What’s Next For the U.S. Economy: Robert Shiller
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- เผยแพร่เมื่อ 12 ก.ค. 2020
- Noble Prize-winning economist Robert Shiller says urban home prices could decline as the coronavirus pandemic upends the workforce. He thinks the benefits of city living, such as restaurants, museums or theater shows, have been put into question during the coronavirus pandemic. Shiller is hopeful that inequality will get better in the short run and thinks the emerging "wartime spirit," like the one from the 1930s, could lead to positive changes for Americans. He also offers suggestions on how students and workers should prepare for jobs in an uncertain future.
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What’s Next For the U.S. Economy: Robert Shiller
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Do you agree with Robert Shiller? 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.
Jeremy Siegel, Burton Makiel, & Eugene Fama are some good choices.
Campbell Harvey from Duke University and Joe Davis of Vanguard is also some good guests.
Fred Hickey please
Talk to Elon and ask him about future cities?
Richard Wolff
CNBC: There's lot of uncertainty right now so we brought on an expert economist to inform us
Shiller: no idea never seen this before
Haha so true
At least he said the truth
Took his Coursera class. Love him
I like the way he put forth valid arguments without thinking he is smart enough to make conclusions.
He is just guessing, Wall Street always win dow going to 40000 next years mark my word
I guess the only answer right now is 'uncertainty'.
I am a beginner trader in the forex and Crypto world and I really want to go deep into it, I lost a lot of money trading on my first attempted trade, Can anyone tell me what I possibly did wrong
You should try to study forex and it's market.playing with a demo account is a good start
Wow am surprised you know expert Bryan, he's obviously the best.I Invested $3,000 and he made me profit of 11,230 within 14days
He is a trustworthy and reliable broker
He has really changed my Financial status for the best, thanks to my aunty who introduced him to me
Am not here to Converse for him but to testify just what I'm sure he is trust worthy and best option ever seen
I'm certain that uncertainty is the only thing we're certain about.
So, you're uncertain?
@@26herbs47 Yes, but we know the knowns, but not the unknown knowns... Or something like that.
Socrates said pretty much the same thing, about 390 BCE.
@MrBigEnchilada Then, How did Donald Rumsfield Know?
Yoooooo this man taught me Financial Markets at Yale such a good prof
Liked his course as well, but I think his politics is wack
Yeah Yeah what’s his politics? Probably liberal I’m guessing
@@DewTime Specifically Keynesian Liberal
@@yeahyeah9856 Isn't this way of thinking the main thing that caused the market not to crash hard?
@@nariman302 That is one interpretation of economic history, however, a rather weak one I'd argue. Cheap government credit is what caused boom and bust in the first place. When you disrupt the saving market of the economy and experience large scale adjustment, you cannot blame that on the market.
Finally a good interview with him where the reporter actually lets him speak and doesn’t interrupt him
Got it😎
Working from home is the shiniest silver lining this wretched pandemic has given me. I still hate that it took a pandemic for my boss to let us do it in the first place...
trufiend138 When you work from home, you don’t need to worry about either taking a lunch (possibly microwave, or it’s eaten cold) or the work cafeteria (if you have one) and their limited choices, or dealing with restaurants and the lunch rush: if you can prepare it, you can have it, and it can be CHEAP for ingredients quite often. Or, you can choose better quality ingredients to your heart’s content, up to you!
This was involve cooking and cleaning, of course, but depending on the nature of the work and the food, that can be done with no notable time used. Depending on your WFH schedule, if you do it right and have meetings, meetings are great times for eatings, just put yourself on mute!
Ok, so you need to potentially spend more at the grocery store in time and money, and more cleaning is required. Such is life! Besides potentially saving time, you may be able to save quite a bit of money. I’d usually spend on average about $10/day at the cafeteria: I can eat a lot of good stuff for less by shopping and cooking.
What type a job are you doing per say?
@@strictnonconformist7369 "meetings are great times for eatings" this is the best line and it is my new mantra.
yeah makes it easier to can you
@Josh true, a lot of people need the workplace structure and distance away from home to focus. My coworker does not like working from home because his family is a constant distraction.
