What’s Next For The U.S. Economy: Michelle Meyer

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Michelle Meyer, Head of U.S. Economics at Bank of America Merrill Lynch, says the economy is entering a “healing phase” after the initial shock from the coronavirus pandemic. She explains how some inflation would be a good problem because it would reflect lower unemployment and higher purchasing power for consumers. Meyer says monetary and fiscal stimulus have helped drive the stock market higher while also boosting the real economy.
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What’s Next For The U.S. Economy: Michelle Meyer

КОМЕНТАРІ: 349
@CNBC
@CNBC 3 роки тому
Do you agree with Michelle Meyer? Is there someone else you’d like us to interview for What’s Next? Subscribe to CNBC and let us know what you think in the comments below.
@baysidegreg
@baysidegreg 3 роки тому
I think at the end of the day there’s nothing fundamentally wrong with the US Economy right now and any wounds to the economy are inflicted by our reaction to Covid. If there’s 1 thing I definitely really agree with it’s that we need to focus on expanding the middle class. Encourage people to save more and not just for retirement but to invest in a business. Small business is the backbone of a healthy middle class and we need to do everything in our power to encourage risk taking in this area.
@hwadeiv
@hwadeiv 3 роки тому
I disagree with her not being worried about the FED spending massive amounts of money on corporate bonds because that makes credit easier for businesses to get which will increase overall risks, because when you run out of good businesses to lend to, you start lending to more risky companies, these companies mostly spend their money for stock buybacks, artificially inflating their value, which is why the 3 indicies have recovered since March and Americans haven't.
@zampy15021993
@zampy15021993 3 роки тому
@iqbal sahibil You put there Pakistan, but not Russia. The powers here are US, China and Russia. Pakistan is Islamic by constitution right? The developed world is moving away from religion, there is a serious problem of integration (and human rights sometimes) when dealing with Islamic countries.
@zampy15021993
@zampy15021993 3 роки тому
@@baysidegreg Small business in most sector are the past. You can dream as much as you want about the good old times, but the truth is that whatever can be scaled is generally more efficient, thus cheap, thus competitive. Example: most people actually wants Amazon, they don't really care about it's employees (which will eventually be substituted by robots). The future is big corporation, so you better start to rethink society because i expect a lot of influencer, content creator, and so on as there will be not much to do. Just wait full automation of storage and driving and then we'll see.
@heidijanuary3286
@heidijanuary3286 3 роки тому
I dont agree with her regarding the FED policy.The FED has basically propped up the stockmarket and rewarded companies instead of looking out for the ordinary person, much like a Ponzi scheme.She is obviously part of the business community which could care less about the plight of ordinary people who are really hurting..
@Chief_Eagle_Dropping
@Chief_Eagle_Dropping 3 роки тому
She is insane.....there is no "healing" that is going on. The majority of these horrific decisions have not even raised their head yet
@MrKongatthegates
@MrKongatthegates 3 роки тому
She works for Bank of America giving economic forecasts. Maybe she knows what she is talking about? Maybe? Banks can afford to hire smart people. Lets hope shes right if you own a home or 401k
@Chief_Eagle_Dropping
@Chief_Eagle_Dropping 3 роки тому
@@MrKongatthegates Fair enough, I am a not an accountant, but I am an Engineering Manager in the Oil & Gas industry and I see it and other industry crumbling around us. I had 145 Engineers working for me in March, the number is now approx 45 and dropping. Just passing along what is forming my position with what seems to be getting far worse
@MrKongatthegates
@MrKongatthegates 3 роки тому
That does sound bad. Hopefully most will be back before too long...
@aaronstone6183
@aaronstone6183 3 роки тому
Most of these ECONOMY EXPERTS don't even have an MBA, have zero experience in Market research, finance and accounting. These morons don't even know the fundamentals of market. These are just wannabes, who get coverage coz of these moronic News channels.
@lppoqql
@lppoqql 3 роки тому
@@MrKongatthegates I dont understand why an Asian man would be cheering for America? Aren't Asian men castrated by American media and Asian women stolen from them??? LOL
@economicsinaction
@economicsinaction 3 роки тому
Money printer goes: "BRRRRRR"
@InsulaPecuniae
@InsulaPecuniae 3 роки тому
iqbal sahibil Keep dreaming 😂😂
@RubenTrucks
@RubenTrucks 3 роки тому
bruh nailed it
@akshat20021996
@akshat20021996 3 роки тому
@iqbal sahibil funniest thing I heard today.... Pakistan?? Superpower??? LOL
@CommandoMaster
@CommandoMaster 3 роки тому
He's Middle Eastern so of course he wants to win!
