#inflation #BuildBackBetter #Biden
Mizuho Americas Chief U.S. Economist Steven Ricchiuto joins Yahoo Finance’s Jared Blikre and Karina Mitchell to discuss COVID-19, the Build Back Better plan’s failure, inflation, and consumer confidence is weighing on the economic outlook in the U.S.
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Lol labor market is not coming back. 🙃
You mean overbearing, greedy bosses aren’t coming back.
which is why UNIVERSAL BASIC INCOME is required
Cut welfare and it’s gonna be stronger than ever real quick.
@superblonde Not while there are 3 million open jobs.
@Rosalie Thomson No one wants those abusive underpaid jobs which is why they remain open, the work is fit only for robots
Low IQ degenerate, cpi not dropping below 4% in 2022 thanks to rampant shelter inflation
The Fed always overdoes it. They should raise interest very slowly, and stop at 2-2.25%.
@CountDeMartelusIII CountDeMartelusIII True; dollar collapse incoming
@CountDeMartelusIII CountDeMartelusIII yup; Quantitative easing will/has been killing us for some time. Eventually; Russia and China will dump their dollar reserves, and our currency will hyper inflate
@CountDeMartelusIII CountDeMartelusIII The big risk for Powell is his wall street buddies but in the end, the middle class will pay this debt bubble down all by themselves and the rich will be benefitting from higher interest rates.
what the hell does “it’s gonna roll over” even mean?! stupid meaningless phrase.. if it’s going to DROP then say DROP. if it’s going UP then say GOING UP. stop with the weasel phrases.
C’mon phrase in markets, duh
Roll over means go soft. Do you speak English?
@ZW Yes but what precisely does “going to roll over” mean? When I hear the phrase “roll over”, I think of “going to surrender and acquiesce to an authority’s demands”. But this analyst seems to be using the phrase “roll over” as “the economic activity expected in 2021 was delayed and will roll over into 2022.” Which one does he mean??
@RedShipsofSpainAgain no, I think he means that the Fed has been propping up the market, but it will be unable to do so in the future as the weigh of the negatives take control
@ZW Ah okay that makes sense. Thanks for clearing that up.
Sounds like passing increments of BBB are still available but they will face accusations of too little too late.
Sounds like a crash, sounds like the feds are trying to put out a raging fire with a super soaker squirt gun.
The Fed is the wizard of Oz it looks all powerful but is actually pretty weak, its the shadow Banking system that is in control
Sounds like 2008
Return to office? But omicron…..Raise interest rates, but maybe not next year….excess supply, but supply chain issues…..6.8% inflation, but transitory. not transitory, but more like 13% inflation. gas prices exploding, but gas prices fall .03 cents wow look….
Hi 👋😊👋
Economists are playing pool blindsided. They have no idea where the table is next, left along the ball and taking aim at those
Nobody can predict the market. Even Buffett doesn’t try. Idiots!
The Fed is not going to fight inflation. Yellen wants the oconomy to “run hot” to help Dem electoral prospects. LGBFJB!
Its A “Crack Up Boom” Hyperinflation At The STATES Is A Certainty …..
@Jaye Archie Hiroki Honey Powell has deliberately stayed behind the curve in order to support Demigarchs. He should not be confirmed. LGBFJB!
When a child joins an adult conversation…
@Captinprivate That must be you. I’ve been there and done that. You have no idea what you’re talking about. LGBFJB!
There has to be some productivity loss and economic impact from the 2 full years of this health crisis.
Naturally. If you take all the resources and inefficiencies introduced by covid precautions, vaccine creation, administration, etc, then just the immediate direct response involves large costs. If you add behavioral changes and the massive negative shock that has rendered so much fixed capital superfluous, such as many shopping centres, then it is so much worse. If you add supply chain effects which have increased costs dramatically, while leaving valuable, in-demand resources idling, including ships, trucks, other related infrastructure, including ports and warehouses, then the productivity declines are still greater. Then you compound these negative effects through the assumption of massive increases in government debt, which has adverse implications for future economic growth, then things get so much worse. At this point, we are starting to move into the ballpark of a comprehension of the problem but we are not there yet. We also have to distinguish between ‘good debt’ and ‘bad debt’. American incomes were actually increased in the aggregate in an 18 period when many Americans sat at home and did little to nothing, producing nothing. Many people became convinced of their unique trading ability, trading stuff in what is a zero-sum game, in lieu of working. So the increased debt was, in the main, bad debt. The very little that will, over the next decade, filter through to infrastructure will have some limited offsetting benefits, but overwhelmingly, the debt incurred was bad debt.