I love working from home, it's like a vacation. You can work from home while doing this: being out in backyard patios, laying on deck get sunlight, sit near a small garden, swimming/ putting legs in the pool or I can sit in kitchen having my feet massage & drinking coffee/tea, sitting in family room or just sitting on bed. You can do all these while working as long as the house is quiet & no one bother you can do a job too. Saving commute time, having more time for family & cooking. It is one of the positive about pandemic ( I'm sorry to the people who have negative effects from this pandemic, I hope you're well, safe, happy & overcome all obstacles 🙏)
I too am working from home as a software developer, it's definitely different then the office I'm use to going too. I'm a bit worried about the commercial real estate market of all these office spaces that aren't used due to folks like us working from home.
@@dragonore2009 yeahh I think commercial real estates going to have a hard time renting out their spaces after this. Lots of restaurants running out of business & lots of folks like us don't need to go into office. Working from home is like one of the best thing in life. Love it💋💋💋 you have more time for everything including working out, cooking healthy food, enjoy for home, spending time with family. Kakakaka taking a short nap too🙈
@@dragonore2009 do you prefer working from home or commute to office everyday?
@@jennydkwong I kind of miss the office. I like when I can go to someone when I need help with something and they to me if they need help with something. Sure we can do virtual meetings, but it isn't the same as the actual human being being there.
A part of me does like working from home as well, because I can go for walks whenever and also I can view some of my favorite music and podcast from my personal computer while working on the company laptop.
I'm kind of hoping whenever things get back to normal, we will do a hybrid type of system, where part of the week we can opt to work from home or at the office.
You are right ! I use to work outside in the world ! People are bad and selfish ! they pay you peanuts ! It was not a joy😑
It absolutely feels like we're living through a war, battling an unseen enemy that quietly, randomly picks us off. Like a slow moving tragedy.
So well said!
I'm going to watch this video, but I'm going to watch it from the perspective of "this is what CNBC wants me to think about the economy."
This man was perhaps the only person who gave America some comfort ! He didn't try frill' the people with half baked' nonsense ! 😑
Inequality? Change the tax code to make it an increasing tax BENEFIT the more a company pays its workers. Pay more across the board, get a lower tax rate.
Nice interview, intelligent thoughtful gentlemen, not politically driven, sensible, realistic. Very rare among professors. Let’s hear more from this good man.
I live in the city.. and for right now the allure of it has been tarnished.. Paying high prices for what?? Everything is shut down
keecefly I was referring to housing costs for renters and people looking to purchase homes in these areas. Not so much for goods and services. In fact, I haven’t really seen increases in these areas. Lower housing costs will come.. there will be a foreclosure wave, but it’s going to take some time.
@keecefly things wont go back to normal. Especially in years to come. But man had a point. Why ppl paying high rent prices? Besides supply and demand, its extremely overvalued and all entertainment and bars are shut down. Broadway is shut down til next year, movie theaters, mall, etc shut down. At least NY lost its entertainment appeal and you gotta go to jersey to have some sort of appeal.
Same. It’s also making me home sick to go to the small city most of my family lives in. The value of living in the city doesn’t seem worth it right now.
We need office spaces that are big and well ventilated - honestly life in USA is already very lonely and secluded - if the next life is at home before screens - it would only raise more mental health issues!!!
He's right about 1 thing, the idea of constantly living at home working without ever coming into an "office" for the sake of training and important meetings. People do want flexibility to choose to work wherever they want meaning that the future will include offices reduced to co-working spaces for rent as needed time slots because they're expensive and because of the health concerns right now. It's a win win win situation for all. The rental space won't go under, just less volume, people can work when and how they want to because the #1 investment in a business is an employee, and it reduces cost of time/money/efforts on everyone's behalf by having a big office like they used to.
Hardcore Absolute Fact: Americans will NEED the US Economy when there are livable wages of $24/Hour and up for all Americans ! Until then: RIP Crony Capitalism ( Communist) Rigged Economy ( that only benefits the rich and destroys everyone else )!
Hardcore Absolute Fact: 47 million Americans unemployed and soon 55 million Americans will be unemployed before elections! Nothing has slowed down except the rate of Americans getting onto unemployment benefits system! Capitalism ( communism in disguise ) is dying! It is no longer working for 80%+ of Americans!!!
