#Consumersaving s#FederalReserve
Apollo Global Management Chief Economist Torsten Slok joins Yahoo Finance Live anchors Julie Hyman and Brad Smith to discuss the state of the economy, inflation, Fed rate hikes, jobless claims, recessionary risks, volatility, and the outlook for wage growth. (Apollo is Yahoo Finance’s parent company.)
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When has an economist or weather analyst ever been wrong?
obviously, never
He sound better than most
Economist just making stuff up.
this is savings crap how do they even find the ground to make people believe that is there something im missing is there reason for some to be fooled?
At this point economic forecasting has less credibility than astrology and horoscopes. Grasping at straws
for those who were able to build up the cash balances… they most likely have the means to keep it while just lowering disposable income… overall it will lower demand but it will still ultimately hurt the less fortunate the most… hopefully this ends soon
Maybe the Federal Reserve doesn’t have enough personnel for thorough central plan and authoritarian control of economy. Perhaps if banks sent all citizens data to the Federal Reserve, the Fed could effectively model the and social engineer the wealth per capita.
Well said!
Government : You must save money for emergency and retirement
Also Government: We need to destroy peoples saving to save the economy
Capitalism is broken
For the FED to feel good, they don’t want to see you in the Time Square or at the restaurant
Yes it is broken, and has been for some time.
@Ryan how we ended up with greater savings is less important. We simply got a preview of what happens when we reach such goal legitimately. Capitalism as it’s implemented today can’t sustain broad financial security.
I don’t care. I’m broke and im fucking pissed.
knowledgable man, who has his finger on the pulse. Buffet is a man who has runs on the board…he advised it’s a time to invest in yourself, up skilling. The unexpected always happens.
Crypto currency is the future because the world can’t outgrow inflation and rising commodity prices, real estate (the oldest wealth builder)and the stock markets , hence we must go into high risk assets like crypto. Duh, it’s not rocket science. We are getting dunked on with debt by these older Generation’s bad policy. Crypto is the future for all young people to be financially free. In Wall Street the average is 10% that’s not going to cut it when everything doubles. Yes, I’m aware we are in a crypto bear market (the best time to buy)not to hodl but invest into day trading ion other to grow more profits in their portfolio Long crypto . However, it may be too soon to call a bear market bottom since the price would need to reclaim a new resistance level and the 50-day moving average before any bullish reversal could be anticipated . As investor , I will urge all newbies to Buy and not to hold but engage into Day-Trading in other to Grow and accumulate profits in their portfolio not to run at loss . I have been able to get profits of 5.5 in less than 5 weeks using signals alert provided by Oscar Aldrich . Dr Aldrich can be contacted via what’s app : +150-921-99-782 and Telegram Oscar_Trade * for further inquiries in any crypto related issues .
It is clear
Interesting theory about savings cushions. Here’s the thing: ALMOST NO ONE (except the very wealthy) buys a car or a house without borrowing.
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Don’t like my savings? Don’t care.
Great rundown on the current state of the economy. Yahoo Finance is doing the best job of stating the current market moves and projecting the future. I partly believe it is because they do not have the same corporate influence with it’s ties to the state that taints the message from CNBC and erodes trust.
One of the best interviews I have seen in the finance news this year. The other ones I like were the interviews with El-Erian and Troy Gayeski.
So take your job, take your savings, take your life. That is the Fed’s plan to get things back to normal (keep you a slave to their system).
First chart contradicts everything he is saying
Finally an honest assessment
I have been telling myself for years to do the needful: open a brokerage account, buy ETFs or whatever, just play it safe. I think it’s time to admit that I’ll never be a smart, thrifty, DIY investor, like all millennials are supposed to be.
Personally, its ideal to use CFA, I always tell people that if all they want to do is invest successfully, there is no secret sauce but you need to commit at least 4 to 8 hours a week to research so you can stay ahead of the markets. if you’re not willing to commit that kind of time, you have no business growing your money and you should hire someone else to do it for you.
@James Savarese Sounds reasonable but everyone in positions of authority or with influence over my future has given me many reasons not to trust them, including “financial advisors.”
@Chris Tsang
@Bonnie Susmano just looked up this person out of curiosity, and surprisingly she seems renowned. I thought this was just some overrated BS. I appreciate this.
@Chris Tsang Yes, she’s definitely worth the hype, My bet is she will keep executing and breaking previous highs in every area.
Great everyone has enough money in there accounts move on next story 😉😉😉😉😉
So I have this straight households have too much money and that’s a problem ? How perverse.