'NERVOUS': Economist sounds the alarm on recession, gov't spending

Поделиться
HTML-код
  • Опубликовано: 21 окт 2024
  • RBC chief economist Francis Donald analyzes the 'huge divergences' in the U.S. economy on 'Making Money.' #foxbusiness #makingmoney
    Subscribe to Fox Business! bit.ly/2D9Cdse
    Watch more Fox Business Video: video.foxbusin...
    Watch Fox Business Network Live: www.foxnewsgo.com/
    FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York - the business capital of the world - FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.
    Follow Fox Business on Facebook: / foxbusiness
    Follow Fox Business on Twitter: / foxbusiness
    Follow Fox Business on Instagram: / foxbusiness

Комментарии • 123

  • @DeannaPeters-lz8we
    @DeannaPeters-lz8we Час назад +114

    Is the stock market getting better or this some election time manipulation to entice new investor? My portfolio has done well all year, but now I’m feeling the pinch. My returns have dropped significantly by 6%, and the market’s all over the place. What do i do?

    • @dogmom-pt5we
      @dogmom-pt5we Час назад

      IMO this rate cut will a create new buying opportunity, but given the current market uncertainty, have you considered consulting a fiduciary advisor?

    • @Andreallln
      @Andreallln Час назад

      Over $6 trillion is in money markets earning high interest, but Fed rate cuts will push this money into equities. A crash/recession can be discussed after that shift. My financial advisor has helped me understand the market, gaining 25% this year under her guidance.

    • @rebeccaartgallary
      @rebeccaartgallary Час назад

      I've been looking to switch, but have been kind of relaxed about it. Could you recommend your wealth manager? I'll be happy to use some help.

    • @Andreallln
      @Andreallln Час назад

      My CFA is SHARON CRUMP CLINE, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

    • @rebeccaartgallary
      @rebeccaartgallary Час назад

      I just googled her now and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.

  • @fancy-on5hn
    @fancy-on5hn 2 часа назад +18

    It honestly feels like we are already in a recession. 😢

    • @Tom777-o7i
      @Tom777-o7i Час назад

      Have been for 3 years plus.

  • @kasforai
    @kasforai Час назад +12

    As a Iranian American I can tell you if you don't vote Trump is game over.

    • @michaelWells-ef9bx
      @michaelWells-ef9bx Час назад +1

      he spent $8 Trillion Dollars on Billionaire Tax Breaks???

    • @skidit100
      @skidit100 Час назад +1

      @@michaelWells-ef9bxto bring jobs back and for companies to hire more and raise wages for Americans.

    • @kasforai
      @kasforai Час назад

      @@skidit100 Yes please!

  • @onetinsoldier9615
    @onetinsoldier9615 3 часа назад +39

    No taxes on SS.
    No taxes on tips.
    No taxes on overtime.
    Coming soon by Trump.

    • @rjs7984
      @rjs7984 2 часа назад +2

      I don't think that plan is a good idea especially for SS

    • @Opalnheav
      @Opalnheav 2 часа назад

      Don't be so ignorant, Trump has the best plan. For goodness sake, all the money spent on illegal immigrants need to stop, and stop importing them, stop giving our money to Ukraine & green peace bs that goes to terrorists groups. And Elon will clean up the government spending & those democrats that are stealing our money, especially those that send to other countries that really line their pockets.

    • @goji059
      @goji059 2 часа назад +5

      @@rjs7984 your mom, who pays the bills, while you live in her basement, thinks otherwise

    • @dribble3111
      @dribble3111 2 часа назад +1

      Lolita express flies The lord of lies Through troubled October skies Wile weird jd draws flies 😊

    • @Jeff-ih8gi
      @Jeff-ih8gi 2 часа назад +1

      @@rjs7984 Obviously you're not on Social Security! You don't even try to explain why you don't think it's a good idea.

  • @johnleca
    @johnleca Час назад +3

    I am an absolute idiot but I think I heard unless you are at the top 20% you are out of luck.

  • @haileysmith6929
    @haileysmith6929 2 часа назад +18

    With copytrading, you could be sipping coffee on a balcony overlooking a bustling city skyline or lounging on a pristine beach, all while your investments work for you. Picture the freedom to pursue your passions, travel the world, and create lasting memories with your loved ones, all because you took the initiative to harness the power of copytrading and build the life you've always dreamed of

    • @taavethinrikus7300
      @taavethinrikus7300 2 часа назад

      I'm celebrating a $30k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me just one of the things copy tradee can do.

    • @ryanalonge6707
      @ryanalonge6707 2 часа назад

      Do you invest with a professional broker?
      I'd appreciate it if you show me how to go about it.