@@absolutetruth568 Capitalism is based on the strong getting stronger, free market systems favor the strong and survival of the fittest. You want communism if you want what will favor the 80%
Only problem with working from home is that bosses love to micromanage employees
@@zsam8095 they do but they don't have a choice but to see how it actually works in their favor because of the whole COVID thing. They'd be a fool to not recognize the improved efficiency, cost-saving, and morale-boosting effects from this environment.
So the We Work concept just might “work” , but at away smaller scale. Also, such rental offices would need to be cleaned once the initial group of employees leave, in order to to provide a safe workplace for the next incoming group.
Great interview. Refreshing to see news that doesn’t revolve around insults.
In Berlin we had just 18 new infections yesterday (July, 13 th 20) and a single person died because of that virus. In a city of 3.8M. For comparison: About 100 people die in Berlin for reasons not related to that virus every day.
You have to wear masks on public transport and in shops (but not when walking/ running outside). You have to distance from strangers. Other than that, life seems almost 'normal':
Shops & malls are open, you can go to cinemas, gyms, bars, museums, restaurants and do many other activities. You can meet friends, almost everyone can work as usual.
The virus is not the end of urban life.
If Americans think so, it is because they have wanted that suburban and car dependent lifestyle and those single family houses with huge yards anyway and have just found another reason to justify that.
I don't think cities like NYC will die. There will be people leaving, but others will take chance.
Hey, we should look at the biggest real estate bubble in the WEST right now. Toronto, where the median income is 40k and the median house is over 1 million. Thumbs up this comment to have professor Schiller predict when this bubble will pop!
Hardcore Absolute Fact: Americans will NEED the US Economy when there are livable wages of $24/Hour and up for all Americans ! Until then: RIP Crony Capitalism ( Communist) Rigged Economy ( that only benefits the rich and destroys everyone else )!
Hardcore Absolute Fact: 47 million Americans unemployed and soon 55 million Americans will be unemployed before elections! Nothing has slowed down except the rate of Americans getting onto unemployment benefits system! Capitalism ( communism in disguise ) is dying! It is no longer working for 80%+ of Americans!!!
The only course i have completed in cousera
without steady work, cities are just tax gulags, the only reason people in the city put up with the insane taxation is because of the availability of steady work, take away the work cities are basically tax camps designed to drain the life out of you and drive you to the poor house.... 30+% of people arent paying their mortgages on time right now or not paying them at all 90% of those defaults will be in city areas.... those home values will crash to all time low levels for the past 20 years... especially as cities dream up new ways to tax home owners into oblivion.
And if people are going to be working from home, (those lucky enough to be able to) , why would you live near a city when you can move to some rural area and have a house 4 times the size with a yard and such for your family to enjoy? who is going to pay thousands of dollars in rent, or mortgage and 10s of thousands in property taxes to work from home in an abandoned city full of crime and political extremists?
To the suburbs!
all this social distancing will be temporary until there is a vaccine. There will be changes nonetheless, but humans thrive in social interaction so that will eventually come back
Sorrry homie, but we can’t even wear masks, ppl ain’t gonna get this mythical unicorn vaccine, plus we live in a capitalist society. And if you did want the vaccine and you were one of the millions laid off you dont have the insurance to get the dose. It’s just a nice way for financial newspapaers to recycle headlines and retroactively act like they know why the coin was heads or tails, errr whether things were bullish or bearish. It’s simply the fed
Hardcore Absolute Fact: Americans will NEED the US Economy when there are livable wages of $24/Hour and up for all Americans ! Until then: RIP Crony Capitalism ( Communist) Rigged Economy ( that only benefits the rich and destroys everyone else )!
Hardcore Absolute Fact: 47 million Americans unemployed and soon 55 million Americans will be unemployed before elections! Nothing has slowed down except the rate of Americans getting onto unemployment benefits system! Capitalism ( communism in disguise ) is dying! It is no longer working for 80%+ of Americans!!!
No cure is coming. Don't drink the punch bowl. Medicine takes years to make, not the few months people keep saying on TV.
@@henri6595 Cure will take at least 5 years. But they will develop a treatment before that, probably in the next year or so
Interview Dr. Michael Burry!!
