Been a fan of Wall Street Week for a long time for its non-partisan commentary. But quite disappointed that they brought in Mr. Effron to talk about the presidential debate when he is clearly partisan in favor of Harris advising her in economic policy.
He simply pointed out a trend the economy does better under Democrats. It's not an endorsement nor is it a guarantee, I don't see how it is clearly partisan? No one knows the future, shows like this are to analyze history and apply it to what we are seeing now. Just like the yield curve historical evidence does not predict everything but you have to bring it up. The rational middle has to constantly stamp down comments like this as radicals never see how neutral comments like these are. Is the quest hard on Trump yes, because he is not seeing attention where the guest would want it to be, that is it as far as I can see it.
More than anything we need balance, he provided a much more balanced view. Including the fact that Markets have done better under Democratic presidents because of Stability. Less chaos.
@@dipankarchatterjee9416 While I agree that he had a somewhat balanced view, particularly in the second segment, I would still argue that Mr. Effron's statements on policies were skewed in that he didn't provide any caveats of possible risks of a Harris administration (e.g. he failed to mention Harris' track record as a career politician). Regardless of what he said, it is more incumbent for the show producers to choose someone who has little to no conflict of interest. Regarding the markets doing better under democratic presidents because of "stability" requires more nuance, especially considering the tremendous market volatility experienced over the past 2 years.
Don't change the format of Wall Street Week, Bloomberg! The (generally) unbiased expertise on prevailing market topics is why I watch every single week. The new format looks to be the same old public relations for companies/industries that we see everywhere else and I unfortunately think I'll stop watching. Leave that to others, what you're doing now is higher value
I have a bad feeling about this. ... destroying a great institution, Wall Street Week. Well, this near certain screw up will create an opening for someone else's version of WSW.
Invest in Bitcoin before retiring by diversifying across assets, allocating a small portion of your portfolio, staying updated on market trends, and considering long-term holding to balance risk and growth.....
A difference not mentioned in the economic comparison of 2019 and 2023 was that the fiscal deficit in 2019 was about 4 percent of GDP and in 2023 it was 7 percent of GDP. One was high, the other was dangerous and unsustainable.
With all due respect I do like my products from China I know a lot of good people from there I enjoy eating their food with them. But I'm sorry the leadership of China isn't helping shine up by being a bully Nation for how they want to help Russia be a bully Nation as well but also how China bullies Philippines which not enough people talk about that China has invaded numerous Islands from Philippines stolen an entire River or ocean from Philippines which was vital to Philippines revenue for it is rich in minerals Philippines needs to have all that given back to them by China so many people say that China is a bully Nation in Philippines is a star victim of China
Not earning enough? Or not saving enough? That is the question for housing affordability. Compare homeownership between native-born Americans and second generation immigrants .
There are so many ways to take this guy apart but let’s pick an easy one. Kamala is fiscally responsible etc etc. and he says it with a straight face. 😅
Ms. Deborah Lehr - Excellent overview re state of affairs in China. If she is willing to "share more" please invite her back; it is a deeper story still. And, more topic authorities in general please...especially re policy, macro, and global top-line business topics. (Gina Raimondo, Janet Yellen -- before or just after they leave office...these two have been "heroes" of the Biden Admin, IMO.)
Fairness was a foundational principle of taxation for the late Richard Musgraves at Harvard. This idea of taxing unrealized capital gains is the most unfair proposal I’ve heard in my life. It’s crazy; but these sorts of ideas proliferate as punishment if we neglect fiscal prudence for decades.
@3:40 How is she going to pay for this? "She is incredibly focused on fiscal discipline..." BULLSH!T🤣🤣 ...and yeah, good luck with the billionaire's tax. Believe it when I see it.
Why should I, single mother working two jobs to pay my bills pay more taxes that someone get $25000 gift to buy house? Lies of government is nauseous Leave people alone!
Chinese 🇨🇳 property sector, which accounts for 30% of GDP, is crashing. - Exports and imports, accounting for 37% GDP, are down. - Foreign investment (FDI) is falling over 90%, lowest in 3 decades. - Foreign visitors are down 96% compared to the pre-pandemic level in 2019. *- Consumer prices are experiencing deflation.* - Youth unemployment hits over 21%, a record. - Its fast-shrinking workforce is 10 years older than neighboring countries. *Still, China keeps reporting outrageous GDP numbers.* Lol Where does the growth come from?
you numbers are all wrong. You can track China trade balance using foreign custom data. Aggregation of WW custom data shows China trade surplus over 800B$ in 2023, and heading to 1Trillion in 2024. With this inflow who needs FDI ? And how do you have such export vol without healthy industries ? China's trade surplus as tracked by foreign customs shows your number are all wrong.
