David Rubenstein, the co-founder of the Carlyle Group and host of “Leadership Live,” joins “Influencers with Andy Serwer” to discuss whether the stock market can keep climbing, who will win the U.S. presidential election, and why private equity gets a bad rap.
#DavidRubenstein #CarlyleGroup #stockmarketrecession
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Thank you. An honest and correct view in my opinion.
Really, how Americans ok w over 100k deaths because they want to get back to pre-covid activities. Sad and difficult to accept and understand
Nobody is OK with deaths of 100k. Maybe you think its better that I die in my house from starvation? This is a world wide problem.Things like this have happened for 1000’s of years. Some things never change.
Scott Howard exactly.
what are u talking about? My portfolio is up 18% YTD. I bought the dip today: Microsoft, Alibaba, Google, Facebook, Twitter, Alteryx, Adobe, Wells Fargo.
It’s way better to have a stimulus instead of layoffs.
Who cares about debt, WWII hasn’t been paid.
yes it has
We need more stimulus to avoid a depression.
nomore stimulus! more stimulus will only postpone and make it worst!
@j real It’s way better to have a stimulus than unemployment.
Those deaths numbers you mentioned PALE in comparison to 600k deaths a year to heart attacks, another 600k deaths due to cancer, etc. So stop trying to manipulate the market so that you can swoop in and buy stocks up cheaply.
This guy is lost.
Rubinstein is just another schmoe having accomplished nothing but taking money away from people who need it to amass wealth for himself. And FYI, a not so secret Trumpster. We wish to hear from this jerk no more. Thanks.
I think the market fraudsters have automated modeling to the stock market all along, and now they conveniently forgot to add real-life occurrences, like a pandemic.
pandumbic 🤪
@sadigov Wow, that was really witty, you must have went to Harvard.
Joe Plumber Yale, like Dubya. He is also witty like myself.
It’s because of the FED increase in money printing and yield curve targeting aka buying gov bonds
How are you dear friend
Sir I like u
“We can’t be printing unlimited amounts of money.” Wrong. The Fed can continue to print digital money until the cows come home. The entire interview was a collection of platitudes heard time and again from run-of-the-mill financiers.
And then the cows come home
@Tom R “as long as a government issues its debt in currency it can print, it can create inflation, but not economic collapse. Its when the debt is in someone else currency that creates the problem. The fed has no such problem” Charlie Munger speaking with Warren Buffett 2009. So the cows will not come home. You and I will just suffer great inflation.,
@Stock Trading i wont cause i dont hold dollars and rather not be paid in them
Stock Trading the cows will come home when foreigners dumb their US dollar “assets”.
Stock Trading when was the last time we seen significant inflation? Not since the 70’s even after all that money printing during the Great Recession.
Quite interesting, But i will still stick with Mr Bob Stephen because even in the toughest of times he still deliver on time on my ROI, investing with him especially during this tough pandemic period, he still knows how and what stocks to trade my investments for me
Here I thought I was the only one earning consistency with his trading system is good to see all these positive comment about him Mr Bob is really a great mentor when it comes to stock market
Understanding the market is very difficult when you have limited knowledge, after i saw the profit my friend made in a month trading with Bob strategy i also tried it, I made my first withdrawal of $50 000 with the help of bob
Bob daily signals has been of great help to me and very profitable… And look forward to another successful trading session again 🔥
Mr bob is really a good man everybody is talking about he’s good work, honestly that guy is awesome his strategy is always successful
I can’t stop thanking my buddy for the great encouragement he gave to me toward investing with an expert like bob
more people like Mr bob would make this world a better place
this guy makes my skin crawl.
Why though?
WHEN I SEE THIS GUY REMINDS ME OF HIS ANCESTORS WHO CONTROLLS WALL STREET ,GAMES AND TACTICS THEY USE TO GET RICH AND STEAL PEOPLE’S Money creating fear and panic in the market to shake weak hands
Exactly he adds little value unlike Dorsey.elon musk etc
Buy and hold ,keeps money out of their pocket and in yours. The book Buy side -by Turney Duff, tells why small traders always lose.
This guest seems to be those business person whose soul has long been corrupted by too much money and whose view hardened by too much cold-eye objective analysis. Being pragmatic and centrist, to them, is not principled choice; rather the best position for self-interest and for least opposition. In his eye, he has no qualm at all concerning Trump’s malevolent and lawless leadership. He sounds like there is no iota difference either Biden or Trump win in November. He sounds like others sufferings are merely an acceptable fact or reduced to statistic record. I just cannot stand his way of reasoning. Sounds so horrible to my ear. Too much money can make people ugly, which they themselves may not even be aware of.
That’s called being rational. If one have serious problems with problems, he/she should leave everything they are doing and solve those problem like mother Teresa Teresa did. YouTube commenting is so easy.