so, the pandemic has reallocated human activity in many areas to worthless, even harmful activities, while crushing teal, productive activities. It has cost people around the world much of their freedom, and it categorically will result in a global economic collapse. Possibly the only country in the world in which freedoms have not been eroded is North Korea but that’s simply a reflection of the fact that they had none to start with.
Excess supply and deflationary pressure? I am not sure what this dude is talking about.
This guy is writing a fiction out of his imagination.
Spike protein in jab destroys nucleus repair!
Spike protein in jab destroys nucleus repair!
Spike protein in jab destroys nucleus repair!
They are sheep. They are are injected with graphene oxide and have no idea. LOL
@Player1active Do you use Dollar Tree brand for your tin foil hat? LOL
@Captinprivate weak
@Player1active truthg is never “weak”
@Ferdinando Cortese accept the mortality rate for covid has been the same since it first happened and the vaccine didn’t change that at all. In fact up until a month ago when they basically said covid was gone the trends were showing 65 to 75% of hospitalizations where in fully vaccinated individuals. As soon as those numbers started coming out all of a sudden covid wasn’t a problem anymore they got rid of the Mandate and masks and now there’s a war. Good job. You were played like a f****** fiddle again
80% of intelligent Americans are NEVER taking the poison vaxx!
Over 67%+ of Americans unemployed permanently!ALL Americans NEED livable wages of $30/Hour and up! We are 50 years behind! Americans do not need poison vaxxx!
US government NEEDS to put $100,000 into the banks of ALL Americans! Americans just keep getting battered by nature, corrupt politics, no livable wages, no healthcare, no chance to self actualization! China is watching and planning attack in the next 10 years! HAARP evil technology executed onto Americans 😑😑😑
I find it interesting that you mentioned self actualization…that is ultimately the goal for everyone right?
2.3% growth ONLY by billionaires who spend our money! Criminal thugs!
nah
Crash already. It’s time to pull the plug.
Full employment my ass this guys on something
Roll over . Sounds like he wants to pitch that message so they can buy the dip.
We all have to work with the tools we were born with 😂 I guess.
FYI, just YouTube search here every single year since the Great Recession “they” say the exact same thing every year.
Every… single… year… it’ll ‘crash’. Peter Schiff, Greg Mannarino, Gerald Celente, Harry Dent, Lynette Zang etc…. they all say the same thing every single year. They’re all very smart people and their data seems well-researched and accurate but… every… single… year comes and goes and nothing happens. Until that day actually occurs – and it will – I’ve cut down my daily intake of doom’n’gloom news.
People with no track record making bold predictions about future. What’s new?
1) why would they interview him if that was the case
2) he is right as we can see now
@WestCoastBay 1) What do you expect from Yahoo Finance 2) You are confusing the stock market with the economy. I don’t see a shred of evidence that the economy is rolling over or the deflationary spiral as the speaker claims. The stock market is tanking precisely due to the economy overheating.
@Adi C nah, you need to do more research into the FED. The economy is not doing well – its being kept artificially alive by lots of money printing. We are seeing another taper tantrum like many times before.
Covid False Positive Tests = Fascism to trick masses into feeling they got covid19 to feel bad about themselves to take poison jabs that actually spread covid19!
Natural Immunity humans who do not fall for taking false positive tests and taking jabs are the ONLY healthy humans on Earth 🤔🤔🤔
SÚPER. OKE.FRATELO.