@GRIIMMJAQUES
@GRIIMMJAQUES 3 роки тому
@iqbal sahibil 😂😂😂😂
@k.h.6991
@k.h.6991 3 роки тому
To call this a 'recovery phase' seems optimistic.
@knight78906
@knight78906 3 роки тому
There's a whole series of bank failures a la what happened during the Great Recession that have yet to unravel. Did everyone forget about derivatives and leverage? And how could there not be, millions of people not paying their mortgage, rent, and credit card payments and persistent sky-high unemployment? The economic pain is still nowhere near the climax.
@edrader
@edrader 3 роки тому
definitely we are just at the beginning of the decline. you do not print your way to prosperity
@FinancialShinanigan
@FinancialShinanigan 3 роки тому
My money printer went brrr and now I'm in jail.
@thetreekeeper143
@thetreekeeper143 3 роки тому
Yes, the chinese government will do that to you. But its young chinese like you that can make a difference by standing up to the communist regime.
@holyland6380
@holyland6380 3 роки тому
Inflation is a tax that hurts the poor and middle class. It helps rich people who have lots of assets and properties. Inflation exacerbates wealth inequity. Inflation is bad.
@Pyrrhic.
@Pyrrhic. 3 роки тому
Deflation hurts poor and middle class more because debt because more expensive to pay back not to mention less jobs out there. The rich will benefit from both inflation and deflation. In all honestly, the rich will always benefit regardless of policy. In order to help out main street, policy makers have to help wall street. Look at the unemployment benefits and the $1200 stimulus, alot of that money flew up towards the rich.
@MrKongatthegates
@MrKongatthegates 3 роки тому
Wage inflation is good for workers but bad for savers
@holyland6380
@holyland6380 3 роки тому
@@MrKongatthegates Wage inflation is a tactic used by developing countries to create an illusion of progress. In reality, they wage increate can never catch up with inflation and their quality of living keeps deteriorates. That's only to make the working class feel good while taking advantage of them.
@nikolaykostadinov7108
@nikolaykostadinov7108 3 роки тому
Yes, inequality is a big concern. But printing money to pump up stock prices feels so much more important, right now...
@pietrofelix9497
@pietrofelix9497 3 роки тому
I'm convinced at this point if every major US city got nuked, the stock market would still go up.
@joh_manni7903
@joh_manni7903 3 роки тому
Was just about to invest in an ETFs and now I'm told it makes be a leech.
@r.r.2525
@r.r.2525 3 роки тому
For one, ETFs make it possible to build a diversified portfolio with relatively good investment amounts and perhaps it has a number of features that can make these investment vehicles ideal for young investors with capital to invest.
@r.r.2525
@r.r.2525 3 роки тому
@jeremy brown ETFs are ideal for investors because of their many benefits, such as low expense ratios, abundant liquidity, range of investment choices, most especially diversification and so on.
@spec9263
@spec9263 3 роки тому
@ Robert, Are ETFs safer than stocks?
@danielschmider5069
@danielschmider5069 3 роки тому
"Can we print our way out of this?" Not unless the people think we arent absolutely scamming them CNBC: "Hold my beer! I got this"
@dantatadangote4700
@dantatadangote4700 3 роки тому
Where did this economist get her degree from? This is the most out of touch I've ever seen CNBC be. Wages have not caught up to inflation since 1972. The trillions of dollars the Fed dumped into the stock market benefits only big corporations. Do these people even know a single one of the 80% of Americans who don't own stocks, or the 40% of Americans who live paycheck to paycheck? Bank of America, Wells Fargo, Lehman Brothers, Goldman Sachs etc should be excluded from conversation that deal with "regular Americans. SMH.
@anthonyz9197
@anthonyz9197 3 роки тому
Have wages ever surged? I'm pretty sure wages have been stagnant since the 70s.
@MrKongatthegates
@MrKongatthegates 3 роки тому
If Inflation surges wages will have to surge as well
@HH-bh8wq
@HH-bh8wq 3 роки тому
@@MrKongatthegates Wage go up, I profit less, so I hire less.
@DhrubajyotiRaja01
@DhrubajyotiRaja01 3 роки тому
@@HH-bh8wq ...if Wages would go up...then you have too raise price of your service too...thus you can profit as before... There's a curve name Philips Curve which states that most time Unemployment and Inflation have a inverse relationship...and this curve has been very consistent and few exceptions like Hyper Inflation..You are Watching videos on Economy but doesn't know the 'E' of Economy....LMFAO....
