Former Reagan economist Art Laffer discusses the latest housing data, the impact of Biden’s policies on the US economy and his concerns regarding the country’s slow economic growth.
Subscribe to Fox Business! https://bit.ly/2D9Cdse
Watch more Fox Business Video: https://video.foxbusiness.com
Watch Fox Business Network Live: http://www.foxnewsgo.com/
FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.
Follow Fox Business on Facebook: https://www.facebook.com/FoxBusiness
Follow Fox Business on Twitter: https://twitter.com/foxbusiness
Follow Fox Business on Instagram: https://www.instagram.com/foxbusiness/
source
We miss winning!! IMPEACH BIDEN
Ha ha ha ha….what a 💩 show..
.ha ha ha ha.
Republicans??? Are you sure?
Hee, hee, hee, my dentures almost fell out!
Media and their guests: "Hey, we are all in this together".
Audience: "No! We ain´t in on that at all".
are there ever any Fox guests that AREN'T pushing a new book?
What's the solution?
The economy is 100% controlled by people. If the economy is doing well it's because people are putting in the effort to make it better if the economy is doing poorly this because people are putting in the effort to make it perform poorly. That is it. There is no other reason for an economy to be doing good or bad.
Years of trickle down economics and refusing to tax the rich, and this is the result.
The GREATEST DEPRESSION IN HISTORY
European economies are bearing the brunt of Russia’s war on Ukraine, especially in the form of dramatically higher energy costs. Japan is struggling with lower global demand for manufactured goods, which make up the better part of its exports.
Meanwhile, the sheer tonnage of geopolitical risks swamping the global economy, not least of which are China’s economic troubles thanks to its zero Covid policy and bursting real estate bubble, have driven investors to safe-haven investments. And the greenback is currently one of the safest bets around.
If we can give over 90 billion to Ukraine and print endless money, why do we need to pay any taxes ????
millenials are not doing their american duty to buy a house
So cycle does he mean fourth turning?
even if house prices get cut in half. the kids still can't afford them. only the ghetto is?affordable.
Is the Fed trying to break the government and social security?
With the current problem around the world today I think it's best everyone invest more in digital asset than Saving in banks and real estate. Just my thoughts
Yes the short end the 3 month 10 year is the one that counts and is the one the fed looks at, it was until know the missing element, just a 6 to 9 month lag .
I firmly believe the entire Western World is entering a new kind of dark age, and one it will never climb out of, if the people don't act soon to turn this negative economic and social situation around. The corporations, the banks, and the government of The West needs to understand that The West CAINT be reduced into a third world existence and these elements reap their fortunes from a new post WW2 styled middle class in the third world they love to fantasize they've cultivated now for the past 40 years. I promise you; your efforts are DOOMED to failure. The third world as a collective whole, doesn't not only possess the level of industriousness for being successful on such a level, but they are also NOT in possession of the natural intellect, creativity, and organizational skills for accomplishing such objectives. The desire for excellence is not even there to a point of these populations being willing to sacrifice the pleasures of today for a better tomorrow. The entire worldwide system will collapse into a squalor subsistence existence, where all of universal humanity endures a raw brutish, amoral, subhuman lifestyle. I see a devolutionary effect consuming the entire human species. Such is mankind's future unless the citizen base in the Western World acts very soon.
Recession is pushed by over-spending by Uncle Joe and his crew, just like Obama! Every sector of the economy is starting to falter, and the population is having to cope with the highest cost of living in nearly four decades. My question is where should we put our investment money now to better prepare for the future and a liquidity crisis? I have $102,000 to grow
The amount of time we spend believing we can't is more than enough time to learn how you can.
What does he mean when he said "secular decline?"
American Taxpayers Become POORER, under democrat policies! It’s that Simple! Only a MORON, would Vote for the democrats!
What is this guy talking about? He thinks that the Fed can reduce inflation without setting interest rates. Then he praises Reagan for preventing a recession. What? Under Reagan's watch they cranked the interest rates way, way beyond anything we've seen yet. My guess is that the Fed will sporadically follow the Volker example, but will probably not have the guts to really crank it and thus will prolong the crisis. Ponzi coins, I mean cryptocurrencies, will all crash and housing will correct 30-40% in real terms.
landlords are scum bring in rent controlls NOW
TRUMPS A LOSER! TWICE!!
DESANTIS 2024!
releasing the Kraken on energy production could fix all of this.
Dems are E V I L and what they are doing to O U R nation is INTENTIONAL and UNACCEPTABLE
We're in a cycle now. American people got to sit tight. With interest rates high, home and property purchase will go down, driving prices back down. People can also relocate to a different and more affordable region until we can drive energy prices back down.
The only economy Joe cares about is how much is going to 'The Big Guy.'
EVERY ADMINISTRATION HAS RAISED THE DEBT. WE SPEND MORE THAN WE BRING IN.ITS BASIC ECONOMICS. OUR MILITARY SPENDING ALONE IS ALMOST A TRILLION A YEAR. OUR COOPERATION PAY 0 TAXES. MASSIVE HEALTH CARE SPENDING. MEDICARE, SOCIAL SECURITY AND THE V.A. WARS ARE NOT ONLY EXPENSIVE BUT BECOME MORE EXPENSIVE AFTER THE WAR. IT IS NOT DEMOCRAT OR REPUBLICAN. ITS THE WHOLE SYSTEM.