What ECONOMY ?? The Divided STATES Of America Is A Failed Experiment : The Definition Of A JUNK BOND Is A U.S. Treasury : The World And His Wife Are Aware : Actually Entire Planet Knows The STATES Are BANKRUPT : Only A FEW Brainwashed Individuals With The Misfortune Of U.S. Citizenship Fail To Realise The GREAT RESET Is Innevitable : Planning Skills Of TEAM X1 Jinping To Design The World To Come SOCIETY Of The FUTURE : U.S. FEDERAL Government Seriously L L L Lacking …..
wtf is this guy saying? lol
Very simple: he said that the economy will slow down, inflation will decrease and the Fed will not raise interest rates. He may be totally wrong, of course, but his message was clear.
hahhhaa enjoy your fake money printing inflation.. voting has ramifications… game over…
The economy was not strong in 2021, take the Fed money out of the equation and the DOW would be around 10000.
Why are you even using the Dow as a yardstick?
Economists are modern astrologers their words and pseudo math mean nothing
Hard times produce strong men. Strong men produce good times. Good times produce weak men. Weak men produce hard times. We are in the last part of that cycle. Our monopoly money fiscal policy will not change this. A lot of people are not ready for what’s coming. Start getting your affairs in order now.
lets stop using that phase, its over done now just like amazing.
@Danny Ho Why? It’s demonstrably true.
@J L ➕➃➃➆➈➀➄➅➂➆➃➃➆
Thank you for sharing her contact,I will message her right now.
Lie after 0ie, Really, we’re at 6ull employment? Stop taking the people who are getting Government money out of the numbers. We are at worst employment numbers in History. So, this Economist is believing the LIE on employment and he also believes that inflation is at 5% . The only people that agree with him are the SHEEP! GAS, CARS, FOOD, HOUSING everything that matters up double digits or just plan Double. Prove me wrong!
Ricchuto is full of bs. It’s the end of the year and he wants to bring in as much clients as possible with all this fear monegrina economic collapse bs. There’s many of these scammers out there trying to take a shot at the future. Like I can do a forecast too…inflation will come down towards mid year and it eventually will hover around a bit up of 2% when all supply chain issues clear up. Look at the 5 year and 10 year forward inflation rate.
Roll into a great depression if SCOTUS upholds the vax mandate.
Savings? this guy is a joke.
Where do they get these people!!!
“if The Fed is forced to”
Yahoo still on a losing streak. Your stuff was bloated in the 90’s. I’m no money guy but I have eyes.
The FED just talking about rates slowed inflation soo…
Thanks Dems…..lets be honest….we are super screwed for the next 3 years.
We were screwed with Trump. Do you remember “the virus will disappear in April 2020” and drink bleach?
All this was in motion last year genius.. Not Trump’s fault not Biden’s fault… Grow up
I think it will be a lot longer than 3 years
You know how to fix that.. Find a new leader.. Agent Orange was a bad idea.. Lost house senate and potus in just 4 years.. When “winning” is actually losing
LOL we aint stupid
labor shortage you mean cheap ass employers that want robot slaves.
Global deflation? Looks like this guy doesn’t look outside of his office very often.
There will be no crash, unless the american GDP didn’t rise 300% since 2012, or even 600% since 2009.
Bear gang! Rise up! 2022 is our time!
XRP to save the day
roll over or free fall?
Nothing but negativitt! Just keep buying VOO
The Feds “supposed goal” by law is to help bring employment up. Now ask the question about human psychology of reward and punishment. If you’re a big corporation buying back stocks with DIRT CHEAP money and inflating your stock price, getting rich off of the inflation without hiring a single person, you would never want the Fed to stop giving you such cheap money and therefore you’d never hire employees. The Fed keeping the interest low is ONLY helping the rich and totally screwing over people who work for a living or who want to work. Employers know that by not hiring employees, they’ll keep getting this ultra low interest that’s making them a fortune. Now here’s the scam.
Wall Street: Rich get richer off inflation and stocks going up in value.
The real economy falls apart and workers are hurt the most.
Wall Street and the real economy are totally and utterly decoupled. Rich boomers with pensions and retirement plans, stock portfolios and 401k are doing great. And destroying the economy, hoarding the real economy all to themselves.
➕➃➃➆➈➀➄➅➂➆➃➃➆
Trade with her and remember to share testimonies with others
If I recall a number of years ago the mandate was changed from supporting full employment and stable prices to just supporting stable prices .
Absolutely right!
