Piper Sandler managing director and SR economist Jake Oubina sits down with ‘Mornings with Maria’ to discuss the shift from focusing on inflation to unemployment and the risk of recession.on the horizon. #FOXBusiness
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"The Fed is doing it's job." Just like they did their job in 1929. Gonna be interesting times coming up.
With rates climbing like never before in ’23 coupled with uncontrollable inflation, and our own mortgage at now 7.5% what are the best alternatives/strategies for avoiding a crunch and maximize my $600k savings other than moving in to an RV with my two kids and wife.
Joe Biden absolutely killed the American dream.” We did it Joe”……….Kamala Harris
Sharp unemployment rate rise is actually good for inflation. If you want interest rates cut. Then you need a reason. The best reason would be a recession caused by unemployment. It's economics 101
I like how Biden has imported millions of poor, unskilled illegal aliens who want lots of freebies from us. I'm sure that will help things.
Do US economy is a house of cards. I think all Americans that have lived here over the last 30 or 40 years have a strong sense that our economy is much much weaker than it ever was in the past. It is very difficult to find a job that actually pays enough to support housing, transportation, and food costs to feed one person let alone a family we are becoming a renter nation instead of a nation of owners. I am 47 years old and I pray every day that our economy completely collapses because we need a fresh start the way things have been going it’s not real. QE, fake numbers, propping up the markets. It’s all just to protect globalization, and the winners of globalization the one percent.
How is anyone surprised at the unemployment rate. Biden has been putting people out of work since day one.
Economic depressions happen on average every 75 years throughout history. We are way overdue. Couple that with inflation, which no one is doing anything about, and we've got a real storm coming. Meanwhile, congress is increasing our record levels of debt. Historically world wars brought us out of depressions into economic prosperity. Maybe that's why our government insists that we get involved in two foreign wars that we have nothing to do with and may well spiral into World War 3 right before an election?
Thanks for the reporting but really for me at least, this is not a surprise
Baby boomers are retiring or on the verge to, so honestly though, how do we deal with such recession-influenced market conditions? Typically my $2m worth of holdings go up 8% then lose 20% right after and the cycle continues, I’m confused and truly sick of the system
We experienced the peak of our era, and now it is gone. Recession is tanking everything including 401K. My retirement equities portfolio of $750K is in the reds. I keep losing because of inflation. This world will fall to the corrupt rulers in the same way that Rome did. I'm sorry if you're thinking about retiring and you're worried that your pension won't be enough to meet the rising cost of living. Horrible foreign policies everywhere, bad regulatory policy, bad fiscal policy, and bad energy policy.
So you want average people to stop spending while the wealthy keep buying things up. Just like wanting wages to come down but allowing businesses to reap record profits while the wealthy continue to get rich. Doesn't make sense at all..
Markets are WITHIN 10% of ALL TIME HIGHS.
That tells us about Powell and his stupid little rate hikes, which DO NOT MATTER.
Bring it.
Biden and Harris should do the right thing and resign !!!
Quit raising the federal rates.
Inflation doesn’t just come from interest rates.Let’s say you shut down domestic fuel production and buy fuel from Russia, Middle East for higher prices.That affects trucking costs, movement of food and retail, and fuel goods.Higher price of diesel equals higher prices.Also, government spending affects inflation according to economists not politicians.
Bring our military government home and help create green energy and quit depending on ARABIC OIL STOCK EXCHANGE TO CONTROL COST OF LIVING
Thanks for the update! Let's go mara? 🙂
Hey I got an idea…let's give people money to not work and this will make everything better…. America is a money based society…take the money out and you have no America