Hardcore Absolute Fact: Americans will NEED the US Economy when there are livable wages of $24/Hour and up for all Americans ! Until then: RIP Crony Capitalism ( Communist) Rigged Economy ( that only benefits the rich and destroys everyone else )!
Hardcore Absolute Fact: 47 million Americans unemployed and soon 55 million Americans will be unemployed before elections! Nothing has slowed down except the rate of Americans getting onto unemployment benefits system! Capitalism ( communism in disguise ) is dying! It is no longer working for 80%+ of Americans!!!
Yes!
Yes PLEASE!
So in short... it's uncertain and that's the only thing we are certain about
Professor Shiller, I love your geekiness and I trust your judgement. Regards from New Zealand.
Excellent interview, both the questions and responses. Thank you!
Yes, we are a caring society that let people die because they don't have health insurance.
My wife works in ER. Your statement is false. They treat everyone in the ER and they often times don’t pay.
P Z it’s not about ER. It’s about treating chronic health problems that eventually land people in the ER. ER is just the final stage of the disease when it’s too late to fix it.
"Outlook is Uncertain"
Still stonks are going UP!
Stocks are out of touch with the economy at this point... especially when the federal reserve is doing whatever they can to make the economy survive by starting to essentially invest in high risk companies.
@@Xaero324 fed is pumping liquidity into stock markets in the name of QE
I think this has to happen because of US election also...
Trump want to keep market rising till Nov
The question is why should the fed and treasury have to be injecting liquidity. Where is all the cash generated by record profits and tax cuts? It's not in capital expenditures for growth or in employee wage increases. The vast majority has gone into stock buybacks and fed bonds. Driving up stock prices, artificially improving the balance sheet with cash equivalents(bonds), providing executive bonuses and shareholder wealth.
BTW: a substantial portion of those fed bonds issued to cover the debt they purchase, are bonds which would not have been issued had there not been a tax reduction. Meaning they are buying the debt they owed and we are paying them interest or price appreciation on top of having to pay the underlying debt!
I hate this mind numbing background music. Is that the whole point of it? Just have a serious conversation!
Suggestions for future interviews: Kai-Fu Lee, Tim Wu, Douglas Rushkoff, Eric Brynjolfsson,
and Enrico Moretti.
I see exurbs becoming more in demand....people want a little space to be safe.
And a place to grow food when the s&it hits the fan....
Jesus! Why does an interview need background music? It doesn't! Joe Rogan has 3, 4, sometimes 5 hour podcast interviews with no music and we all still tune in. Take a tip from the listeners.
it's easier to me to remember what he said because of those picture.
Your the best “Shiller”. Thanks CNBC
Suburbs market will go higher with more land spaces than the cities.
Too many ads.
What's with the annoying music loops in the background? It doesn't make the clip more interesting, and is distracting.
Agreed!
We should hear Mr Shiller more often with the passage of times ,time to time ,to help him guide and navigate us timely in this hour of saving livelihoods, it shall be of help to understand the various markets
This lady always bring such a cool and informative video👍🏽 thank you!
@@stevenbedrosian7310 Mainly because she asks a question and shuts her mouth until the expert has answered. Go figure.
This is good content CNBC. Keep it up 👍
The consumer will begin to owe more on their mortgage than they can afford. It’ll be as if their house price is now too expensive for them🤔😂 the government will counter act this with negative rates to pay the consumer and adjust for the deficit. Don’t believe me? We’re already getting massive stimulus checks & bailouts. Problem being, this will hurt the lower class that do not have access to debit or credit cards. Who would be able to cash their checks if nobody has cash rn?🤷🏻♂️
*Good!*
It costs 50k usd materials and the land is worth maybe another 50k, and heck, throw in a dozen extra for permits and utilities but the building is sold for 2 mil in the city. *Nothing* else has that much profit margins. It's abnormal and should be corrected.
The land for a building in the city that sells for 2 million is not sold for 50k. Probably over 1 million in your hypothetical. You also forgot labor costs. My house in LA for instance is worth about 600k. The land value is at least half of that. Supply and demand. I don't make the rules.
Many jobs require an industrial infrastructure. Difficult to perform at home.