Positivity or delusion is at play today. There’s definitely a disconnect across the board that is downplayed to help keep things afloat. Not feeling good about any of it!
You are all delusional. It’s all dumb luck and gambling. You know nothing.
Or possibly he lives a good life so Gods rewarded him.
I bought Facebook, Microsoft, Alibaba, Google, Twitter, Salesforce, Adobe, Alteryx, Wells Fargo.
The stock market goes up in the long term because it takes 2 steps forward for every 1 step backward.
Cash is trash, it loses out to inflation.
happy coid to yoooouuuuall
Too old white men talking about money, what’s new?
Be gone boomer buy my Tesla stock from me for 10k
ENRON + THERANOS + WE WORK = TESLA
@Dominic Merlo you nailed it. Let the fools suffer their fate.
@Dominic Merlo brutal
David said “not to invest now, too much volatility” .Where do we put our money in a 1.5% 30 yr bond No Ty ,My SPY has a higher dividend.
Bitcoin
This is the period to hold cash/cash equivalents. Relax you greedy bastards.
The LA Dodgers Lakers ,took a loan designed for the needy.
Cuz BLM
To turn income inequality around, IMHO, the first step is GREAT education not only for K-12, but making higher education virtually FREE for anyone willing and able to do the work. Rather than building up public schools, funding is being directed toward PRIVATE education, furthering disparity. The rich can afford private primary education AND higher education. This has, historically been the ladder out of poverty… the means of pulling one up by one’s own bootstraps. Eliminating good education, cuts off access to personal upward mobility, not to mention the value to our society and country as a whole.
10 years SPY is climbing 10% per year and our economy is declining in the same period.. Uncle, please wake up and see this disconnect has been existing forever.
I am poor and have no resentments on any successful people, Rubenstein is an inspiration as an interviewer and investor. Nothing wrong with knowing how to make millions, let’s do the same and stop hating… LOL
Unfortunately, the way to get really rich is to make sure that tax laws are written to benefit the wealthy. That is what ‘political contributions’ are used for, to encourage politicians to write laws that allow people like Jeff Bezos to not pay any taxes. Do you think this is a good thing? You do not get rich by being nice or honest. Do you admire criminals, as many Americans do? Wealth is fine, but not when extreme wealth disparity causes social instability.
😇
Dave Rubensteirn should know there is almost always a disconnect between the stock market and the underlying fundamentals! Nothing surprising going on here, emotion can never be taken out of the market, and the wise investor must learn to navigate around it, making his own evaluations of what companies are worth.
So sad. what a lost soul he is. donating to absolute rubbish. Hey David, I need a brick wall that commemorates George Washington, its just the 4 sides of y house, u in?
Rubenstein….gave back to society. So proud of the BILLIONAIRES.
44 MILLION working poverty wage jobs.
Report BLLOMBERG 12/14/2019.
That’s less than $18,000 yearly. I made that working at a UNION SAWMILL driving a forklift in 1982. Ya, 38 years ago. Plus I had full healthcare insurance, no copays, no deductibles.
U.S. is a BILLIONAIRES playground, worship them. Get on your knees.
what do you mean it’s not easy to solve wealth inequality? raise rates to 5%, stop focusing on the wealth effect, and that should do the trick
7:00 he clowns people here…
Preaching Covid19 F.E.A.R.
“I wanted to have my own tv show on yahoo finance” lol
Jimmy carter..??? WTF
This guy is a quack!!!!
A fools errand….lol
if you are giving away money, I’d put it to good use, but regardless god bless you for being a good mench
Hi Mr Rubenstein, Please give me your money if you have any spare and want to give it away, I promise to use it wisely. Thanks.
1000 deaths a day from Covid-19 in the US is now acceptable … that means there will be 153,000 more deaths in the US before Christmas (or Thanks giving) … So no need for 300,000 families to set places at the dinner table. Let that sink in.
PPP, if Private company can take care of their employee’s pay check in this time, than why Publicly traded companies can;t do it, stop gouging by CEO, CFO, all directors and making crazy M&A.
how about the workers worry about their health and shitcan expensive health care
The great American lie : people are poor because they dont work hard enough (look at the 1 % whom have climbed the ladder and succeeded). Meanwhile other countries lift their people out of powerty by giving them what they need – healthcare, affordable housing, living wages and education. When basic needs are covered (socialism), most people work hard and are able to buy what they want (capitalism).
prices are too high for healthcare .You should know why and say it.