@HH-bh8wq
@HH-bh8wq 3 роки тому
@@DhrubajyotiRaja01 not every consumer can afford your 15 dollar pizza when it use to be 10 dollars. guess they didn't teach you that in your econ class?
@saulgoodman2018
@saulgoodman2018 3 роки тому
Another day, another What’s Next For The U.S. Economy video? It's getting old. They all say the same thing everyday.
@HackHunter1835
@HackHunter1835 3 роки тому
I want to give a hugg, there is so much bubbliness in this conversation that i'm seeing rainbows and unicorns.
@1gr8chef123
@1gr8chef123 3 роки тому
are you high???
@danOH112
@danOH112 3 роки тому
Everyone: The economy is on fire! CNBC & BOA: Don't worry, a fire is actually a good thing. I feel bad for anyone that takes this interview seriously.
@CondenseFact
@CondenseFact 3 роки тому
The Fed bailed out the banks time and time again using taxpayer money. What else do you expect her to say? Inflation/deflation is a natural economic correction mechanism. Inflation during times of growth acts to cool the economy so it doesn’t overheat. Artificially injecting inflation into the economy in times of weakness when deflation is necessary to encourage spending is doomed for failure. I’m sure the economist knows this, but not stating it makes you wonder how she became head economist at a bank. As to WHY they try to spin this... you be the judge.
@CaseyBurnsInvesting
@CaseyBurnsInvesting 3 роки тому
We shouldn’t be asking an economist what’s next for the economy we should be asking The Federal Reserve.
@camerontaylor7471
@camerontaylor7471 3 роки тому
Okay do you have the contact information for the SAUDI ARABIAN ROYAL FAMILY?! ... I mean they are the ones who own the FEDERAL RESERVE.
@lewis7394
@lewis7394 3 роки тому
cameron taylor hows that?
@gregparrott
@gregparrott 3 роки тому
I'm a newbie to this. Do you know what the distinction is between monetary and fiscal policy?
@jhtrico1850
@jhtrico1850 3 роки тому
I’m selling my house at an inflated price, it’s not working so far.
@lextacy2008
@lextacy2008 3 роки тому
Depends on who's doing the inflation.
@Joelo26
@Joelo26 3 роки тому
What is not to love about carrying your milk money in a wheelbarrow? #sarcasm
@kasseen
@kasseen 3 роки тому
Debit cards wont increase their weight, my guy lol
@gabrielschultz89
@gabrielschultz89 3 роки тому
@@kasseen LOL
@meegz149
@meegz149 3 роки тому
Dom Joel one would think after 2008 that inflation is not so easy to create. Inflation stands below 1%, we're in a deflationary period. I love all these people who trot out economic theory that has been borne out. "Omg Weimar!" "V-vEnEzUeLA!-"
@merc7paul
@merc7paul 3 роки тому
Use your credit card like a normal person
@meegz149
@meegz149 3 роки тому
@@merc7paul People aren't immortal nor do they issue their own sovreign currency. After decades of seeing the defecit go up you would think people would be like "maybe I should question my assumptions."
@MylesGmail
@MylesGmail 3 роки тому
The host smiles all the time
@meh8099
@meh8099 3 роки тому
She isn't worried about a bubble and she doesn't think there is a bubble. Ok she cannot be taken seriously 🤣
@jeremiahblake3949
@jeremiahblake3949 3 роки тому
There is always a bubble The only question is where
@meh8099
@meh8099 3 роки тому
@@jeremiahblake3949 she is living in a bubble.
@Striker50_
@Striker50_ 3 роки тому
"HEALING PHASE" 😂😂😂😂
@sdtimeless
@sdtimeless 3 роки тому
This seemed so much longer than 10 minutes
@BrianDotHaugen
@BrianDotHaugen 3 роки тому
Fantastic questions! Those are all the things I would have asked. Thanks!
@p4olom
@p4olom 3 роки тому
J. Pow goes: Brrrrrr
@sumitomoO0O
@sumitomoO0O 3 роки тому
We need to follow Zimbabwe and Argentina into prosperity
@jeremiahblake3949
@jeremiahblake3949 3 роки тому
In the all new American show who wants to be a trillionaire?
@nathanielcarreon5634
@nathanielcarreon5634 3 роки тому
lower unemployment and higher purchasing power ,ridiculous
@CareyMoulton
@CareyMoulton 3 роки тому
Supply chain disruption, protectionism can drive local prices higher, which is inflationary Supermarket shelves are not as fully stocked as before the pandemic, continued shortages will lead to higher consumer prices, when these higher prices are reported in the inflation statistics, how will the Fed react to that?