Colleges have been putting some small amount of classes on television at least since late 1980's
Truth teller! Love Professor Shiller :)
Unprecedented in 2008, even more unprecedented in 2020...
Love the series! Very inspiring to have Shiller on the show. I would vote to have Dr. Kenneth French and Eugene Fama
Yes Fama and his stupid efficient market BS
@@rk-tn7zm I would not agree it is stupid
What else and how much more can the Fed prop up the markets? And won't they make the eventual collapse more spectacular?
Is it possible that we are experiencing good old "inflation" (secondary to repeated Quantitative Easing) only in certain areas such as real estate and equities but not in other areas such as food or large items (e.g. appliances)? Idk
Been noticing this. Whenever Elizabeth Schulze comes in a video, it's almost always about some bad news on the economy.
Maybe because there is little news. MAGA turned out to be a pipedream
Hardcore Absolute Fact: Americans will NEED the US Economy when there are livable wages of $24/Hour and up for all Americans ! Until then: RIP Crony Capitalism ( Communist) Rigged Economy ( that only benefits the rich and destroys everyone else )!
Hardcore Absolute Fact: 47 million Americans unemployed and soon 55 million Americans will be unemployed before elections! Nothing has slowed down except the rate of Americans getting onto unemployment benefits system! Capitalism ( communism in disguise ) is dying! It is no longer working for 80%+ of Americans!!!
I could watch her all day 🤤
She specializes in world economics. I've watched many of her videos on GDP, UBI, Davos meetings, etc. It so happens that the world economy is currently in terrible shape, so her videos reflect that.
She has a horribly nasal voice that carries bad news well
Love this series even if I don't watch every episode. :)
Wow, CNBC, this is top notch content
I agree, technology always has always increased the general public’s productivity but you need the political systems to play their part.
These American professors of Economics do not know any Economics. That was the reason they get Nobel prizes.
Understatement
Inequality will never go away because there is a group of society that benefits from the inequality of others
Aren't city home values just too much for a common man to bear, and if it suffers isn't it great!!!
amen brother
Not for the person who bought yesterday or earlier this year.
Yep
You’ll just get more foreign investors jumping in and bringing the value higher
@@BIGGOODBOY that will make the recover faster but there will still be a strong initial dip imo
4:44 I'm the type of person who gets energized from time alone, so for the longest time sentiments like "People like to be together, they don't want to be lonely and separated" didn't make sense to me. Since the pandemic some of my closest friends and some newer friends both have been talking to me how much they miss being with their coworkers in person, or how they miss being able to safely visit their family members that I'm starting to understand that just like most other things about human psychological behavior, how people react to close company with others varies a *lot*. And so ultimately there absolutely is a portion of the population who will never be entirely happy with online education and online socializing, even if I'm finding that perfect for my health and social needs.
I agree. I like being at home more.
👍🏾 I'm naturally a soloist type guy. So, all this stay @ home & social distancing is all typical to me
Hardcore Absolute Fact: Americans will NEED the US Economy when there are livable wages of $24/Hour and up for all Americans ! Until then: RIP Crony Capitalism ( Communist) Rigged Economy ( that only benefits the rich and destroys everyone else )!
Hardcore Absolute Fact: 47 million Americans unemployed and soon 55 million Americans will be unemployed before elections! Nothing has slowed down except the rate of Americans getting onto unemployment benefits system! Capitalism ( communism in disguise ) is dying! It is no longer working for 80%+ of Americans!!!
Totally understand where you are coming from. I grew up that same way and never really found a need to go out of my way to be with others. As I got older I found value in socializing and meeting up with family and friends but for the most part I want to be alone. It's a strange balance where some lean towards one side more than others. I think being versed in both aspects of life help you become adaptable to situations like this.
Good. Homes should have never been treated as investments. They were and it led to big cities becoming completely unaffordable.
Buying what you need is a good investment. Buying what you don't need and expecting it to go up is gambling. Cities are made unaffordable by slumlords and government policies that favor jobs and impede residential construction -not by homeowners. Big cities "success" over the past few decades is in large part due to attracting richer residents by pushing poorer ones out.
Exactly my point. I wouldn't care less about the price of my home -I only care about the comfort as a living space.
