?
>> I THINK BOB NARDELLI
COMMENTS ARE RIGHT ON THE MARK
NOT GOOD NEWS A HARBINGER OF
TOUGH TIMES TO COME WHEN YOU
THINK IN CONTEXT WE HAVE A
VERY, VERY LOW PARTICIPATION
RATE MEANS, LABOR SUPPLY IS
NOT THERE, IT JUST ISN’T
THERE, HIGH INFLATION, WE HAVE
AN ECONOMY THAT IS ON THE
BRINK.
AND POLICIES, DEBT, DEFICITS,
HUGE.
SO TO START A DOWNTURN AT THIS
SUSTAINABLE REALLY VERY
DEPRESSING, REALLY BAD NEWS.
>> BOB.
>> YOU HAVE BEEN AROUND THIS
MUCH LONGER THAN I HAVE A LOT
MORE EXPERIENCE, BUT I SEE I
SEE THOSE AS KEY NEGATIVE
INDICATORS GOING FORWARD.
SO,, YOU KNOW.
>> A I DO TOO.
>> TELL BE THIS.
>> WHAT DO YOU MEAN I HAVE
BEEN AROUND A LOT LONGER THAN
YOU BOB?
JUST JOKING.
>> LONGER THAN ME?
>> I KNOW I AM OLD FIRST LAW
--
>> KID AROUND BOB NARDELLI.
>> I AM 74 SO I’VE BEEN AROUND
A LONG TIME ALSO, I --
SPEAKING APOLOGIZE.
>> EXPERIENCE OWN ECONOMICS.
>> EXPERIENCE.
>> YES, SIR, THANK YOU FOR
CORRECTING ME.
>> SO --
>>.
>> I WASN’T SURE RIGHT THERE,
MY GOD.
>> FOCUS ON ECONOMIC SIDE OF
THIS FOR A MOMENT, LET’S GO
FOR IT.
>> YES, SIR, SO, IT SEEMS TO
ME THIS ADMINISTRATION, CAN DO
A COUPLE OF THINGS VERY, VERY
SIMPLY QUICKLY, TO HAVE IMPACT
ON WHAT IS TAKING PLACE THE
ONLY PART OF ADMINISTRATION,
THAT IS DOING SOMETHING IS THE
FED RAISING RATES.
SO TAKING A HAMMER AND NAIL
APPROACH FED IS HAMMER EACH OF
US AS CONSUMERS ARE THE NAILS
THEY ARE POUNDING US DOWN, BUT
DON’T YOU THINK A CHANGE IN
ENERGY POLICY WOULD CHANGE AT
THE BORDER A NUMBER OF THINGS
ADMINISTRATION CAN DO
IMMEDIATELY TO HELP US TURN
THIS THING AROUND.
>> YEAH, THERE ARE BUT NOT
GOING TO DO THEM BOB WE ARE
NOT GETTING ENERGY
DECONTROLLED I DON’T THINK
THAT IS GOING TO HAPPEN I
DON’T THINK THE FED IS GOING
TO DO WHAT IT SHOULD DO WHICH
IS TOP PRICE CONTROLS OF STOP
TRYING TO CONTROL INTEREST
RATES LET MARKETS DETERMINE
INTEREST RATES SHRINK MONETARY
BASE OR BALANCE SHEET OF THE
FED WHAT THEY SHOULD DO GET
THAT INFLATION UNDER CONTROL
IN FACT COULD HAVE DONE THAT
QUITE SOMETIME AGO, THERE IS
NO WAY THIS ADMINISTRATION, IS
ALSO GOING TO STOP SPENDING.
SO THE ZPESTS AND DEBT LEVELS
ARE GOING TO INCREASE, THAT IS
GOING TO HAPPEN AS WELL, WHEN
YOU START ALL OF THIS WITH A
VERY LOW PARTICIPATION RATE,
AND HOUSING MARKETS START TO
TILTING TO RECOMMEND DOWN
WHICH IT REALLY IS BAD SIGN
FOR THE FUSHT 69 ECONOMY
INDICATES THE SEVERITY OF THE
DOWNTURN I BELIEVE WE ARE
SECULAR DEADLINE THIS BODES
POORLY FOR THE U.S. ECONOMY TO
COME.
>> IT IS MARK TEPPER GOOD
MORNING, QUESTION FOR YOU --
>> HOW ARE YOU YOU YOU.
MARK: GOOD YOU MENTIONED
RECESSION I AM CURIOUS WHAT
YOU EXPECT ETHICS YEAR A KEY
THING I LOOK AT OBVIOUSLY, THE
YIELD CURVE MOST PEOPLE LOOK
ANOTHER TWO YEAR 10-YEAR, I AM
LOOKING AT THREE MONTH 10-YEAR
PRETTY SEVERELY INVERTED, IT
IS PREDICTED 12 OUT OF LAST 11
REGULATIONS ONLY ONES FALSE
POF I DON’T WANT TO FIGHT THAT
DATA I FEEL LIKE WITHIN SIX
MONTHS WE WILL BE IN A WORST
MACE THAN WE ARE RIGHT NOW, WE
WILL BE IN RECESSION WHAT IS
YOUR TAKE?