@---bk2hj
@---bk2hj 3 роки тому
Excellent
@lotterymax6690
@lotterymax6690 3 роки тому
good stuff
@melancholy2024
@melancholy2024 3 роки тому
Screw Bank of America
@auro1986
@auro1986 3 роки тому
why cnbc couldn't give this economist a nobel prize like others?
@rileydavidjesus
@rileydavidjesus 3 роки тому
How much is too much? Are we going to start wallpapering our walls with dollars?
@Cpnweze
@Cpnweze 3 роки тому
I'll say this it should be illegal for banks to offer interest less then the current inflation rate. Yet leverage the money in personal accounts for high yielding personal and business loans
@franklingarcia4712
@franklingarcia4712 3 роки тому
Inflation would be a "Good Problem" for the banks as the Federal Reserve should be forced to increase the interest rates and then, benefit the banks
@gogoleateeste9630
@gogoleateeste9630 3 роки тому
Yes, I want the opinion from someone whose career move includes let me see what I can do after Lehman Brothers
@gregparrott
@gregparrott 3 роки тому
I understand the expressed rationale for perceiving some inflation as being good. But, aren't interest rates closely tied to inflation? If they are, then given the gargantuan deficit, I would think the need to reduce debt service overrides benefits from inflation.
@MrKongatthegates
@MrKongatthegates 3 роки тому
The federal reserve sets interest rates. They have the ability to cause inflation but their mandate is price stability. Same as 2008
@rathyummycookingvlogs9671
@rathyummycookingvlogs9671 3 роки тому
Hello.
@stephenljk
@stephenljk 3 роки тому
I don't get it, she just said "some inflation would be a good problem because it would reflect lower unemployment and higher purchasing power for consumers", isn't inflation should by default lower purchasing power? As for whether if its good for consumer, tell that to those that just lost their job.
@xXKillaBGXx
@xXKillaBGXx 3 роки тому
You’re trying to make sense of the Jewish mind.
@hwadeiv
@hwadeiv 3 роки тому
So you are right about inflation decreasing overall buying power, but she is talking about what has to happen before inflation can take place. In order for inflation to rise, you would have to have a sharp increase in consumer demand to cause that inflation. If that's the case this means people have more buying power and that indicates wages are rising or unemployment is falling.
@MrKongatthegates
@MrKongatthegates 3 роки тому
You cant get sustained inflation without full employment. How would that work? Inflation is caused by economic tightness not all kinds of slack. Prices should be cratering if anything
@elcarameloso1
@elcarameloso1 3 роки тому
Currency printer goes Brrrr... If it were real money what we use, the printer cannot go Brrr. If currency printer is sad, banksies are sad (or any holder of huge and bad debts)
@chinabill379
@chinabill379 3 роки тому
Bless the kind American People🙏 I am a youtube-r from China.
@birsingh5388
@birsingh5388 3 роки тому
Was UKposts not ban there?
@gregparrott
@gregparrott 3 роки тому
I thought China's government blocked its citizens from accessing western media. But, perhaps you are innovative enough to bypass their blockade. I hope that relations between China and the U.S. will improve. At a minimum, that will require voting trump out of office ( a place he was never fit to serve).
@hopeborgmann6905
@hopeborgmann6905 3 роки тому
@@gregparrott if he leaves we are going to become like China
@duckmasterflex
@duckmasterflex 3 роки тому
@@hopeborgmann6905 you're saying the guy putting secret police on the streets to quell civil rights protesters is not making the US like china?
@sass4519
@sass4519 3 роки тому
'Inflation will cause unemployment to drop and wages to pick up'......the stock market is inflated, the housing market is inflated and this is during a disinflation period. When the job market recovers , expect both the equity markets and housing to be completely out of reach for middle class. And as far as wage growth , you are living in a spreadsheet if you think there is any meaningful wage growth even in the last cycle.
@ronaldronald8819
@ronaldronald8819 3 роки тому
Many red flags. But i like the shades of optimism that she mentioned.
@ItsGivingBrandNew
@ItsGivingBrandNew 3 роки тому
Oh that's what we need after a pandemic with people out of work... That'll bring the economy back. #genius
@mickygarcia4251
@mickygarcia4251 3 роки тому
Michelle Meyer has a really complicated way of saying... I don't know what's going on, but really I do, but I'm well paid not to say it. #ladyboss
@pcraig1383
@pcraig1383 3 роки тому
Interview Stephanie Kelton or are you afraid CNBC?
@ElTimotoQIK
@ElTimotoQIK 3 роки тому
Inflation would reflect the increase in purchase power???? Are we in the 60s or what?