My outlook is uncertain, too. Because of Covid-19 I don't know what happens.
Such a great thinker!!! 👍👍👍👍👍 Best Coursera prof.
Despite what many of the environmentally "enlightened" seem to believe, I do NOT think it is best for mankind to cluster together in densely populated urban areas. If you do you must rely on huge central systems to provide your food, water, power, housing, transportation and security. This forces you to compromise the quality of your life and makes you much less capable of being self reliant. Ideally I would choose to live in a compact residence in a small rural town that provides for all my basic needs and is accessible to a major city via bus or train, an environment where I wouldn't need to own a car. I have lived like this in the past and it was incredibly cathartic. I often would sit on my front porch, watch the clouds roll by, see the stars at night, listen to the birds and crickets, watch the occasional deer or four pass by, and yet be near enough to my two closest neighbors (and friends) to say hi without shouting to them. Twas a SWEET time!
The Dems prefer dense large cities.
@@michaelcap9550 Mostly, but not always true. As is said "All generalizations are false, including this one."
i was able to work from home office for first time ever due to Covid , and the management found a that staff working from home our-worked hour for hour those same staff when in the main office. this fact has removed a huge obstacle to work from home. It took some discipline to work from home with my wife in the next room, but we came to a schedule and ended up having lunch together and going for a walk each day, plus a break together for tea at 10 and juice at 3. it has been great to save an hour a day not communiting = happier for sure.
only works for types of jobs that can be remote but that is a large segment of the work force these days.
Would like an impartial expert to address US debt crisis both economic and political solutions.
interesting points
TBH, a lot of office workers don't do a lot of critical work. The work is either nice to have or is supplemental to a bigger project.
The big projects are usually caused by or leads to unnecessary overspending.
Eventually, many of these jobs gonna get cut. Then companies will have more reason to cut down on office space. Possibly permanent.
Bernie Sanders has been talking about our inequality for decades - yet we have 2 candidates that haven’t discussed this in any depth. We also have an environmental disaster all over the US and he didn’t discuss the economic advantages of green policies and hardening of our infrastructure.
Mr Shiller is a knowledge boss.
Nice video. Keep it up
Robert Shiller sure is one of the most brilliant economists out there but my point of view is that printing money is not going to get us out of this recession and closing in economy won’t help either because we need to live and we need to presume our normal day to day activities I personally think that retail is still going to exist in some form or another and people want to have social activities. I also think that we are going to get worse in recession because the reason it is going to get worse is because the markets and stocks are overpriced and quite expensive and I think that there may be a general market correction where prices may become cheaper than they are right now I am currently invested in gold and silver because I think that they are sound investments
Outlook is uncertain. Really? Thanks for the insightful Nobel laureate info...
Boy, the high priced apartments landlords are seeing mass exodus. Bye to 2000 month rent for 1 bedroom.
How bout interviewing experts not residing or working for US for non-bias opinion from outside? Might be enlightening and less entitled or less of a comfort zone.
What a damn privilege to be able to talk to a Nobel Prize Winner. I can't imagine much that would be more interesting. Of course, any expert that is a leader in their field would be equally interesting.
In NYC I already see close to a 25% drop in recent rents. There is nothing to do here right now. The city offers things that you really can’t find on this scale anywhere else in the US. I see homes just outside the city like the Hamptons, Vermont in the mountains are in a bit of a rental and buying/building boom. Even very high end properties are finding renters rather than new buyers right now. I think the first big hit will be at the top of the market - the 50million dollar apartments are finding renters. At the lower end In Manhattan rents will start to drop significantly if a vaccine isn’t found. I think we are entering a strong buyer’s market. Right now you don’t see money on the sidelines picking up significant real estate but many may just cut their losses and loss their down payments goodbye if they need to stop financial damage. The city was under strain before the pandemic started. Workers were cash poor paying to live here. Rents and apt prices have been going up all over the US and people simply don’t have much left over at the end of the day. The whole situation is absurd.
I wish the interviewer would have asked Professor Schiller his opinion of the value of online university learning.
The term "inequality" was used a number of times. The professor should have defined this and cited statistics, even informally without oral annotation, of the phenomenon and the increase in it he alleges. The interviewer should have asked him about this.
