Bank of America Securities Head of U.S. Economics Michael Gapen discusses the risk of recession, the push for bank regulation, the impact of the Federal Reserve’s rate hike on the economy, and the fight against inflation and the bank crisis. #foxbusiness
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I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks. I believe having 75K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities
Recession fears; isn't it with two straight quarters with negative growth is a recession? And; didn't we have two quarters with negative growth? What a paid goon
Hmmm ,
Works for Bank of America. One of the 4 major banks that benefits from Fed Rate hikes that cause many smaller banks collapse .
I truly hope everyone realizes we are heading for a major crash which in turn creates the rise of the " Digital Dollar."
I think people are wonderful we have are up an downs,we're not the smartest people in the world and were not perfect.But we try are best to put things right,but we don't deserve are economy to crash, on us due to poor incompetent banker practices, that set us back 50 years from greatness
Mini? To mini to hide huh 😂😂
Mini?
How to Hedge Against Inflation: Keep some extra cash on hand, Invest in Various Assets (stocks, real estate, etc.), If you are going to take on debt, better to take it on earlier (assuming you can pay it) before interest rates rise. Refinance
There are no good jobs, companies are laying off staff left and right. Minimum wage is only left but that's not a job, it's a joke.
These people are delusional… they sit here speaking all kinds of nonsense. It’s a circle and they just literally run you in circles. They say a lot with saying nothing, lies on lies. His words “someway it’s good the shockwave hits” moral hazard 🤣 clown
I love the grounded reality of this channel!!,Despite the recession, I'm so happy withdrawing my $48k profits out of my investment with a platform in town..
I recently inherited almost $500k. I REALLY need to make this money work for me, and not just disappear over time. I've been scrambling for somewhere to put the money, where I can make an effort to use the gains to pay bills so I can quit my job or should force early retirement. All roads have pointed to the financial market of some sort which is a good idea buh where else should I put money besides the financial market owing to the looming recession? We have a 13% RPI rate so cash is tough.
"Added 311,000 jobs." It's nice to see that the jobs lost over the past 2.5 years are being regained.
I'm so happy I made productive decisions about my finances that changed my life forever. I'm a single mother living in Buffalo New York, bought my second house in January and hoping to retire next year at 39 if things keep going smoothly for me!!
soon enough banks will have collapsed,
and the new digital currency installed
–trust and serve God for life eternal.
I'm so opportuned irrespective of the economic crisis and financial conditions I am still able to earn $33,500 returns from my initial $6,500 every 10days
Will it ,we are in resection. Headding in to depression !
FED will "ADMIT ITS MISTAKE" if it doesn't increases rates! Too Fast Too Soon rate hikes caused Fed's SOFT LANDING to turn into "BANKING CONTAGION"! If Fed will STOP now, it will imply that Fed has understood and admitted that they have SCREWED UP the banking sector! Fed's SHORT SIGHTED vision has already Destroyed so many small businesses that don't come on the news!
The comment spam for Fox Business is crazy. First 15 comments are all fake "conversations" pushing people to fake guru advisors. Google needs to fix that.
wonder if they will pause interest hikes in the next fed meeting for interest?
Having the title 'economist' is 21st century speak for wizard. Merlin and the man behind the current please. Please. Please. Stfu.
Making money is an action. Keeping money is behavior. Growing money is knowledge.
Don't get me wrong, I know the economy is in shambles and in order to break even and make profit, we have to ride it out until stock recovery, but how are some folks in the same stock market as me still able to pull off substantial profits of as much as 650K within months, what am I doing wrong?
It is a government inspired crisis this time. The Treasury have to sell Bonds to cover the trade imbalance and the government spending imbalance. In order to sell them they have to raise interest rates and the old long-term, low risk, low interest, AAA investments (including Treasury Bonds), held by the banks (often due to government regulatory policy), become next to worthless. The next milestone is the 15th when the government issue a new batch of Bonds. I have approximately $350k stagnant in my portfolio that needs growth. What is the best way to take advantage of this downturn?
Da,we have been in recession for one quarter now. Where have you all been? And this is supposed to be some type of financial update?
This guy has NO idea what he's talking about. Then again, he's at Bank of America, one of the dodgiest financial institutions in America. Ignore everything he says, and expect the opposite to happen.
EVERYTHING (oops)
THE ONLY THING AMERICA MANUFACTURES IS BOMBS!!!! EVERTING ELSE COMES FROM BOOGEY-MAN RED CHINA!