@MrKongatthegates
@MrKongatthegates 3 роки тому
Of course it would. When you measure inflation you include wages in the calculation. Inflation is mainly caused by firms fighting for workers and paying them more money, who in turn bid higher on real estate and goods. If people are broke and unemployed you just wont get inflation.
@jeremiahblake3949
@jeremiahblake3949 3 роки тому
@@MrKongatthegates that would only be true if the economy was in a vacuum and if the central bank wasn't a versatile force.
@keviisleather
@keviisleather 3 роки тому
” Laughs in German ”
@alpbilenler
@alpbilenler 3 роки тому
I think we all got dumber watching this video. Its just propaganda to make us okay with the govt turning the Money printer up to 11
@farshadf9927
@farshadf9927 3 роки тому
there is an annoying background music
@benjaminehrenberg
@benjaminehrenberg 3 роки тому
Please invest in some nice audio equipment for you video interviews. Really disturbing to listen to.
@CalCaliente
@CalCaliente 3 роки тому
Lol inflation is a good problem? Yeah paying 500 for energy I can’t wait!
@bobmcbobbington9220
@bobmcbobbington9220 3 роки тому
The average american is in huge debt. Inflation is good for them, not bad. Inflation is bad for those who are holding money. Not complicated. If you don't have money, inflation, deflation...doesn't matter.
@CalCaliente
@CalCaliente 3 роки тому
Bob McBobbington that’s possibly the dumbest thing I’ve heard in my life. So you are basically saying the government is discouraging saving... and that’s somehow a good thing? In a time where most Americans earn a flat salary that won’t increase with the rate of inflation
@jeremiahblake3949
@jeremiahblake3949 3 роки тому
@@bobmcbobbington9220 wages won't necessarily increase with the rate of inflation even as prices do, therefore no it's not good for the poor
@englishbest
@englishbest 3 роки тому
Just 30 seconds dedicated to 'inequality'.
@crystalyeowchingching1036
@crystalyeowchingching1036 3 роки тому
196,000 Trillions printed, how to inflation talking rocks !!!
@Jbucks24
@Jbucks24 3 роки тому
This comment section > Michelle Meyer
@c87kim
@c87kim 3 роки тому
I wonder if the bank analysts have an incentive to convince people that the economy will grow
@vNYCblade
@vNYCblade 3 роки тому
Does anyone else feel like there is a lot of NOISE and no actual concrete information... no specifics... just a bunch of BLA BLA BLA... I get this feeling very often when so called "expert" is a Millennial... anyone else notice that???
@meh8099
@meh8099 3 роки тому
Hahaha wutt.. So devaluating my savings is good because it makes other peoples debt less?? No it isn't.
@slaytanic921
@slaytanic921 3 роки тому
This punishes savers. Maybe convert some fiat into silver / gold and keep it hidden in your house.
@chadwaynebradley
@chadwaynebradley 3 роки тому
One millennial telling another millennial they aren't worried about debt or inflation...how can anyone take these 2 seriously?
@groob33
@groob33 3 роки тому
Right?! I was literally cracking up! Totally F'in clueless.
@shastaweston
@shastaweston 3 роки тому
That's exactly what I was thinking like the tone of her voice and everything like what the hell is she even talking about lol
@swanson_
@swanson_ 3 роки тому
Unbelievable that she believes inflation is a good problem.
@slaytanic921
@slaytanic921 3 роки тому
If she is being paid 7 figures during hyper inflation, she just might be able to pay down her college debt 🤣
@akashpatel5505
@akashpatel5505 3 роки тому
The problem is the velocity of money, at current velocity, we will end up in a recession, that is what the FED is fighting. Once inflation kicks in and we are sure we aren't going into a recession, the FED can stop new QE and start raising rates.
@swanson_
@swanson_ 3 роки тому
@@akashpatel5505 We are already in a recession. Sure, printing money helps in short term but the fed is only making the inevitable dollar inflation crisis worse. Every fiat currency in history has ended in hyperinflation. US debt is already greater than our total GDP! Fed will not be able to raise interest rates to slow down hyperinflation when it begins because we can't afford to pay any additional interest on our total debt. We are at a point where fed has to print money just to pay the interest on debt 😬. Not good.
@dillon497
@dillon497 3 роки тому
Inflation would be bad it would drive up price and demand would go down
@MrKongatthegates
@MrKongatthegates 3 роки тому
The inflation calculation includes wages
@RisingStarL96A1
@RisingStarL96A1 3 роки тому
Money Printing is a bad idea, you will cause the dollar to devalue. Theres the first problem.