Boom roasted
Don’t forget to mention how boomers were evil and robbed millennials. Everything for them inflation adjusted was much cheaper. Entry to good jobs was easier: required little or no college and didn’t involve intrusive background checks. They had interest for their savings accounts. The asset bubbles were inflating as they retired, so they could sell the bubble to millennials. Boomers were despicable
Wrong same average death rate this year compared to the past 10
And the last estimate of the Black Death in the Great Courses series is 80 out of 150 million dead. Most of them In six to eight years in mid-1300s. I don’t think they saw it as banal. We are far enough from that to say things like, the banality of death.
If the stock market is disconnected from the economy, does that mean that the stock market is rigged? Manipulated?
The difference between the equity market crashes now and then is that our economy is sooo far tied into global markets that even if the US loses workers and customers here there are still those resources in other countries so therefore the US companies can continue to function. Obviously this only works for companies that are independent of physical locations to work which is mainly tech companies since work can be easily transferred to remote locations whereas a retail store requires its work to be done at their location. Additionally, companies (mainly tech) don’t need US citizens to be their customers anymore. If you think of Tesla, they are on track to sell more of their cars in China than in the US. One more point to consider is automation. With automation there is no need for US workers or any workers at all which greatly increases profit margins so it may also be a reason as to why equities can surge even while US economy tumbled.
@Dom Stepek Thank you for that explaination.
Fake COVID 19 Data, Fake Plandedmic. Government “health department” is going to “protect” you by shutting down your business and eliminating your job. Now the have a “life saving” vaccine for you. Do you like that? Wanna sign up? Do you believe their “science”?
He’s always an interesting interview. I guarantee he’s not a Trump voter! Sell equities now! I’ve done great with gold past 5 years. I sold my silver postion about a month ago. Doh!
Aben Resources Inc (ABN) , Artemis Gold Inc (ARTG), Fortuna Silver Mines (FVI). Physical gold and silver.What are your favourite mining stocks, can you have a YouTube talk about which mining stocks and why?
People like him are more dangerous who can’t take any stand and speak truth. It’s not about taking side but to tell what actions taken and their consequences are happening now!
The Corona Virus is the pin that popped the debt bubble. Too many leveraged Longs have caused Bitcoin & Gold to dump to great prices for us. Accumulate these cheap prices, you will thank yourself in 12 months for doing this. Its these times.. that true wealth is made. 90% of people are selling out, so you take the other side.I still plan on buying a little bit more Btc in the next couple days. I have exactly 14 BTC left on my Nano. I am indeed grateful for the services of Mr wilson philip whose trade patterns have been the secret behind my huge cash out on bitcoin trading. I have strong faiith in hiis strategies and he can also help you make huge gains from trading. Y’all can reach out to him through His * Mail *(inwilsonphilip009@gmail. com)” or Whatsapp +1 (941) 531-1304
Dude wants to take grandmas social security and wants to brag about his personal charity. No thanks.
Man realizes he wasted his life in an airport watching CNN and sitting by crying babies.
Ha Ha Ha
David Rubenstein 👏👏👏
You are asking a PE guy whether PE-backed companies should get PPP loans?
Maybe if Rubenstein paid taxes, he’d not look like a hypocrite when saying the poor get no mo’ cash. Billionaires are now an unaffordable luxury, that the world cannot afford to keep paying for.
Duuhhh ddduuuuuhhhh How’s the country gonna work when everybody’s poor I wonder how that happened O wait all their salaries are in my bank account from the last 40 years
You’ve given the world to the communists to line your pockets after so many lives were lost fighting totalitarian communists hope the table scraps you’re throwing out help
Well, Mr. Rubenstein,
in an attempt to hit the nail on its head, the economic system we call capitalism, needs proper governing, primarily done by 3 things; the markets, corporate hierarchies and reluctantly speaking, the state…
eventhough, the state is looked as “the last resort” regular, it may do exactly what private ownership might, including running entire sectors of the economy and or carrying on an enterprise in accordance with the state’s strategic interest..
it is what it is… simple and successful.
people who are illiterate in economics, atbest will rely on their suspicions oriented mode of thinking, i believe the technical term is hermineutics of suspicions?** it is where one looks to see how certain metaphysical systems were arranged inorder to benefit the governing body or the royalty of the midevil times..
nobody really knows how it is all regulated… and that makes me sad.
mind you, i was all three at once…oh what a nightmare it was
Trump is busy selling the wrong medicine to his followers
He’s way too easy on Trump.
What do we do about income inequality? UBI.
Work harder and don’t take drugs
Somehow it feels after all people are still afraid to die. That has not changed. There is slight difference between killing someone like nazis did than to get killed yourself. If only solution is lay off a worker in case of crisis and that is the assembled mechanism then it immediately backfires into economy. He has no more money to run engine. But if there was European style protection simultaneously for both employer and employee it would cushion the drop greatly and would give administration time to bake a solution. Now all cushion Americans have is the philanthropy which is no good longer term scenario because those foundations will gradually develop into corporations themselves.
