Wouldn’t govt job cuts be non inflationary and help balance some of this out. Business owners make quick adjustments it’s possible we are over thinking Trumps inflationary effects.
@@christown6215 at what cost tho, unemployment going up? People shouldn’t have to lose their jobs for us to bring down prices and really if musk does what he did at X, that’s a lot of people just gone from government. I get he wants to cut cost and make things more efficient but I’m light concerned about their plans for the economy, government and foreign policy
If those government jobs are translated to private payroll and at same pay rate it could decrease government spending but if those people remain jobless it reduces the tax revenue and increases the deficit and debt.
@@carlosgamez6230 The government is the main driver of gdp growth right now, the private sector needs to grow again and spending reigned in. Why should government employees be immune from layoffs and only private sector employees deal with them?
@@Openminder321 I understand government overspends, I’m a Republican and fully stand behind cutting wasteful spending but Elon doesn’t strike me as the man with a plan. Beyond cool products his judgment and timeline is questionable at really come off as a power move rather than wanting to genuinely help society. And a lot of what Musk and Trump say regarding deregulation is concerning because every single time we decide to deregulate, companies/people abuse to system. Do we need more oversight and excessive regulation no, do we need common sense overall rules and consequences for those who break the rules yes. Long story short, I don’t think Musk is in position to bargain against himself or to run any official job with any quantatibe substance
The bloated federal government is contributing to the labor shortage. The people hired to get their votes for tax and spend Democrats aren't productive. They'll be more useful in the main street economy. The party's over. Government debt is at the end of its rope.
Modern capitalism doesn't work for the average guy. Billionaires are doing great, average folks not so much. Regardless if red or blue is in office, it's always profit over people.
Bringing prices back down (other than energy) could be a challenge. But wage growth can be created. Exceeding wage growth 4-5% over inflation (2.5%) will do it.
Tax cuts and tariffs are both inflationary, just through different routes. Tax cuts fuel demand, risking demand-pull inflation if the economy's already humming. Tariffs directly hike import prices, causing cost-push inflation. These two can easily team up to create a double-whammy of inflation, reminiscent of the 'guns and butter' policies of the 1970s that saw increased spending alongside trade restrictions.
Jay Powell won't allow them to be inflationary, you don't really see the political play that Donald is doing here. He knows what you are saying. Also, Saudi Arabia and US oil deal is what caused disinflation during Trump's time.
Trump needs to have businesses make & nanufacture something to sell something that coutries will buy. Right now we spend more than we income! If we don't make produce & market & sell something it doesn't any difference how many people voted for trump what matters is this enomous debt , the delollarization that LEGAL & no one can force a country to use dollars , most of the Global Southern countries don't have dollars in their central bank . They rather trade with each other using their own currancies
!I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $2m+ before retirement.
As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Kristine Lynn Weber 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.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Kristine Lynn Weber, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k 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.
Without a doubt! Kristine Lynn Weber 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.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?
Scott is right that you can't have it both ways in that tax cuts are inflationary and tariffs are inflationary. Powell was set to do an interest rate cut before election results and now supposedly re-thinking that rate cut. Don't know what economic factors changed since a couple days ago, except that Trump won the election in a landslide.
How could they not be inflationary? Increasing disposable income boosts spending (tax cuts), while reducing imports or making them more expensive (tariffs) only adds fuel to the fire by raising prices on imported goods. Together, it's a recipe for driving inflation even higher, especially when combined with falling interest rates. And if rates need to be raised again to control inflation, Trump's history of interfering with the Fed makes that extremely implausible.
he's the founder and ceo of key square group so he definitely got the credentials and the experience. i guess he's just not a good speaker like our current treasury secretary janet yellen.
He did fail. The problem is he's trying to say things that align with Trump's plans without saying they will cause inflation which they most likely will. He seems like a genuinely honest guy that has been put in a political situation in which he has to say things that he doesn't actually think are true. Not cut out for politics.
Yes. You can say that a tax cuts and tariffs are inflationary. Tariffs are an increased cost to suppliers. Tax cuts are increased liquidity direct to consumers. Who is this “expert” pretending that a tariff tax has the same impact as a consumer tax?
Tax cuts for the bottom income earners yeah, but tax cuts for people who will just save the money or do stock buy backs don't increase gdp or add revenue to government. When lower income get tax breaks they spend the money and increase productivity and create jobs.
Doesn't matter if he is boring it's NOT personality contests. He need a successful businessman
Wouldn’t govt job cuts be non inflationary and help balance some of this out. Business owners make quick adjustments it’s possible we are over thinking Trumps inflationary effects.
@@christown6215 at what cost tho, unemployment going up? People shouldn’t have to lose their jobs for us to bring down prices and really if musk does what he did at X, that’s a lot of people just gone from government. I get he wants to cut cost and make things more efficient but I’m light concerned about their plans for the economy, government and foreign policy
If those government jobs are translated to private payroll and at same pay rate it could decrease government spending but if those people remain jobless it reduces the tax revenue and increases the deficit and debt.
@@carlosgamez6230 The government is the main driver of gdp growth right now, the private sector needs to grow again and spending reigned in. Why should government employees be immune from layoffs and only private sector employees deal with them?