@rileydavidjesus
@rileydavidjesus 3 роки тому
Buy gold and silver!
@jaydee3128
@jaydee3128 3 роки тому
the people making billions dont care
@lextacy2008
@lextacy2008 3 роки тому
WRONG. Inflation still goes by demand. There is no increase in demand. In order for there to be an increase in demand there had to be a huge surge in births. Did the pandemic make tons of babies?
@rileydavidjesus
@rileydavidjesus 3 роки тому
@@lextacy2008 inflation goes by supply not demand. We live in a supply side economy not demand side.
@lextacy2008
@lextacy2008 3 роки тому
@@rileydavidjesus Correct, we go by supply side, which is in itself is why prices are high (thats another conversation for another day), but your wrong also. Supply is also not being depleted faster due to the pandemic. It is still the same. The demand and supply intersection has not changed either. Equilibrium has not changed. With those metrics, please explain how do you get inflation with ZERO change?
@samsonite8017
@samsonite8017 3 роки тому
Best thing anyone can do is just get out of the debt system forever, don't participate in debt, it is not good for humanity, learn some real skills in life, having something to do with necessity industries and not the luxury industries of life, because those are the first business models that crumble in tough times, learn how to grow your own food, fix your own car, etc, get out of the metro cities, and live within your means. It's much better on stress levels to own less or nothing and be debt free than it is to appear rich and be buried in debt, learn to enjoy living on less, you will be much happier anyways, living a less complicated, less stressful life. Also very important to love yourself and others more, give more, and be generous to help others in need when you have more means available. Don't judge others, as everyone's on their own journey and they're learning too, have faith as they will learn in due time...
@DemocraticSolutions
@DemocraticSolutions 3 роки тому
Thanks for the obvious knowledge, Ms. Obvious. It is amazing how such people get these jobs with such obvious knowledge. No mention of housing market, rental market and no mention of how the stimulus is trying to keep people from abandoning housing and its housing market impacts. No mention of how the financial market is trying to stimulate supply chains and related jobs. No mention of how to re-establish supplier base to feed this supply chain. No mention of how to solve this supply chain problem as it relates to US relation with China as major supplier. Such obvious knowledge coming from Fortune 500 employees. The reality could be that even Fortune 500 economists do not know how this economic problem could evolve with the coronavirus context. Lmao. F**kin ridiculous. Is that worth $150k salary?
@Reaper1947
@Reaper1947 3 роки тому
How can anyone in their right mind make a statement like that, she apparently earns a decent living. People can't pay their rent, buy groceries, make their car payment, buy clothes for their children etc etc etc. So INFLATION would be a good thing? WTF is the matter with these people? TheReaper!
@CarsSupercars
@CarsSupercars 3 роки тому
Still working from home?
@oliver18754oliverwarders
@oliver18754oliverwarders 3 роки тому
Two really beautiful and smart women. What is this?
@kristianutomotobing9719
@kristianutomotobing9719 3 роки тому
Inflation is the lesser devil, deflation gonna be bad. Inflation = there are transactions, people buying and selling making a healthier economy.
@91loganator
@91loganator 3 роки тому
She says a lot without saying anything at all.
@lynnettedelgadoNYC
@lynnettedelgadoNYC 3 роки тому
Your numbers are wrong.
@bannanaramaify
@bannanaramaify 3 роки тому
Dow 50,000
@Eri94
@Eri94 3 роки тому
J POW go BRRRRRRRRRRR
@CommandoMaster
@CommandoMaster 3 роки тому
J Pow took the Bear and threw it into the river.
@konstantinshapiro4968
@konstantinshapiro4968 3 роки тому
Banks want you money in the bank. What else can they say
@ignacioperez2033
@ignacioperez2033 3 роки тому
Worried about inequality and not about inflation or debt. Because of keynesianism is the US doomed
@MvTCracker
@MvTCracker 3 роки тому
Explain how paying $45 for a pizza that cost $20 is a good thing particularly now in this economy? Inflation according to Peter Schiff is an expansion of money supply and in that case you are successful. But you are destroying the value of the dollar so everyone should buy gold silver etc barter avoid taxes and undermine your efforts.
@jonnyboy950
@jonnyboy950 3 роки тому
Inflation is a hidden tax. Why would you advocate for this
@edrader
@edrader 3 роки тому
beats deflation
@jonnyboy950
@jonnyboy950 3 роки тому
Isn't paying less for goods better? Why work and not able to buy what you want and save money as well
@edrader
@edrader 3 роки тому
@@jonnyboy950 milennials don't even know what a savings account is
@edrader
@edrader 3 роки тому
@@lwcasu yep. print more and negative interest are the only tools left at the end of the road
@Mike-ux8yk
@Mike-ux8yk 3 роки тому
Wtf I love higher prices now!