    • @haileysmith6929
      @haileysmith6929 2 часа назад

      All I do is simple I just activate my account to copy trades from Rutherford and that's all

    • @laioplaoi1049
      @laioplaoi1049 2 часа назад

      Who do you copy from and how can I reach him to copy too??

    • @haileysmith6929
      @haileysmith6929 2 часа назад

      He’s mostly on telegrams using the user name

  • @lildebra7941
    @lildebra7941 2 часа назад +4

    My whole family was better under Trump’s administration, we need him back in office to get back better vote vote vote vote in person vote early vote November, vote Trump 2024 get our country back 2024❤️🤍💙🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸❤️🤍💙🇺🇸🇺🇸🇺🇸

    • @ace9840
      @ace9840 Час назад

      That’s because we are. 2008 never ended they just papered over it.

  • @crb4059
    @crb4059 2 часа назад +4

    The govt doesnt make an economy it can only hinder its efficiency and growth.

  • @mikhailkalashnikov4599
    @mikhailkalashnikov4599 2 часа назад +8

    Too late, gold and silver already sounded the alarm.

  • @rickyspeakman4445
    @rickyspeakman4445 2 часа назад +3

    Glad she spoke! She sound confident and know her stuff!

  • @regandunn4850
    @regandunn4850 Час назад +1

    They know its really bad now and they waiting for trump to come in then watch how bad they say everything is all ofva sudden and they are going to blame him for everything non stop headlines

  • @kennethmochan4969
    @kennethmochan4969 2 часа назад +17

    NOBODY BUT Biden and Harris to thank for this

    • @vmax4575
      @vmax4575 2 часа назад

      You must not have been paying attention about four years ago. Trump pretty much ruined the economy and mismanaged the Covid crisis. Unless you were rich, then you, like myself, did well. Trump has been bankrupt six times. No lie.

  • @lukemn29
    @lukemn29 3 часа назад +10

    For old times sake: "Let's go Brandon!"

  • @80Vikram
    @80Vikram Час назад +1

    Hearing about recession since 2021 yawn

  • @kathyb5195
    @kathyb5195 3 часа назад +7

    interest on the debt will topple us soon. oil is the only thing value dense enough to reverse the situation.

    • @timothylopez8572
      @timothylopez8572 2 часа назад

      Also, you economic masterminds who don't know how government spending nor money printing works, keep predicting an immediate recession for years now. Literally every single day. Knowing that you are manipulating technical indicators which even rookie traders know are not some magic crystal ball.

    • @Jeff-ih8gi
      @Jeff-ih8gi 2 часа назад

      @@timothylopez8572 Anyone who knows anything about Economics knows $35,000,000,000,000 in debt is unsustainable.

    • @ace9840
      @ace9840 Час назад

      @@timothylopez8572 And anyone who knows anything about debts and recessions knows how much worse this one will be than 2008's.

  • @pattitempleton4881
    @pattitempleton4881 Час назад

    I hate being in the 80%!!!
    Trump Vance Tulsi ❤️❤️❤️ 2024🇺🇲🇳🇮🇺🇲🇳🇮🇺🇲🇳🇮🇺🇲🇳🇮🇺🇲🇳🇮

  • @ace9840
    @ace9840 Час назад

    Been soundings the same alarm since the last one when the Debt was only $10 Trillion.

  • @heyyall1912
    @heyyall1912 50 минут назад

    Totally

  • @daleolson3506
    @daleolson3506 2 часа назад +2

    It’s gonna be epic

  • @Rayvisin
    @Rayvisin Час назад +1

    Inflation is tax

  • @rnskfamily7672
    @rnskfamily7672 Час назад

    Yayyy. It's finally coming... tired of waiting.

  • @TimothyChivers-n4y
    @TimothyChivers-n4y Час назад

    Putting it a nutshell we are being turned into a third world country

  • @stevemelton4388
    @stevemelton4388 Час назад

    Best economy the government can buy. That money is running out though

  • @usiohaki295
    @usiohaki295 Час назад

    US has been pushing the idea, debt is a tool not a problem. So why worry.

  • @mr.188
    @mr.188 Час назад

    Glad somebodies are talking about this! K-shaped recoveries ARE terrible for ANY economy in history!

  • @ArizumaDT
    @ArizumaDT 2 часа назад +2

    Stop it! You act like this is the first time....

  • @hanaisalontan
    @hanaisalontan Час назад

    When has it ever been any different ??

