US economy to take 'big hit' in 2023: Steve Forbes



Forbes Chairman Steve Forbes explains how sky-high interest rates could affect consumers shopping ahead of the holiday shopping season on ‘Varney & Co.’ #foxbusiness #varney

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47 comments

  1. The economy is booming. The fed can’t seem to stop it. 2023 will continue. People are spending. Some are borrowing.

  2. I think the so called leaders I call crooks have manufactured this down turn if it comes. That’s why they hated Trump.

  3. His work from home thesis is wrong. Businesses will trim fat if the economy tanks and they've already seen the savings they get from remote work. Utilities and real estate are not cheap especially if a company owns a business in a state like CA or NY with higher wages + utilities why would they continue this outdated model when they can pay someone in a lower wage state less without paying any additional overhead?

  4. The Biden regime has has chosen to inflate their currency to mask the fact that US standards
    of living are falling. Now they must manage their stagnation and decline = social crisis.

  5. It's getting bad because my company cut our christmas bonus

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

  7. Car market crashes hard

    Housing market crashes hard

    Stupid people buying the last 2 years

  8. AND WHO WILL SUFFER YOU GOT THAT RIGHT…

  9. Is this the same Steve Forbes that predicted a big red wave time to give your jaws a rest snake oil salesman

  10. Donald Trump sold out the Afghanistan ppl to the Taliban

  11. Are these the same predictions as the lost red wave??

  12. Fox lost credibility
    I'll get a real opinion.

  13. Good.
    Look forward to the big burn

  14. U cant borrow your way outta doubt????? I mean debt???. Hey prez Pay off my big fat student loan i will vote pour vous.. Nest pas????

  15. homeless alert – infrastructure bill is installing heated sidewalks in towns that don't want them — find which towns and travel there and pitch your tent — stay warmer this winter when the snow is flying .. thank Traitor Joe

  16. A measure of how the duration of a bond changes in correlation to an interest rate change. The greater the convexity of a bond the greater the exposure of interest rate risk to the portfolio.

  17. Be the republicans fault they control Congress Jan 1st.

  18. Most citizens who have worked , believe in being responsible for their actions have already seen this hardship. Nothing new. Just when will the American people be ready to take back their vote , hold anyone breaking the law to be prosecuted. What ever extreme that may take. Our politicians seem to have no limit. As my parents used to say ," shut up or put up". We are at at a cross road people.

  19. Everybody wants something for nothing and crypto says you get nothing. They used to call these pyramid schemes.

  20. That might not be a good sign

  21. I'll be in a grocery store at night in 2023

  22. It doesn't take a genius to know this we knew it was going to happen as soon as you all elected Biden

  23. The Greatest Depression, an economic crash unlike anything else that anyone has ever known. A reckoning of unheard-of proportions is coming that America has deserved for well over a century. Have fun, America… economic slavery is around the corner, and it's permanent.

  24. People are maxing out figuring they wont be around to even worry about it, since credit meaning nothing and taxing mean everything. Omg.

  25. Buying useless stuff is not going to save us from the fate of a culture that values useless stuff.

  26. Forbes used to be a respectable organization, not so much anymore.

  27. So they can introduce One World Currency this is Joe Biden and Obama's new world order

  28. If Fox talking heads say it is all going to be bad, I suddenly become more optimistic.
    Let me guess. A humongous red wave?

  29. The American Citizens voted for this to happen, Steve. They want this problem.

  30. The US taxpayers have our money given to U.kraine by the millions since 2014 truth !!

  31. This is the end of digital currency, time to back out of the Crypto world now why you still have money in your pocket, look at US stocks like the SP 500, in the long term it always outperforms!!!!!

  32. Go Bankrupt and starve.

  33. AMERICA IS A CROOKED CORRUPT BANANA REPUBLIC RUN BY DECEITFUL NARCISSIST MORONS

    which is supported by some of the most uneducated/brainwashed/stupid people on the planet…

    & what's even more bizarre is! …

    FACT! …AMERICA HAS ADMITTED VARIOUS TIMES IT HAS MEDDLED IN OTHER COUNTRY POLITICS.

    SO HOW COULD AMERICANS BE SO STUPID NOT TO THINK VOTE MEDDLING IS NOT HAPPENING

    IN THE MOST CROOKED CORRUPT BANNANA REPUBLIC COUNTRY IN THE WORLD … AMERICA.

    to quote JOSEPH STALIN …

    ("The people who cast the votes don't decide an election, the people who count the votes do")

  34. Shake Down 1979 & 19% credit card interest. Untenable. Unsustainable.

  35. You mean Another big hit right? FJB!!!

  36. When we go into a debt driven economy, we're toast, and things haven't been great to start with!!

  37. THE WHOLE WORLD ECONOMY WILL TAKE A HUGE HIT NEXT , PANDEMICS DO THAT.

  38. And yet millions upon millions of idiots will continue to support the vile Democratic party. Disgusting. Fools.

  39. Biden waging war on the gig economy? What does he mean by that?

  40. When China πŸ‡¨πŸ‡³ is hit with protests, what do you expect to happen? πŸ€” I see clear path to complete economic collapse and not just economic but civilization collapse. Just imagine what would happen if there's nothing comes from China for the next two years. Where would you get you iphones from? How about Amazon stuff? What about your toys?

  41. It's coming dopey joey,
    Who are going to blame for this joey, dementia dementia,
    πŸ‡¨πŸ‡³πŸ‡¨πŸ‡³

  42. Does anyone still read or advertise in Forbes? Get facts elsewhere instead of trivial information paid for by Wall St shills.