Why bring on an advisory to Harris for a financial show to share his biased opinion on the debate. Please tell me one thing, 1 thing, that Harris has done in her career showing any knowledge of business or finance or managing a budgeted enterprise or government? Right. Harris is running for President, fine, but don't waste my time telling me that she is relevant to Bloomberg. Puke! I will say thanks for putting this at the beginning of the show, first thing, so I can tune to another video and not waste 47 minutes of my time.
Sure miss those flashbacks or from the archives usually presenting Louis Ruchauser especially now would be a perfect time to have those flashbacks especially with what he had to say with balancing the federal budget back then
Good interview with Blair Effron of Centerview. Thought it was balanced. He’s right to point out Markets have done better under Democratic presidents because of better balance. Less Chaos. Better balance between legislative and executive branches in general.
Duties or income tax increases will harm GDP either way. However, democrat tax policies tend to rub rich to pay poor. Republicans tend to have everybody suffer a bit. I remember an old joke my boss told me decades ago: politicians already have their hands in my right pocket but democrats want to their hands in my left pocket too!
Let's not forget the impact of Airbnb on rents. In my small AZ town, Airbnbs have consumed many properties that were previously marketed as rental units and the AZ state government forbids local governments from enacting ordinances that would deal with the problem.
We will need to be careful about more land developing for more housing decades from now the population is expected to taper off because the population has been said to be growing at a slower rate. We also need to be careful about all this development that has already been going on as to why there have been foxes and bears going into develop neighborhoods before they get driven away from development that's been going on too close to them
Why? Is the new version not supposed to be so politically-slanted in favor of left-wing, Marxist, globalist, elitist, jackass; like the first guest that they squandered almost half the show on? If I want unmitigated COMMUNISM shoved down my throat..I'll subscribe to Pravda.
No.1, General tariffs are a regressive tax that would impact low and middle-class consumers the most because many of the items at Walmart and other discount stores are made in China. No. 2, the Trump trade would favor defensive stocks because Trump's economic plans are highly inflationary and would force a reversal of monetary policy. The Harris trade, ???. No.3, Harris's intention to be fiscally responsible, i.e. raise taxes, would require Republican support which is highly questionable.
Wow, the fix is in. I feel sorry for the rest of the world. A war is coming to a neighborhood near you. I feel sorry for the loyal AM inhabitants in this country, same s)(!+ different underwear. And it starts with kisses and end with tears for innovative companies and startups. This country needs a reset. Trump Bigotry got the best of him. But some ideas for the country need to be applied. We can’t Roman Empire decline this place as yet. ( Inflation speed it up)
Mr. Blair Effron was one of the best guest you have had. It would be great if he could be a regular contributor to WSW, he is very articulate, knowledgeable, and a pleasure to watch.
Regarding the critics on the subsidies plan on housing loans, there is a live case happening in Taiwan to refer to. To lure people to vote for incumbent DPP，a government sponsored program is released last August and will end in July 2026. Only a year, house prices surged to an incredible degree 😢. Here, the overall house price to income ratio is 22 already in 2023!
The Harris White House needs to create a federal commission to study and provide recommendations for deregulation. Also, a down payment subsidy is a mistake.
Gaslighting!! When you take away COVID and the housing market crash numbers are significantly different Then te rebound of TARP 1 &2 and the reopening of the economy those numbers are very different As I mentioned gaslighting
Quid Pro Quo - Something for Something. The US partnered with China and decades later the dance is slowing. Ironically both real estate sectors are hurting. China has a glut of properties and ours a deficit. Monetary policies can be adjusted to mend imbalances. Tariffs would be a mistake. Many products we buy at major retail stores depend on this relationship. The tech stuff that is developed in Taiwan must coexist. I am worried about national security issues that may fracture our delicate relationship there.
It appears that the housing issues are more local than national to be addressed by the president. Kamala proposal to give handout to new buyer will just inflate the price of housing like college tuition because the developers know that too.
Completely misleading idiotic argument about house prices. The prices didn't go up because of fewer houses being built. They went up because of free money which went to asset price inflation in all assets...that has gone on from late 1990's. And because of fiscal profligacy there is a lot of money in the system still which will prevent prices falling. The issue of millennials and gen-z not being able to buy is for those without richer boomer parents. Building more will simply mean more assets get cornered by the rich...so this is a fiscal (tax) and monetary (interest rate) issue in the near future.