@CommandoMaster
@CommandoMaster 3 роки тому
Bull beating up Bear!
@eemr8439
@eemr8439 3 роки тому
Inflation may be good but only if jobs and wages go up not by just having inflation and people are getting their jobs back. Also inflation devalues the dollar and middle class end up paying the tab by paying more taxes.
@aminallam4188
@aminallam4188 3 роки тому
Terrible solution to suggest businesses should just take on debt as a sustainable solution to a systemic problem
@MrKongatthegates
@MrKongatthegates 3 роки тому
The fed is buying the debt of huge companies with printed money at 0% interest. Wish I could get some its practically free money
@aminallam4188
@aminallam4188 3 роки тому
Joshua Lee yeah corporations... not Main Street
@chrissalley9468
@chrissalley9468 3 роки тому
Inflation is good?!?! 😂 We will see how "good" it is when the world stops accepting our debt and go back to a gold standard
@MrKongatthegates
@MrKongatthegates 3 роки тому
As long as the Fed accept the debt bonds onto its ballance sheet in exchange for cash who cares what the rest of the world does. Last I checked exchange rates vs other countries didnt change much
@MrKongatthegates
@MrKongatthegates 3 роки тому
The fed did the same thing in2008 and there was minimal inflation. Whats different now?
@tobiasrathe1382
@tobiasrathe1382 3 роки тому
@@MrKongatthegates i was about to give a long explanation about why we can't keep kicking the can down the road. However just listen to one of Peter Schiff's podcasts or any other austrian economists
@chrissalley9468
@chrissalley9468 3 роки тому
@@MrKongatthegates The difference now is that the world knows we will never be able to pay our debts. China, Russia and India have been buying gold for years. They watch our every move and they have seen us fail at raising interest rates. The mistake that America makes is assuming we can do whatever we want with no consequences. We are going to learn a hard lesson
@tobiasrathe1382
@tobiasrathe1382 3 роки тому
Futhermore i would highly recomend Mike Maloney's "Hiddens secrets of money episode 7" to get an idea of what is going to happen in the future: ukposts.info/have/v-deo/iGSQZaauqqNmrY0.html
@thereplay5929
@thereplay5929 3 роки тому
We need to go back to a gold and silver standard. That way we wouldn’t have a need for bankers and people like Michelle telling us how the economy is doing.
@tealion
@tealion 3 роки тому
Four minutes in and these people are the worst. Painting a rosy picture while the economy tanks and the stock market.inflate. Whistling past the graveyard as they say.
@imeldomarcos4126
@imeldomarcos4126 3 роки тому
This is one of the best interviewee for this current market.
@slaytanic921
@slaytanic921 3 роки тому
Hmmm.... I might be able to pay of current debts if I started being paid 7 figures instead of 6. But a loaf of bread might also cost 50$.
@zmpwins
@zmpwins 3 роки тому
Im excited for the further decline of the US economy ✌️
@andreyking2062
@andreyking2062 3 роки тому
Me too, I don't like America but America will rule the world our entire lifetime
@DhrubajyotiRaja01
@DhrubajyotiRaja01 3 роки тому
You hate USA...but consistently watching news about USA's upcoming fall...Seems like you are a sadistic person...LMAO...While your own country might be on the brink of Recession too...
@jeremiahblake3949
@jeremiahblake3949 3 роки тому
As an American I am morbidly curious about how this decline will go, it'll be exciting for sure
@zmpwins
@zmpwins 3 роки тому
Dhrubajyoti Raja Nah not constantly, sometimes i enjoy watching videos of happy cats as well.
@prxatt
@prxatt 3 роки тому
Starts question with " Do you worry...". She's great but damn, a ridiculous way of asking an economist.
@keelydavie2453
@keelydavie2453 3 роки тому
The rich stay rich by not spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich
@lulamackenzie8059
@lulamackenzie8059 3 роки тому
Good investments, Big profit Thanks to Mr Ramesh Vijay. We started working 5 weeks ago and I have made over 23,450usd. He is so Reliable in his work
@sanahemerson6713
@sanahemerson6713 3 роки тому
@@lulamackenzie8059 how do i get his contact details? i heard alot about his successes and strategies
@lulamackenzie8059
@lulamackenzie8059 3 роки тому
@@sanahemerson6713 +17072006066
@lulamackenzie8059
@lulamackenzie8059 3 роки тому
@@sanahemerson6713 rameshvijaytrading@consultant..com
@adanbooher8838
@adanbooher8838 3 роки тому
I want to thank Mr Ramesh Vijay for his trading guide and strategies since I was opportune to meet him all my tradings has been profitable, and no loss has been recorded with him.
