I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $150k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?

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.

When you spend like drunken sailors like Congress does, you have baked in inflation. this concerns me and has left me uneasy. Especially this potential depression, no more a recession. I'm unsure about my $130K account strategy, considering the uncertainty of this whole recession mostly.

Stiglitz just says what the politicians want to hear please no more Keynesian ideology

Would they give Stiglitz another Nobel Prize if he read and understood Milton Friedman enough to at least give an honorable mention to the Fed buying $4.8 TRILLION of Federal Bonds (with printed money) between February 2020 and April 2022. This inflation is persisting long after the Covid supply problems ended.

“Everything but money printing was the source of inflation.” Good time to be a money printer.

Does printing 6 TRILLION DOLLARS IN 15 DAYS have anything to do with it 🤔

He says "We're not Argentina". That's a really low bar.

Word: Never accept economic advice from some dude who has his own personal chef, and is clueless about the price of beef, milk, eggs, bread, etc.

Dude we need a rate at least 7,5% to be fair.... inflation much more then 2.8%...

Inflation was caused by shortages? This proves the Nobel Prize is a joke.

Once again, there is no Nobel prize in Economics. There is a prize set up in 1969 by a bank in memory of Alfred Nobel. Basically they are trading on the name and status of the Nobel Prizes.

Government overspending is inflationary. 1 trillion dollars being added to the debt every 100 days is insane. Federal expenditures are in overdrive, and are a threat to the country's financial system.

Inflation had nothing to do with money supply. This guy is a genius.

Dude housing prices went up because prime was zero from 2008 to 2022. Should have been that low that long.

Exactly, irresponsible government spending is the source

Investors are skeptical about the Fed's plan to maintain interest rates until inflation stabilizes. Personally, I'm uncertain about investing $150k into my stock portfolio and seek advice on the best strategy to capitalize on this current market.

I wonder who is going to buy his books

Sending helicopter money 💰💰 not an issue?

The source of inflation is scammers. They’re printing money.😂😂😂😂

These people are so out of touch with reality. I guess lowering rates to historically low and giving everyone money didn't matter.

Didn’t even mention the amount of money printed 😂

They are running a $1T deficit every 100 days. Inflation and price levels will stop rising when unelected experts in government are removed and the spending slows.

I don't care if he had 20 Nobels I disagree with his analysis

Let the man finish his sentence. Jeez.

Nowadays, winning a Nobel Prize is more of an insult then something to be proud of.

The world bank has done such an excellent job over the last 70 years. Wow, they have been right about everything. Africa is so modern now. The mind blowing genius blows my mind.

I'm surprised Prof. Stiglitz would say that interest rates are too high. The neutral rate is defined as the rate of interest where the economy neither expands nor contracts. The economy is continuing to expand, which would indicate that the current Fed Funds Rate is below the neutral rate.

Professor at Columbia? Immediate skepticism

It’s incredible who they give Nobel prizes to. State politically motivated and sponsored economists

So the government printing trillions of dollars had nothing to do with inflation???

I wasn't nominated for a Noble prize but know that money printing fix nothing!!

All you have to do is turn off government spending, unemployment will rise, and all prices on everything will drop. It is that simple.

Compound inflation of USA over last four years is 25%. Outrageous!!!! Wealth destruction

Stiglitz is a clown. That's the same BS you hear from Biden. But if supply shocks from the pandemic were the cause of the inflation then prices would have gone back to normal once those supply constraints were resolved. It's like when a hurricane disrupts the supply chain and drives up prices - those prices don't stay high forever. The supply chain gets restored and prices go back to normal. Also, people moving around the country is a zero sum game. That would create higher prices in the places they're moving to and lower prices in the places they're moving from. The net effect on inflation would be zero. No, the real cause of the inflation is the Fed itself and the excessive spending coming out of the Biden administration.

What is the current problem being caused by rates being too high. He gives no examples and just states they should be lower.

I have to respectfully disagree. If work from home caused people to move, and that caused prices to increase in those localities where they were moved, why didn't we see a corresponding decrease in housing prices in the places they left? Instead we saw every housing market skyrocket, even those where people were leaving. It's easy to see it was the monetary and fiscal stimulus. The Ukraine war and global supply chains have nothing to do with the supply of existing homes, but the Fed buying 1/3 of all home mortgages for QE and the resulting sub 3% mortgage rates does. And then it was the complete U-turn in interest rate policy, with mortgages above 7% causing a lockdown effect. Even if new home construction slowed during the pandemic, the new home supply in any given year is not nearly as large a factor a the supply and demeand existing homes.

People like him are the reason we had inflation not seemed in 40 years and $34T national debt

Government actions have created economic inequality!