  • @dribble3111
    @dribble3111 2 часа назад

    Fox's outlook when the mango musalini crashes😂

  • @DavidMartin-hv3mn
    @DavidMartin-hv3mn Час назад

    My question would be over in Ukraine. We're sending money to Ukraine. Isn't that war time? I mean, we're not sending troops, but we're sending money. So we're participating in war time, sending money to another country to do the dirty work of war

    • @DrDangerPuppy
      @DrDangerPuppy 54 минуты назад

      We're not lawfully at war if Congress doesn't declare war.

  • @ronaldoconnor4760
    @ronaldoconnor4760 Час назад

    I'm supposed to listen to an Iranian for advice about electing a President?

  • @JohnBrown-j8n
    @JohnBrown-j8n Час назад

    Hi

  • @chrisupton31
    @chrisupton31 2 часа назад

    Wall Street,
    Keep trying to scare me out of TLT, and you'll lose 1000x more. 😢

  • @brucemarion3613
    @brucemarion3613 Час назад

    Ooo more doom and gloom from the entertainment channel.

  • @jodyclancy5995
    @jodyclancy5995 Час назад

    MSDNC says the economy is great as does NPR, lol I know! Trump 2024!!!!!!!!!!!

  • @dennishungerford4146
    @dennishungerford4146 3 часа назад

    2 ? Comments?
    Came here to read ?
    Zip, nada, zilch! What with RUclips?

    • @dennishungerford4146
      @dennishungerford4146 3 часа назад

      Gold still going up ? Inflation devaluation still growing killing $ purchase power! Brick of gold trade for loaf of bread ?🥖

    • @Rayvisin
      @Rayvisin Час назад

      No one wants to talk about the topic. Enjoy now. Cry later mentality

  • @Gregorysonlinechannel
    @Gregorysonlinechannel 2 часа назад

    COME ON everything is fine,just dont look behind the curtain

  • @timothylopez8572
    @timothylopez8572 2 часа назад +1

    Manipulative liar. That's not how government spending works, nor inflation. The government doesn't get to just print money, or we wouldn't need to whine about taxes or the budget. It's a biproduct of fractional reserve banking.

    • @srp7038
      @srp7038 2 часа назад

      Uh, we have completely monetized our debt. The Treasury and Fed work hand in hand now. The Treasury absolutely does print, and the Fed buys. Look at its balance sheet.

    • @Jeff-ih8gi
      @Jeff-ih8gi Час назад

      @@srp7038 Uh, you don't know what you're talking about. Have you ever heard about Fiscal Policy?

  • @HieouyaAgnèsDoyo
    @HieouyaAgnèsDoyo 2 часа назад +1

    I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated

    • @BensonTati
      @BensonTati 2 часа назад

      As a beginner investor, it’s essential for you to have a mentor to keep you accountable.
      Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

    • @BensonTati
      @BensonTati 2 часа назад

      I don't really blame people who panic. Lack of
      information can be a big hurdle. I've been
      making more than $100k passively by just
      investing through an advisor, and I don't have
      to do much work. Inflation or no inflation, my
      finances remain secure. So I really don't blame
      people who panic.

    • @OdessaYeva
      @OdessaYeva 2 часа назад

      I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.

    • @OdessaYeva
      @OdessaYeva 2 часа назад

      Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience.

    • @HieouyaAgnèsDoyo
      @HieouyaAgnèsDoyo 2 часа назад

      nice! once you hit a big milestone, the next comes easier. How can i reach her, if you don't mind me asking?

  • @mr3745
    @mr3745 2 часа назад +1

    Recession would follow Trump. He tanked markets twice in his first term.

    • @Opalnheav
      @Opalnheav 2 часа назад

      LoL the lies & blaming Trump are is so freaking ignorant. KAMALA & biden ARE IN OFFICE & HAVE BEEN FOR ALMOST 4 YEARS. THEY ARE THE ONLY PEOPLE TO BLAME PERIOD. LOOK AT ALL THE MONEY KAMALA SPENT ON ILLEGAL IMMIGRANTS & FLYING THEM INTO OUR COUNTRY & FREE IN STATE FLYING, ROOM, FOOD, CASH, CELL PHONES AND ALL THE MONEY SENT TO TERRIOST GROUPS, AND FOR F$CK SACK ALL THE MONEY TO UKRAINE AND WE ARE PAYING THEIR FOR THEIR WELFARE CHECK, JANITORS, FOR EVERYTHING. ALL OF THIS IS KAMALA & BIDEN

    • @Rayvisin
      @Rayvisin Час назад

      It's going to crash no matter who is there. It could be Jesus and national debt would not change

    • @justinp9647
      @justinp9647 Час назад +1

      Recession is going to happen no matter what president. Less chance it happens under trump then Biden