Housing market is essential to be kept or control at affordable price , because moderate price will not increase inflation and contribute to quality life
I don't agree that housing prices close to city center will decline.
People should be flying on holiday exporting🦇 coronavirus again to countries that were recovering,was this imprudent?
He made a lot of "I don't know" statements.
I think it's foolish to think "positive". Any assumption that the "best of people" will come out during this crisis is foolhardy. Watching democratic institutions break down, the federal government failing to come through and the anxiety in general from people across all walks of life does not point to some sort of positive change coming from this. Change comes from pain. We are going to have to go through some pain.
I am not uncertain August September October is going to be the final stock market crash continued unemployment more rioting.... it is a lose-lose scenario
At least he is an Honest Man.. He said he DOES NOT know or have the answers for certain..
Investing on the online market is profitable in this economical condition especially when you have a professional guiding you on your investments.
Trends in the market are once again picking up, allowing this mechanical system to lock in more gains for the week.
Decided to close my trading account in long position for a small gain after strong resistance held off the bulls and as the risk environment remained strongly positive. What's your strategy or do you copy trades manually?
@@s.s.karena9886 I've my my funds diversified across various securities not just on stocks and I don't make this picks myself. I use trade signals from a US regulated broker and investment advisor Paul Helfer.
Ok what does Paul Helfer charge for his services?
@@s.s.karena9886 I pay a 20% of monthly Profits and you don't copy manually but you have control over your funds in auto trading and can opt out anytime. It's a subset of algo trading.
Please interview one of them Rothchilds!!!
So right now may not be the right time to get a house...?
pretty much WELCOME TO: GHOST IN THE SHELL WORLD FROM NOW ON
He said "we don't know" more than anything else.
But he knows that the biggest storm is on the way. He is trying not to incite panic in the markets and on the streets. The economic tsunami that is coming is going to be a slow wave that falls over us. Seek high ground, and good luck to everyone.
If private sector is laying off individuals then the public sector should follow. Also there should be a move away from the public pension system. They already have the opportunity to save through a 457b plan.
remenber : Economist are like the Weatherforecaster : normally, they descirbe the past, and they don´t have a clue (i learn´d it once). Bismarck in Germany stopped wetherforecard 150years ago because they were not helpfull, so the Guys in Potsdam had to be more relaiable, that all about them, it never stops...
Without the panic CNBC started on their network- it’s possible, none of this would have happened.
Working from home will change the face of many cities !
Deep down we r humans but
U.S.A what a lovely 💓 people..
I just completed his Coursera course...much respect.
Hardcore Absolute Fact: Americans will NEED the US Economy when there are livable wages of $24/Hour and up for all Americans ! Until then: RIP Crony Capitalism ( Communist) Rigged Economy ( that only benefits the rich and destroys everyone else )!
Hardcore Absolute Fact: 47 million Americans unemployed and soon 55 million Americans will be unemployed before elections! Nothing has slowed down except the rate of Americans getting onto unemployment benefits system! Capitalism ( communism in disguise ) is dying! It is no longer working for 80%+ of Americans!!!
Pretty boring stuff if i do so myself
Depends on what congress and the president does, if they do a good job then the market will continue to pump until spending start to decrease again. If they do it poorly well then a second bottom in the market.
Interview Nayef Al-Rodhan
We can now move forward to a completely stay home economy
A Noble Prize winner in economics admits he simply doesn't know what's going to happen. While I commend him for his honesty this goes to show economics isn't a real science: they simply cannot predict the economic future based on the current data. It's all smoke and mirrors without any real substance or usefulness.
"We've never seen this before". So basically economics is just specialized history: this historic event somewhat resembles what happens now therefore X. If no historical precedent can be found: blank.
"I wouldn't blame the Federal Reserve because it's a worldwide phenomenon". What do you think they're doing all across the globe professor Shiller? From the Bank of Japan to the ECB: creating liquidity at a staggering rate. That is what is driving asset prices up: there is no alternative (TINA).
He is brilliant at stating the obvious.
Can’t build more homes without sewage capacity etc.
This is the most attractive host on US TV for me.
Harvey Weinstein over here