Stuart Varney: Politicians will feel stagflation at the ballot box
FOX Business’ Stuart Varney says Americans are already feeling stagflation in their wallets.
…
STUART VARNEY: Stagflation is not a happy subject.
There are times when the economy gets into an intractable mess – slow, or ‘no’ growth, with rising prices: that is stagflation.
We haven’t felt it in a generation, but it sure looks like it’s headed our way again. You’re going to hear a lot about this!
For the past year, inflation has gradually picked up steam. Now, it’s running hot at a 10% clip. And, I think it gets worse. Food price inflation will soon accelerate. Couple that with gas prices and electricity bills and everything else, and you’ve got an inflation problem that everyone can see and feel.
It is the job of the Federal Reserve to fix it. They do this by raising interest rates. And that’s what they’re doing now. The economy will slow. That’s the ‘stag’ part of ‘stagflation’ – stagnant economy, rising prices.
Think of the implications of this: the standard of living, especially for low-income people, goes down. Just about everyone loses ground.
We saw stagflation in the late 70s and very early 80s. Ten percent inflation; slowing economy; rate hikes then recession. An angry electorate fired President Carter.
This time around, we are already feeling stagflation in our wallets. I think the politicians will feel it at the ballot box.
…
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
Biden bringing 100,000 Ukrainians in and he has let 200,000 Mexicans in and I believe 200,000 Afghans! We are almost up to 1 Million foreigners in this Country! Who is going to stop him? This is the end of the U.S. as we know it!!!
Wait a second. After things have been inflating for a long time, doesn’t it make sense that we would level off to even everything out? What’s with all the sensationalism by this news?
breaking news! Today, the Chinese government arrested many bosses! Because it did not stop New Coronavirus customers from entering the shop. We remind investors of the risks of doing business in China! Because you may be arrested by the government at any time!
Not if Dominion machines are still in use
They won't feel it if we don't fix the corruption in the voting systems and people, it will be 2020 all over again people, they have a lot of distractions going on right now to detour away from this topic and nobody is watching….as usual.
Biden want to collapse the economy and switch to digital currency and blame on Russia and China hacking
Mr. Varney, TY for your work, but when are you going to talk about the negative home equity that people are walking in to in this housing market? Overbidding on homes that are not appraising at the behest of their realtors…the last housing crash wasn’t just due to bad lending, it was also due to runaway housing inflation where agents continued to press people into over paying for homes that ultimately lost substantial value. This is a huge problem that no one is covering. Most people can’t relate to the stock market but virtually everyone (including renters) is effected by housing.
We don't elect people who are for the people, everyone elected quickly falls in line with their respective party and quickly find themselves addicted to the money and power.
your 'votes' mean absolutely Nothing and this marxist fox weenie knows it.
– During a closed-door briefing for members of the House Foreign Affairs Committee on the new nuclear deal with Iran, US Representative to Iran Robert Mali and White House Coordinator Brett McGurk presented a report on the talks.
– Both Republicans and Democrats who attended the meeting said the new agreement would not place too many restrictions on Iran's nuclear program, while lifting sanctions that would make Moscow richer!
It is also clear that, contrary to the 2015 law, which requires the US government to pass any agreement with Iran, Congress, the Biden government intends to bypass Congress!
– Republican congressman Darrell Isa says it is clear that the Biden administration wants to lift sanctions that prevent Russia from building parts of Iran's disputed nuclear infrastructure, which it sees as a "privilege" for Moscow.
– According to Isa: "Biden wants to shoot with an arrow and do something extraordinary. On the one hand, to help Iran become a nuclear power, and on the other hand, to help Russia get rich by helping the Iran regime. "There is no doubt about that!"
"Contrary to what Biden promises about a better, longer and stronger agreement, the new agreement will be even worse than the original one!" "This is a setback to Iran's nuclear program!"
It's all the fault of the Russian… Joe said so and he would not lie because with 81 million votes he is the most popular person in the history of mankind.
People are in for a big surprise for the midterms , because if you think they pulled out all of the stops to put the kibosh on Trump in 2020 as bad as they are messing up you know they're going to do everything they can to stay in power , so come the 22 midterms Dominion will be in full swing.
The Kremlin, like Israel, with its tiny economies and army, plays absolutely no role in reshaping the world order by left-wing fanatics or simply saboteur Biden. Situations, for example, in Ukraine, conductor Biden – Obama is "to blame" Putin. Biden is a cruel enemy of the population of the world, especially Russia. The talented unification by Baden of most of the world's population against the United States causes joy for the Western media. Yes, of course, for some time the world will play according to the notes of the United States.