>> LET ME FIRST DO 12 OUT OF
PAST 11 RECESSIONS, YOU DON’T
WANT TO FIGHT DATA I
UNDERSTAND THAT BUT THE REASON
THERE WERE 12 INSTEAD OF ONLY
11 IS BECAUSE, THE POLICIES OF
REAGAN CHANGES THAT ONE THAT
WAS GOING TO BE A RECESSION
AND DO NOTHING OF RECESSION IN
OTHER WORDS, POLICIES CAN
AFFECT THINGS CAN AS IT IS
RIGHT NOW MY EXPECTATIONS
ABOUT THIS ADMINISTRATION
POSITIONING POLICYHOLDERS I
SEE, SECULAR I JOHN
JAPANIFICATION OF AMERICA SLOW
GROWTH COUNTRIES EATEN UP LOOK
AT DEBT LEVELS TO GDP A VERY
BAD SIGN, YOU KNOW WHEN YOU
LOOK AT INFLATION, THERE IS
NOTHING THAT HAS BEEN DONE SO
FAR, THAT GETS ME TO CHANGE MY
MIND, ABOUT INFLATION, NOW, WE
MAY HAVE SOME NICE INFLATION
NUMBERS FOR A MONTH TWO MONTHS
SIX MONTHS, BUT THE UNDERLYING
PROBLEM FED BALANCE SHEET OF
CAUSING PEOPLE NOT TO WORK ALL
OF THAT, WE ARE GOING TO HAVE
MORE MONEY LESS GOODS THAT IS
INFLATIONARY ENVIRONMENT, AND
THEN YOU LOOK AT ALL THE OTHER
POLICIES TAX POLICIES, I MEAN,
HIRING 87,000 NEW IRS AGENTS
FOR 80 BILLION THAT IS ALL
NEGATIVE FOR GROWTH, THAT IS
NEGATIVE FOR PROSPERITY, SO I
AM VERY CONCERNED ABOUT NEXT
YEAR REQUEST I WOULD SAY GOING
TO BE A VERY SLOW GROWTH YEAR.
MARIA: ALL GREAT POINTS,
BATYA.
BATYA: WHY "NEWSWEEK" MY
QUESTION HOUSING MARKET
IMPOSSIBLE FOR FIRST-TIME HOME
OWNERS NOW, WAGES ARE UP 5%,
BUT INFLATION EATING ALL OF
THAT AWAY, I MEAN WE’RE
OVERSEEING DEATH OF THE
AMERICAN DREAM HERE, WHAT IS
YOUR RESPONSE TO THAT WHAT CAN
WE SAY TO WORKING CLASS
AMERICANS WHERE SHOULD THEY
LOOK TO FOR HOPE, FOR GETTING
THAT AMERICAN DREAM BACK ON
TRACK?
>> I WOULD NOT USE THE WORD
DEBT WE’VE GEN THROUGH THIS A
NUMBER OF TIMES BASED ON
POLICIES ONCE YOU GET POLICY
MIX DONE I HOPE NEXT TWO YEARS
WITH REPUBLICANS LEARN THEIR
LESSON GO BACK TO BEING THE
STEWARDS OF THE ECONOMY IF ONE
THING REPUBLICANS SUPPOSED TO
DO IS HAVE A GOOD ECONOMY
GREEN EYE SHAPED LOW TAXES
SPENDING RESTRAINTS SOUND
MONEY MINIMAL REGULATIONS FREE
TRADE THAT SHOULD BE THE
REPUBLICAN AGENDA.
ONCE THAT HAPPENS WE CAN COME
BACK TO PROSPERITY, BUT WE’VE
GONE THROUGH LONG PERIODS OF
VERY DARK PERIODS, AND COME
BACK STRONG, SO -- THIS IS
WHERE I THINK WE ARE RIGHT NOW
I DON’T THINK THE NEW
HOMEBUYERS HAVE MUCH AN
OPPORTUNITY.
MARIA: WE WILL SEE IF
REPUBLICANS CAN STOP RECKLESS
SPENDING I MEAN BECAUSE I
WOULD SAY THE ROOT CAUSE OF
THIS SPIKING INFLATION, IS THE
COVID RELIEF PACKAGE 1.9
TRILLION DOLLARS SIGNED INTO
LAW IN MARCH OF 2021, SPENDING
TOOK OFF FROM THERE.
.
>> AND BUILD BACK BETTER THE
LITTLE ONE ALL ARE -- NOW
ASKING FOR MORE MONEY FOR
UKRAINE FOR COVID-19 RELIEF,