@@Openminder321 I understand government overspends, I’m a Republican and fully stand behind cutting wasteful spending but Elon doesn’t strike me as the man with a plan. Beyond cool products his judgment and timeline is questionable at really come off as a power move rather than wanting to genuinely help society. And a lot of what Musk and Trump say regarding deregulation is concerning because every single time we decide to deregulate, companies/people abuse to system. Do we need more oversight and excessive regulation no, do we need common sense overall rules and consequences for those who break the rules yes. Long story short, I don’t think Musk is in position to bargain against himself or to run any official job with any quantatibe substance
The bloated federal government is contributing to the labor shortage. The people hired to get their votes for tax and spend Democrats aren't productive. They'll be more useful in the main street economy. The party's over. Government debt is at the end of its rope.
a nominee by Trump I actually like. he seems to get why the economy does not work for the average guy.
Modern capitalism doesn't work for the average guy. Billionaires are doing great, average folks not so much. Regardless if red or blue is in office, it's always profit over people.
roc. Perhaps the dumbest comment in history.
Bringing prices back down (other than energy) could be a challenge. But wage growth can be created. Exceeding wage growth 4-5% over inflation (2.5%) will do it.
Well, we are in it now, let’s hope interest rates continue to come down
So you want inflation to go up?
Let Scott Bessent speak! You guys kept cutting him off constantly. Ignorant and annoying
peggy is a interrupt expert, i hope she learn how to respect the guest, Andrew is the second one.
CNCBC is a joke!
Tax cuts and tariffs are both inflationary, just through different routes. Tax cuts fuel demand, risking demand-pull inflation if the economy's already humming. Tariffs directly hike import prices, causing cost-push inflation. These two can easily team up to create a double-whammy of inflation, reminiscent of the 'guns and butter' policies of the 1970s that saw increased spending alongside trade restrictions.
On top of that, add deporting millions of low cost workers. It doesn't work.
Depending. You're talking about tax credit though..
Jay Powell won't allow them to be inflationary, you don't really see the political play that Donald is doing here. He knows what you are saying. Also, Saudi Arabia and US oil deal is what caused disinflation during Trump's time.
Of course CNBC loves this guy. He managed G. Soros fund for over 20 years. That by itself is screaming NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
We need Bessent to organize the migrant MMA league
😂
Judy Shelton for Treasury Secretary. She's a rock star. MAGA!
Trump needs to have businesses make & nanufacture something to sell something that coutries will buy. Right now we spend more than we income! If we don't make produce & market & sell something it doesn't any difference how many people voted for trump what matters is this enomous debt , the delollarization that LEGAL & no one can force a country to use dollars , most of the Global Southern countries don't have dollars in their central bank . They rather trade with each other using their own currancies
Certainly the rise of BRICS and their mission for de-dollarization is a threat to the US currency, hence economic growth.
Bingo
Bad feeling about Scott 👎
Is it all of his Soros connections?
It’s all about Bitcoin from now on. If you haven’t factored that in then your models are broken just like the current dollar system.
!I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $2m+ before retirement.
As a newbie investor, it’s essential for you to have a mentor to keep you accountable.
Kristine Lynn Weber 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.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Kristine Lynn Weber, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of
information can be a big hurdle. I've been
making more than $200k 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.
Without a doubt! Kristine Lynn Weber 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.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?
Dax down 1.2% hang seng down 2.2%
Tariffs layered in bingo
The bond market is not concerned about inflation under Trump ? Did he check his screen in the last few days ? what a puppet
Not the long tailend.
Scott is right that you can't have it both ways in that tax cuts are inflationary and tariffs are inflationary. Powell was set to do an interest rate cut before election results and now supposedly re-thinking that rate cut. Don't know what economic factors changed since a couple days ago, except that Trump won the election in a landslide.
How could they not be inflationary? Increasing disposable income boosts spending (tax cuts), while reducing imports or making them more expensive (tariffs) only adds fuel to the fire by raising prices on imported goods. Together, it's a recipe for driving inflation even higher, especially when combined with falling interest rates. And if rates need to be raised again to control inflation, Trump's history of interfering with the Fed makes that extremely implausible.
This interview was a job interview. He failed
Agreed
he's the founder and ceo of key square group so he definitely got the credentials and the experience. i guess he's just not a good speaker like our current treasury secretary janet yellen.
He's the smartest guy on Wall Street you sir are slow
He did fail. The problem is he's trying to say things that align with Trump's plans without saying they will cause inflation which they most likely will. He seems like a genuinely honest guy that has been put in a political situation in which he has to say things that he doesn't actually think are true. Not cut out for politics.
So you're wrong....
Lololol. You know those tax cuts to help the middle class? Yeah we can’t do those. Jk about all that
One time adjustment is a major stretch. he is talking out of both side of his mouth
I don’t like this man he reminds me of Biden he prattles on an LOOKS shakey and Nervous !!!!!!!!!!!!!!!!!
Yes. You can say that a tax cuts and tariffs are inflationary. Tariffs are an increased cost to suppliers. Tax cuts are increased liquidity direct to consumers. Who is this “expert” pretending that a tariff tax has the same impact as a consumer tax?
Tax cuts for the bottom income earners yeah, but tax cuts for people who will just save the money or do stock buy backs don't increase gdp or add revenue to government. When lower income get tax breaks they spend the money and increase productivity and create jobs.
@@CWoo-l2vgood point.
Ugh..so THIS is who beat out the likes of Kevin Warsh etc..? Terrible esp on TV. Geezus!
Get this bissent guy out of here. Another beaurocrat that thinks he knows anything.
Very boring guy