Baden, obama maniacal fanatics of the destruction of Civilization, the West. It should also be noted the level of IQ 0 -10 of the Congress, the Senate and the US government.
The only solution is universal income as a right and not as a privilege 😎 even the smartest man in town said it, Elon Mask🚀🚀
With this pile of manure in the white house, a recession is coming. We went from a new Cadillac to a 79 chevette
Democrat failure and embarrassment on the stage Let's go Brandon
I'm sure if Mike Pence can help in the election in 2022 he will the rotten stinking Judas. Back stabbing traitor.
Yeah if the crooks that run the dominion machines don't steal the election again in 2022 and 2024.
It's the job of the Fed to fix that by raising interest rates AND STOP PRINTING MONEY LIKE THERE'S GOING TO BE NO TOMORROW or there won't be. They should be REDUCING the money supply, not increasing it. But, that's the Leftist way. An effective method of redistributing wealth.
i am not worried about midterms. when quarter profits for wall street and oil copanies are posted next week. the mob will have someone else to blame. and all this biden at fault talk will make people see who is covering for them and turn them away from these liars.
👆👆 invest in crypto no experience needed…..
I believe that the inflation is already priced in crypto market since the end of last year. These manipulative rats are always 2 steps ahead of everybody because they are market makers. I hope I’m wrong and they won’t keep dumping it on retail investors as always. Those who hold the longest will profit the most, I trade and hold profits keep up the great work Liam and also Liam Rowan has been doing a great job reviewing all chart, trade and techniques on BTC which has enhance the growth of my portfolio to 16btc lately.. <You can reach Liam on ͲeIєɠɾαm👉 Liamsignal
Democratic do everthing they can to cheat they get by with it
Democrats voted for this!
Stagflation = another Democrat in charge 👎
I vote to withhold every elected official in the United States paycheck and benefits until such time as those elected officials get their heads out of each others arses and terminates inflation as they created it. 😉
It's Joeflation, He Joed it Up.
Thanks to …………………..👆👆👆for always being a reliable person
Thanks to …………………..👆👆👆for always being a reliable person
Dude, what is your point of 1:22 min discourse. You cannot cover anything.
=====The Latest Court proceedings=== From the Trials of The 2 oF uS….🤔….😡====
The Defendant, Brittey Griner, Charged with Cheating in Sports, Associating with Woke Liberals,& Misleading Americans. WE have reached a verdict. WE find the Defendant…..GUILTY….So say wE both…. Feed Her to the Sharkticons….HAHHAAAA!🤔…😡….
If Demorats win in November, you know they cheated again and everyone should insist on investigations into it
Send Demorats home looking for jobs come November…. Red Wave to save our country….
I guess I won’t be going out to eat I’ll be eating less spending less and saving more can’t wait for November
From your mouth to God’s ears!
Hope every one of these democrats are voted out ! But the integrity of out voting system since Joe Biden makes me ponder on that ?
You mean the ballot box the Democrats are going to stuff full of mail in ballots with no signature verification and no chain of custody? That ballot box? Yea sure, they're shaking in their boots.
Where is the phone interview with trump at
Even varney knows this guy is full of lies
That’s a great pushback question
And of course Donald trump had a horrible answer
Varney your face says it all
Thank you finally someone with sense
Everybody should’ve done what I did when they were handing out all those stimulus checks.
Instead of going out and buying a car, or a bike for your children, or a new giant TV or something stupid like that, I was paying off my debt and getting my bills caught up. Because I knew that this was going to come.
I knew I wouldn’t have the opportunity later on to get caught up let alone stay above water.
So when the s**t hits the fan, my family will be some of the few that are actually doing OK.
Everybody should have done the same thing. But I know they didn’t. Enjoy your new TV!
Varney is full of something, he's forgotten totally about Dominion voting machines
Holy Jimmy Carter Batman
This seems like yet another plan to shift money to banks via interest rate hikes (paybacks to democrats). Thanks to Sleepy Joe we can just barely afford fuel and food. Home loan interest rates will not matter a lot locally where I live. They all buy houses with cash made in the places they moved away from. Locals cannot afford a house that has doubled in price since Fauci's flu came in. I hope November gets a good count.
None of this will Matter the people that voted all this trash into office are elite or on welfare.
You know what? If politicians always wait until they suffer at the ballot box, that doesn't say very much for their loyalty to their voters, nor their integrity for America.
they wanted stagflation when they voted for joe and they will vote for him again.
So much for woke officials! Let’s go Brandon! It doesn’t matter which part of the world it is produced, there are natural consequences!
We …The Average WORKING AMERICAN Are The Enemies of The Evviro Globalists…Period..!