@terrestrialaccessnetwork8456
@terrestrialaccessnetwork8456 3 роки тому
Imagine defending inflation
@husnucoban3571
@husnucoban3571 3 роки тому
I think I have a crush on elizabeth
@MrKongatthegates
@MrKongatthegates 3 роки тому
She is so hot
@anthonyrose6686
@anthonyrose6686 3 роки тому
The stock market could be facing ‘multiple decades’ of ‘deleterious’ economic after-effects, analyst warns
@Jeff-nb8iy
@Jeff-nb8iy 3 роки тому
I’m more confused now than before I watched this video. But the beautiful woman was nice to look at.
@convilleb.deleveauxjr.9351
@convilleb.deleveauxjr.9351 3 роки тому
The girl talk on the economy provided no substance for those who want serious economic analysis. Michelle Meyer is just another Keynesian. If anybody missed it during the girly talk, the Phillips curve trade off between unemployment and inflation occurred on account of Michelle wanting to see a little inflation because that means there is some employment going on. Anybody here ever heard about the Friedman-Phelps expectations augmented Phillips curve? Milton Friedman and Edmund Phelps proved that there is no trade off between unemployment and inflation in the long run. Robert E. Lucas, Jr. (1973) destroyed A.W. Phillips' curve in the short run. Then, there is the bubble economics that occured during the girly talk. I think Michelle should have a discussion with Eugene Fama (2013 Nobel Laureate in economics). Construct a graph and show me the bubble. She won't be able to. Do better CNBC.
@kelleylane8820
@kelleylane8820 3 роки тому
Steven Perry
@Djam-gh5ko
@Djam-gh5ko 3 роки тому
Why Am I listening to a Bank Of American (crook) about the economy?
@mariozaratex2
@mariozaratex2 3 роки тому
Will the working class obtain more purchasing power? I doubt it. They will lose purchasing power. With stagnant wages and more inequality than ever this pandemic has completely spoiled the United States. All working class citizens and anybody with a good understanding of economics must remember that 70 percent of the US Economy depends on consumer spending. Therefore, if the average consumer has more money in their pocket relative to prices (purchasing power) then the average economic growth will be stable.
@gordencornelius1409
@gordencornelius1409 3 роки тому
We are sick and tired of waiting..people are going hungry and being evicted. I don't give a rat's ass about the stock market. WE THE PEOPLE NEED A $600 UNEMPLOYMENT EXTENSION AND STIMULUS CHECKS NOW!! NOT LATER. NOW!!!
@kaedenwilder4549
@kaedenwilder4549 3 роки тому
Economist soo many of them.. tell me why they’re revelant??
@MJLU280
@MJLU280 3 роки тому
One word: Stagflation
@criticalthinker6485
@criticalthinker6485 3 роки тому
Buy physical precious metals and protect your wealth while being a good citizen and exiting the criminal Federal Reserve debtor dollar financial enslavement system.
@farozara5194
@farozara5194 3 роки тому
“The Bahá'í International Community regards the current world confusion and the calamitous condition of human affairs as a natural phase in an organic process leading ultimately and irresistibly to the unification of the human race in a single social order whose boundaries are those of the planet. The human race, as a distinct, organic unit, has passed through evolutionary stages analogous to the stages of infancy and childhood in the lives of its individual members, and is now in the culminating period of its turbulent adolescence approaching its long-awaited coming of age. The process of global integration, already a reality in the realms of business, finance, and communications, is beginning to materialize in the political arena. Historically, this process has been accelerated by sudden and catastrophic events. It was the devastation of World Wars I and II that gave birth to the League of Nations and the United Nations, respectively. Whether future accomplishments are also to be reached after similarly unimaginable horrors or embraced through an act of consultative will, is the choice before all who inhabit the earth. Failure to take decisive action would be unconscionably irresponsible.” (Baha'i International Community, 1995 Oct, Turning Point For All Nations)
@greenphonix9326
@greenphonix9326 3 роки тому
Crypto. Lets take the money out of the hands of corrupt bankers.
@justStardust940
@justStardust940 3 роки тому
Lol "She explains how some inflation would be a good problem because it would reflect lower unemployment and higher purchasing power for consumers" .... lower currency value = higher purchasing power??? how is she an economist, much less the head of US Econ? WtF?
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