So then create your own investment account, mycatisromeo. Become the wealthy boomer.
Can’t beat ‘em, join em.
@Gorky D I remember thinking back in 2010 “how long can this go on?” I would never have believed a decade later the cracks are still being papered over and everything is still being portrayed as under control despite problems piling up on top of problems. 😂 I hope I am way off the mark but I fear we have yet to pay the price for allowing criminals in suits to run our society.
The economy is doomed. No manufacturing. Record resignations. Toxic derivatives. This guy is gonna running his worthless mouth.
I HAVE BEEN MAKING LOSSES TRADING MYSELF…I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET… CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?
Do you loose when ur caps is off too??
VTI long term 10+ years.
@Young keshi loser sez
Don’t go with Katherine Taylor she ruined me
Look you can learn on your own, yes your gonna take losses at first, but practice makes your strategy perfect, do paper trading, decide what kind of trader your gonna be, and stick to stocks that you use products a lot of, and don’t listen to these clowns about they invested with so and so.
Mass resignation? More like mass dismissal of vax sceptics.
Fauci Flu is designed to ruin the economy and usher in the Great Reset.
on my soapbox: what a corporation considers full employment is minimum employment to function paid as little as possible as the corporations are legally bound to squeeze as much profit for shareholders… there is no consideration for employees at all.. so underemployment leads to resignations.. most jobs now your doing job roles for 3 or 4 positions, eventually that will burn you out or kill you. forget omicron people are dying more and more rapidly from environmental stressors and heart failure.
Corporatism eats capitalism
The Fed will continue to kick the can down the road for a while yet, Biden wont let the crash happen under his watch
I. believe the fed was experimenting with the rate increases
during the last presidential administration & it didn’t go too well
do you’all remember Christmas Eve 18′
My question is how is the Fed raising rates goig to get the world’s supply chains working?? It cant.
Maybe they think it will reduce demand pressure.
@Xmx2772 I agree but then they will increase the odds tht we will have stag-flation or even worse a recession. My guess is that they will raise rates 3 times this year (market thinks 4-5 times) I don’t think they want to br the reason we go into recession
@Captinprivate I think a lot of this will naturally resolve itself as we come out of the pandemic, and I think the Fed is hoping for that as well. We’re facing a unique set of problems because of it. It’s not that everything was fine before or every problem is related to it, but without the pandemic we wouldn’t have these specific issues.
@Xmx2772 I agree, I hope that comes sooner than later.. Nice to hear a moderate/logical voice on the internet.. Thanks for your replies
Sounds like a politically biased buffoon telling the market what to do.
Remember guys, if the stock price increases, it means nothing to the lower classes. There is no middle class, it’s gone.
Stocks go up, the rich get richer, and the poorer keeps getting new taxes policies along with inflation.
agree
The FED does not care about its primary mandate. It only cares about propping up the stock market bubble and making assets more costly in order to benefit a select few. The fact members of the board make trades based on inside information should make this apparent. The fact that several members of Congress do the same, means no one will hold them accountable. It’s corrupt all the way through.
This is way to late, take it down!
I’m shocked yahoo allowed 3 white people to talk to eachother on camera
you were wrong lol
Damn confusing to me to be honest.
The only probable thesis I distilled out of this, more so than the guest, is that the real economy will most likely capitulate, finally tank after exasperation – leaving the Fed behind the curve once again, before it even starts. I suspect the actual economy has only been a proportion of itself for awhile now anyway, because most of the crap is on the docks and no one wants to make or sell their crap anymore after forty years of mistreatment. Hence, a de facto Contraction already occurred.
We’ve had a fake economy propped up by the Fed, so of course it will go limp once Powell removes the punch bowl.