2% inflation rate goal was the dumbest thing

interest rates dont stop inflation, money supply does, argentina has interest rates of 180% their inflation went up every year, stop the credit supply stop debt monetization.

All these experts have all the answers if only they knew the questions,

Stiglitz is correct stating that the FED overplayed their hand......

Who gave this guy a nobel?! Jesus Christ…

He wrote a book of the same name in an effort to erase the prior publication. Nothing to see here 🖕

Monetization of the debt is distorting the economy.

Supply shortage. 😂😂 Nothing to do with printing too many dollars.....

If they cut rates while inflation is at 3% it will spark inflation extremely high again

Anyone know where Andrew gets his shirts? They always look great.

Inflation is caused by M2 money supply, it inflates hard assets.

since rate stay low. it's about 20 years cycle of profit taking, and consumption reached maximum level compared to profit making and production at lowest limits. at this point you need 20 years stay rate high till reached 10% rate and start another cycle. believe me.

No, it was the printing of nearly 30% of all dollars in circulation over the course of one year. Inflation only exists when you add more money to the system... That's it. Price goes up and down based on supply and demand but inflation only exists when you add more dollars into the system.

2% was the guardrail... Inflation is theft.

Two time Nobel Prize winner, he's really good at telling us what we already know, brilliant!

I would rather have a recession than Hyper inflation

Almost 100% of the increase in housing prices over the last 15 years has been caused not by shortages but by near-zero interest rates. Stiglitz has won the Nobel Prize twice but is disconnected from reality if he thinks inflation is the official rate. It's in double digits and many people who were struggling before inflation are now drowning.

We 🇺🇲 are in for a lot of problems !✌️

He's so wrong. It seems by now after 4 years I know more about macroeconomics that the good professor here

Need rates near 20% to break the inflation back. However with $2T/yr deficits and $1T/yr debt payments we are in going in the wrong direction to survive this mess the Fed and US Treasury made.

What he left out is that the inflation is caused by a lack of investment in the real economy. Things are breaking down and costs have to go up to fix things.

Nice, let's cut a couple of quarter percent chunks off of the Fed Funds rate, then. Sounds good to me.

This is the mainstream media demonstrating what's wrong with the mainstream media. Trying to make something snappy and exciting instead of the slow, measured discussion of serious issues.

I disagree with the professor on the freedom of inflation flexibility in that repressive interest rates at the Fed for nearly two decades served t o price American labor out of the global marketplace, and pushed capital out of the USA.

A huge mistake was made since the financial crash of 2008 in that money was printed and given to the banks at zero percent interest rates, in reality free money for the banks to spend as they wished. This increased borrowing as well as inflating asset prices and the Market indexes. Many people got stinking rich and the World debt massively increased. It was a case of printing money and paper IOUs which increased the debt mountains and inflated assets like property and shares by a substantial amount. The result is a mountain of debt that must be serviced globally. Mortgages and car loans increased. Those left behind and those starting with nothing are suffering as a result, the younger generation especially who have to suffer inflation, huge rents and high property costs. The rich got richer and the poor got poorer.

Everything has changed since COVID stressed the system and highlighted some flaws, such as infrastructure and the supply chain. It seems like there is another problem that has been exposed, but has yet to be identified, which is the current model for measuring the health of the economy is flawed. Why do working people have to lose their jobs, remember good jobs reports show a healthy economy, the stock market is up so business is healthy, but the FED has the rates hiked up because of inflation and it’s not working, it’s making things worse. This guy is right on the money. A 2% target for inflation is too low. We had no problem for years with 3-3 1/2%. Why such a low target now?

The problem is American greed. Suppliers wholesalers retailers The Federal government Green new deal,war on the oil industry increase the price on everything.

AI? Green movement? None of that is happening

LOL. Really! Interest rates and layoffs don't address price gouging and record margins. Supply shortages is an excuse to permanently increase prices.

so what he says is high rates didn't work to lower inflation so lower rates?? c

Not a word about government free money? A Democrat? What a joke

Rates are still too low.

issue is there are too many variables at play for anyone to predict what to do..expected results don't always happen..just like the market..the economy makes a fool of most people who try to predict most of the time..fed should not change their stance now.

The FUD (fear uncertainty doubt)on icp is ramping up lately...seems like a signal to load up more icp because the fus us designed to suppress price until the big buyers fill their bags first.

Interest rate won't make a difference on inflation though higher interest rate will lower banking responsibilities then a noticeable difference at cost per good will better purchase sale purchase goods. Then inflation can be addressed and potentially bettered.

so larry summers was wrong?

