Billionaire makes stunning prediction about China's economy: 'It's not 1981'



Gamco Investors chairman and CEO Mario Gabelli explains how China’s economy could suffer from unwinding its zero-COVID policies on ‘The Claman Countdown.’ #foxbusiness #claman

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47 comments

  1. Sounds like Competition between Apple and Twitter

  2. Will Start by republicans winning the presidency in 2024

  3. Interesting – if he would finish a single sentence and make sense.

  4. This guy has it all wrong
    Now is the time to bring manufacturing home or move it to anyplace except China.
    Let them trade with Russia for aircraft.

    United States corporations should be banned from trade with China as you're simply paying to fund their military.
    Without global trade China will starve.

    However, money comes before country in the United States and our political class is too weak until 2024.

  5. Golden dragon??? How these Wall Street blood suckers invest in Communists? They'd sell their mom into slavery to make a buck!

  6. she keeps interrupting🤢🤢🤢

  7. Mario is way to easy on China. USA should take back production from China as Trump promoted with MAGA! The only way to prevent the West being taken over by China and her Social control System

  8. What's this guy's problem in not answering in a concise manner? Too much beating around the bush and doesn't even provide a context we can observe…

  9. Bubble currency, bubble stocks

  10. China is not a investment opportunity. It is a totalitarian state. The West has given PROC a opportunity to adapt to democratic values and it is clearly not going to change. Aggression
    towards Taiwan and Japan and support for Russian aggression and breach of Belarus and a
    Minsk agreements and subsequent invasion are indicators that USA corporations should be
    leaving now and stop using Chinese citizens as cheap slave Labour. Bring jobs back to the
    USA. Punish companies that refuse with high corporation tax sanctions.

  11. China government will fall by the hand of God!.

  12. When it comes to investing, we want our money to grow with the highest rates of return, and the lowest risk possible. While there are no shortcuts to getting rich, but there are smart ways to go about it

  13. Wow so they gunna start allowing viruses on their products…. literally the only reason i have an iphone. Apple is done. 🤣

  14. China's economy is in slow decline. The virus lock downs sped it up. Throwing more money at building empty buildings will not fix it.
    Lower GDP, higher unemployment, property developer bankruptcies, small and medium businesses going broke, local governments running out of cash, local banks running out of cash and individual personal despair of the population will lead to lower consumer spending.
    This will end up impacting the world economy and the US. China will try to spend its way out of its decline with government stimulus and that will reduce prices of goods produced in China and shipped around the world. Inflation will decline. China is the worlds second largest economy. A slow down in China will slow demand for energy. Steel production has declined and companies are going bankrupt because of the property developers stopped projects all over the country. The property developers collapse will ripple thru out the economy. Lock downs made it worse. Individuals, corporations, bond holders and investors are leaving China. The ruffled feathers about Taiwan are meant to stir up people and have them rally around the CPP and China. They need to distract people from all the economic problems in China.

  15. The fake investor schemers and their promoters are in the comment section… 🤡

    Ahhh yes I make 50,000 a week with my new investment advisor Paul shekels

    Oh really? Yes I also have an acct with Paul shekels he helped me retire age 25 I now make 40k every 2 weeks

    Hey guys Paul shekels is taking on new investors 🤡

  16. Apples a communist org …. Commie scum

  17. Sorry Mario but you have been bought by China and everything you do is so partial to china that you are not to be listened to, your fund should fire you.

  18. No one believes this, it’s a communist plot to push their lockdown agenda but your tooo stupid to realize this

  19. Some 350 million American want to see China fails, whereas 1400 million Chinese want to see China succeeds. By looking at these figures, you don't need a PhD guy to tell you who will eventually prevail. The trouble is that American always think that they are the only smart guys around.

  20. LOL – there is no way Apple will forego that revenue. Seriously?

  21. No one escapes a biological weapon of this magnitude

  22. The fact that Fox endorses MAGA is all I need to leave this site 😢

  23. Businessmen talk sense as compared to politicians

  24. Investing in crypto now should be in every wise individuals list, in some weeks time you'll be ecstatic with the decision you made today

  25. US DONT WANT ANY PART OF THIS . WE INVESTAGATE ALL wahington does. AND WE LIKE THIS IT MAKE NEWS.

  26. China will catch up to the world by sacrificing some lives and gaining natural immunity. It was just poor leadership.

  27. Garbage remarks by media about mRNA vaccines doing any possible good for anybody…. Makes a better bioweapon than a vaccine. Covid does not matter but maybe something worse is spreading in China again.

  28. Yes many accomplished business people can acquire and make money. But what are the values that inspire us and sustain us?

  29. Rising cases in China…… Maybe China should not have allowed it to escape the lab.

  30. Even cotton undies are made in China and they start falling apart fast

  31. Defund the federal government, stop paying taxes, abolish the irs

  32. o k ko too awfelly bad Mr. Trump did not make our lives fluent with the ideas such as democracy;
    let this be a lesson of where – when- [how life began], who what where gave freedom a chance,
    but, this beginning of our treasured measured Holiday Season, the Birth of the one and
    only power wielded
    yo, Jesus Christ

  33. I've been unsure about the market due to volatility, at the same time I still feel it's the right time to make profit cos of the price decrease, heard someone speaking of making over $500k since the lockdown and I'm driven to ask what techniques/skillset is needed to achieve this

  34. . YES, BY ALL MEANS, INVEST IN A COMPANY
    IN A COUNTRY WHERE THAT COMPANY CAN BE
    NATIONALIZED IN AN INSTANT BASED ON ONE WACKJOB'S WHIMS.

  35. Pretty much everyone in China depends on vaccines and they have no natural immunity. They are going to get wiped out because they don't have any natural immunity.

  36. China has been saving food in their warehouses. They already have food stored up for their dooms day. US should save food also. He shouldn't tell everything.

  37. I don't agree with this and you should believe this at your own peril. Truth is, some of these are said to influence the market which in turn translates to personal gain. My advise? Always make more thorough inquiries before making money decisions or better still, get the services of an expert (that way, you give little room for error and get tailored investments). Made my first million earlier this year this way after losing a lot to these billionaires and YouTube inspired rumours. Good luck!

  38. The price of BTC declined over 15% and even trade below 16k. Binance opted out to bailFTX, resulting in an increase in selling pressure… this has caused all altcoins to follow suit at the moment, if BTC fails to recover by the next major support..then a massive lower low is expected. Ruby Benally stated her bullish stand on the market regardless of the market volatility and I’ve been able to make over 22.4btc from her insights and accurate daily signals using 3.7btc…staying one step ahead is always rewarding at this time.

  39. Liz Claman is a top notch news person and Mr Gabelli is a very Savy investor!

  40. The financial market has been a really tough one this past months, but I watched an interview on CNBC where the anchor kept mentioning "…Donna Lorraine Judge…". This prompted me to get in touch with her, and from October 2021 till now we have been working together, and I can now boast of $540k in my trading portfolio

  41. News flash Wenatchee Washington and surrounding areas are full of Chinese owned farms

  42. We need to cut all useless government agencies, fire 80% of government employees, like Twitter they're not needed

  43. I used to think everybody went broke during the Great Depression and other major crashes but they didn’t… Some made millions, I also thought everybody went out of business during these times but they didn’t, some went into business, there's always depression/recession for some people and there's always a good time for others, it's all about perspective.

  44. China can go to their own US farm property as well as meat processing plants for food. I have one of their massive slaughter houses in my home town.