He is right lol
What the hell did he say???
corp profit taking is more then the said to be inflation . our issue is greed at its base. nothing else. that added to spending on the military are as always post the reagan lie government is a bad thing . when in fact its the only thing proving human progress . we dont have excess supply when it comes to infrastructure . we have even lost what it takes to move water from where there is too much too behind our dams . our parents and grand parents would of made sure we did the big needed national needs. a real joke is the labor stats . and pay for those jobs. 1000 in 1970 dollars is 7000 now. and the insult of 15 per hour is taking its toll . people are real burned out on being wage slaves that have nothing other then food and shelter after a paycheck from a full time job. the cure is the 30 hour work week. but long as graft and military spending is reported as economic growth . along with only the rich getting richer we are going the way of rome. the day their economy ended rome that had the most powerful military on earth. hind sight is 20/20 mostly in history. we should have taken what IKE said about the industrial military complex to hart . and even more too brain. we are trapped in a three way with military spend ,corp greed and graft. and right now as IKE said its effecting the rights of citizens . as the fascist g o p passes laws to stop people from voting.
there is no rational reason for a multimillionaire and for sure not for a billionaire . a few super rich dose not an economy make. the over 2 million homeless are proof of that. what made us great was the middle class . and right now the 1% are shaking them down hard. it was a type of democratic socialism known as the new deal and worked from 1939 until the reagan lie. the most true words ever spoken where it dose not matter is a cat is black or white as long as it catches mice. we had the best working mouse catcher ever and we screwed it up with graft and greed. bribes called donations and the legal crime of the lobby. keeping a one party system with two names going over whats really made things work so well in the past. everything for profit is failing and we all including those hoarding most wealth know thats the case.
FACT: Young People ages 21 to 50 are EXITING the economy because there are no livable wages of $30/Hour and up for all jobs to keep up with insane cost of living! Americans also going off grid due to HOA’s and expensive residential properties and property taxes are theft! F U crony capitalism! PAY $30/Hour and up for all jobs, OR let society burn and decay! NO to vaccines, no to strain on the body which leads to health problems and no to abuse at work ⛾⛾⛾
77% of Americans will be RENT slaves before 2050() Homelessness is going to be off the charts due to greedy corporations buying up ALL properties and the gouging renting them back out for life! Civil War is growing more and more! Blood will spill ()
Poor Americans NEED to buy at least 1 acre of land OR you will become a rent slave or homeless and extremely raging mad and start of civil wars between now and 2050 🔱🔱🔱
Until this technology is used to create livable homes under $30,000 for poverty stricken Americans and homeless, this technology is being mismanaged and underutilized! Primary objective of technology is to eliminate suffrage of human beings and increase affordability to house the 77 million Americans who cannot buy a home for thier well being, health improvement and sense of dignity! We are over 3 generations behind and poverty is growing which is leading to societal decay and civil unrest!
Capitalism = Financial Fascism = destroying lives and creating more poverty and homelessness!
What does roll over mean? I guess roll over and die.
This thing is collapsing
Roll over… but tits up or tits down?
What precisely does “going to roll over” mean? When I hear the phrase “roll over”, I think of “going to surrender and acquiesce to an authority’s demands”. But this analyst seems to be using the phrase “roll over” as “the economic activity expected in 2021 was delayed and will roll over into 2022.” Which one does he mean??
Roll over …. is that getting crushed or something that carries forward …. next year …. is that 2022 or 2023 …. they’re in a drag …. surveys are going to miss the boat….. labor market is going to ease up…….can someone teach this guy to stop with the cliches that are unique to his little myopic function….. terrible interview. Just tell us if a metric is looking favorable or unfavorable…. why add so much ambiguity with so many vague and easily misinterpreted remarks. He needs to test a few focus groups to see how badly they will misunderstand his message and learn to stop being cute and start being clear and concise.
Realising now that stock, bonds and share’s remains currently the most lucrative business in the world, both NFT, real estate and Crypto shares are really positively changing people’s lives tremendously after been properly guided in risk margin rounding the financial market
@Stephanie Valdivia wha•ts••app
@Stephanie Valdivia (+1253)
@Stephanie Valdivia (5016)
Without doubt I can believe that, I got wonderful experience with him. Blamed myself after receiving the first pay knowing I invested so low with fear($1300), thou it was not easy at some point, I understand that Investment requires alot patience and dedication
@franklin dunford There are some who afraid to try and those who are afraid you will succeed,same with Elon musk who is a Hegde fund in the market is a typical example of a good life one should embrace
Wtf does roll over mean speak english motherfuckers
The United States economy is in a financial death spiral under the leadership of Pres. Biden.