Jerome Powell is a tax specialist not an economist with practical sense of what is prevailing on the road. He did not travel the country like Alan Greenspan. Powell did not understand that economics is science .

INFLATION CAME FROM SUPPLY CHAIN DISRUPTION AND GOVERNMENT MONEY!! AND WE SHOULD HAD RAISED IT ABOVE INFLATION AND CRUSHED INFLATION

Everybody is always talking about cutting interest rates and high inflation. If americans dont want inflafion federal reaerve shpuld stop printing the dollar. Too much dollarhave been printed and is still being printed. If the dollar is notthe world currency reserve, usa would have been experiencing hyper inflation long ago. Chinaalone has 3.4trillion dollars as reserve. Usa has 34trillion debt and it wil print more than 90bi.lion to give toukraine taiwan and israel. Dollar is just printed money that is why many nations are calling for dedollarization. They haveto tax theirpeople while all usa has to dois to print the dollar

So, is this guy saying that the cost of capital should be negative? Oh, he is a Keynesian philosopher, which is not actual economics. Supply side shortages cause inflation, but actually reduce back to original prices. People buying houses don’t cause inflation. $4T of money printing is the cause and he doesn’t mention it. We have had 15 years of savers getting negative rates and subsidizing others. This is nonsense. Savers should get 15 years where they get to make some real returns.

Tell the Nobel Prize scholar it's not hard for wages to fall; When people are out of work and need money, they take any work they can get! Our government's policies and practices will make that happen! We don't need Nobel Prize scholars to explain that to us. Anybody with Common Sense can figure that out on their own! Incidentally, Thomas Paine wrote something called "Common Sense 200+ year ag0. Perhaps, It should be required reading before our politicians take office!

Does this man not want to acknowledge that A LOT of fiat money was created during the pandemic and that we shrank our economic output during the lockdown and BOTH of these factors gave us the price increases we experienced? Meanwhile, the higher interest rates we now have won't do much to bring down inflation because slowing the economy or even putting it in recession will, once again, shrink output. Plus, like all savers in money market funds, I have all this extra money(higher interest) I can spend or continue to inflate asset bubbles with.The treasury will not cut spending because rates are higher. They'll simply refinance at the higher rates. How much room is there really for cutting spending down to a level that balances the budget?

I think that the right number for inflation long-term is a mean of zero.

is he wrong about interest rates though? You shouldn't be able to borrow capital at 0% rates except in times of dire need for economic expansion, which the world's largest economy hardly qualifies for.

Products not lasting could be a cause of inflation. People want the newest I phone. I’m on my 5th coffee maker in the past year. Can’t find one that lasts.

Love at the end, they had to cut him off before he started actually speaking

Interesting that prices increased due to supply chain shortages but did not decrease when the supply chains were fixed. Maybe it was the money supply and increased government spending that caused the inflation more so than the supply chain shortages.

Everybody worried about inflation so much that nobody talks about the juggernaut national debt. The national debt is like a planet killing asteroid. It will hit.

Supply and demand...!

This guy should give his Nobel Prize back. This is what happens when you give someone who is losing their mental faculties the reflexive acceptance of a BS award. Remember, Obama got a Nobel Prize for what again? Simply being a black President.

The master race. One of three careers....Law, finance or government job.

We don't have runaway inflation, just crippling inlation. Road to Serfdom is obvious inspiration for title, not referenced.

Cuts coming! Pamp it

Very interesting take on things. 2% Inflation is not the magic number, but what the economy is doing or will do. Higher inflation isn't bad, especially if you have a pretty good job or access to money, like most of the people who are commenting on this stock channel or why would you be here? Of course, you will have various Bots out here with their agendas

7% mortgages, 10% car loans, credit cards all-time high average 22%., Macys just jacked up its card to 34.49% .High prices, high rates is a toxic mix for the working class, retirees!

Dont miss the boat on Weewus presale - its now or never.

A bag of lays chips is now almost $4-5 per bag what are you talking about

It's actually pretty simple folks! As our debt loads continue to increase; We stifle our ability to grow our economy and our GDP declines ! Japan has been in a depression since 1989 and finally (after 34 years) is breaking even. I submit that the US has been in a depression since 2007 (a depression is when your growth is depressed and continues to decline) with our GDP in a downward spiral since then. Sorry to break the news to you!

Stiglitz, the same guy who backed Venezuela’s economic policies when Chavez was in power, wouldn’t trust him even with a lemonade stand

a Nobel prize winner whose argument is based on theory rather than the facts experienced by working class Americans.

So out of touch. Should be zero inflation. Less government spending,no money manipulation. The key to the 90s was low spending and low debt. The government and the financial sector are the 2 biggest parisites in the economy.