This is the kind of person you don’t have to listen to at this point if you’re a long time investor.
This fellow got rich and never provided a product or service…. are any of you starting to understand it? He’s a money pusher who lived during declining interest rates…. He is no Henry Ford. Warren Buffett has done what to contribute to society?
3k in the world trade center, 5000 in iraq, 3000 in afghanistan, 110k in WWI,
why doesn’t he mention 70,000 a year for the flu?
and over 600,000 for cancer
See the Economic Club interview with the NBA commissioner? The NBA promotes social media – Unless a player criticizes CHINA! Hypocrites. The NBA should move to China and witness human rights in person. Those Peaceful Protesters disappear. BLM? Nope – All Lives Matter. Adam Silver panders to China like the Democrats do to black people.
Good to hear David out !
FED money is flushed into all asset classes.
Entitlement programs ? How about cutting the War Department ?
Entitlement programs is a propaganda term. Entitlement programs are corporations. They just invert everything from the reality.
welfare state
What a Yiddish blowhard
Oh my goodness I did not realize we have more people dying from the virus (162k) than WWI (110k). That’s eye-opening, thanks for reminding us of the severity
Trump and republicans wanted too change the 600$ a week that’s the main
problem here The democrats wanted too leave it the way it was, trump
can’t get frustrated when it’s Trump /republicans fault they stopped
stimulus, reduce unemployment from 600 to 400 and all financial gains.
This looks really bad for trump when your trying to get re-elected trump
should make it 700 and say he topped the democrats offer then he might
get reelected.
All guesswork. These guys are spouting theory. Nobody knows what will happen or how quickly the tale unfolds.
US dollar losing reserve status is the biggest story – it is closing in – the plandemic protocols are there to manage the decline.
What is a Plandemic?
He’s a billionaire but yet seems like he just found out there’s such a thing as the internet. One of his goals is to have a show on Yahoo Finances when he could just invest and start a successful show on his own YouTube channel and says he spent a lot of time flying to figure out there is internet and he could have done most of his meetings online. I mean, I have a lot of respect, but the world has been through many financial crisis and after this one people will suddenly start caring more about their health and their emergency money? It’s a cycle, people lost everything in 2008 due to their credits and started getting new credits as soon as they could… It doesn’t seem to me like anything is going to change regarding that…
You could help people in mobile home parks most of them are very hard working and take care of their places they have to deal with land owner who always raise rent and some places have bad drinking water , flooding issues ,poor maintenance, and they run the parks down then pull out leaving the people devestated with no place to go these people have worked hard all their lives when their children are grown they sell their house move into a mobile home park because they think it will be low maintenance and easy living nothing could be further from the truth all it is stress and these are the people who can’t afford it so maybe you could help those people .
Who in their right mind would ever take a cruise?
China Communist Party lies, American are dying. CCP must pay for such big loss of the whole world!
David Rubstien is he on drugs or what. The recession has just started and we will be in it until 2028. Turned off after 5 minutes and of BS. CNN fake news. The FED can’t carry on printing. Lol
Sardines in Oil and some Sports Cards , you know always Buy Gold and Silver when you can , I buy
Old Computers as I can sell them either as a Working Vintage or for the Scrap Gold Value witch I
never had to do yet as the Working Vintage Computer is always worth more than the Gold Value .
Gonna have to sell at some point unless your in for a possible correction. But maybe you know how to play it. Good luck.
David is great
Check his interviews. Nothing but a repeat chatter like a parrot. All scripted lol
All interviews and news from the west are scripted.
“Cut back on entitlements”? Yes, should have cut back corporate welfare many moons ago.
22:11 some good predictions
A fool’s errand?
I still haven’t received the Tax Lein Certificate for the 2+ Trillion you squandies have saddled my grandchildren with, really?
The RNC fundraising dept. called today, wanting more, seems they are competing with the ex-women of my life, with a feminine voice I heard, more, please??? Funny, how women work? They try to give ya a dose of herpes during the active relationship when that fails, they always still want more money, always, always. Not to mention the place in Hawaii County.
Oh hey! You are looking to give away some money. It so happens that I am looking for a lot of money! We are on the same page.
lol the nerve of this guy to cry about entitlements when they are paid for unlike tax cuts to the rich and corporations…. the working class dont have billion dollar trust funds to rely on like you asshole… epic fail from the government throughout this crisis.
Lies!!!
Too bad the banks didn’t have enough cash.
Housing will collapse soon, just matter of time. Grab your share of ASPS before market crashes for 10-15x !
Moron doesn’t even know the definition of a depression. lol
This guy is the enemy…. We have a death rate of .0002% among healthy people. He needs to be quarantined in Cuba get rid of this idiotic moron