@@jackjanpour8532 When Bloomberg say deflation spiral they mean Chinese buying 100 RMB bag instead of 2000$ VL hand bag. This recentment of Global brands' underperformance in China is their meaning of deflation.
Chinese have a huge portion of their life savings in housing. With prices going down it reduced their net worth, puts them under huge financial strain meaning they can’t afford expensive things and that is why there is a deflationary cycle.
Our housing affordability is your thesis for what’s wrong with capitalism then you obviously know nothing about communism where the prc has seen in real terms increase in housing prices that dwarf anything we’ve seen in the western hemisphere. In real terms in the last decade Chinese housing has crushed the rate of appreciation of America and Canada and Australia combined. Finallly peaking in 2022.
Been a fan of Wall Street Week for a long time for its non-partisan commentary. But quite disappointed that they brought in Mr. Effron to talk about the presidential debate when he is clearly partisan in favor of Harris advising her in economic policy.
🎻
He simply pointed out a trend the economy does better under Democrats. It's not an endorsement nor is it a guarantee, I don't see how it is clearly partisan? No one knows the future, shows like this are to analyze history and apply it to what we are seeing now. Just like the yield curve historical evidence does not predict everything but you have to bring it up. The rational middle has to constantly stamp down comments like this as radicals never see how neutral comments like these are. Is the quest hard on Trump yes, because he is not seeing attention where the guest would want it to be, that is it as far as I can see it.
More than anything we need balance, he provided a much more balanced view.
Including the fact that Markets have done better under Democratic presidents because of Stability. Less chaos.
@@dipankarchatterjee9416 While I agree that he had a somewhat balanced view, particularly in the second segment, I would still argue that Mr. Effron's statements on policies were skewed in that he didn't provide any caveats of possible risks of a Harris administration (e.g. he failed to mention Harris' track record as a career politician). Regardless of what he said, it is more incumbent for the show producers to choose someone who has little to no conflict of interest.
Regarding the markets doing better under democratic presidents because of "stability" requires more nuance, especially considering the tremendous market volatility experienced over the past 2 years.
Don’t worry, the house always wins.😊
Don't change the format of Wall Street Week, Bloomberg! The (generally) unbiased expertise on prevailing market topics is why I watch every single week. The new format looks to be the same old public relations for companies/industries that we see everywhere else and I unfortunately think I'll stop watching. Leave that to others, what you're doing now is higher value
I have a bad feeling about this. ... destroying a great institution, Wall Street Week. Well, this near certain screw up will create an opening for someone else's version of WSW.
Invest in Bitcoin before retiring by diversifying across assets, allocating a small portion of your portfolio, staying updated on market trends, and considering long-term holding to balance risk and growth.....
@@seanhibbeler that’s right sean
Blair is always great insight and commentary.
A difference not mentioned in the economic comparison of 2019 and 2023 was that the fiscal deficit in 2019 was about 4 percent of GDP and in 2023 it was 7 percent of GDP.
One was high, the other was dangerous and unsustainable.
With all due respect I do like my products from China I know a lot of good people from there I enjoy eating their food with them. But I'm sorry the leadership of China isn't helping shine up by being a bully Nation for how they want to help Russia be a bully Nation as well but also how China bullies Philippines which not enough people talk about that China has invaded numerous Islands from Philippines stolen an entire River or ocean from Philippines which was vital to Philippines revenue for it is rich in minerals Philippines needs to have all that given back to them by China so many people say that China is a bully Nation in Philippines is a star victim of China
Not earning enough? Or not saving enough? That is the question for housing affordability.
Compare homeownership between native-born Americans and second generation immigrants .
There are so many ways to take this guy apart but let’s pick an easy one. Kamala is fiscally responsible etc etc. and he says it with a straight face. 😅
America can use some deflationary spirals.
Ms. Deborah Lehr - Excellent overview re state of affairs in China. If she is willing to "share more" please invite her back; it is a deeper story still. And, more topic authorities in general please...especially re policy, macro, and global top-line business topics. (Gina Raimondo, Janet Yellen -- before or just after they leave office...these two have been "heroes" of the Biden Admin, IMO.)
Thanks
So... where is $25,000 of tax payer money per home buyer going to come from?
Those with three or more homes
Wall Street Week
09/13/2024
If she is giving new home buyers $25K, how about making it retroactive to all who bought before?
Where is all that money coming from when government is paying over a trillion dollars in interest payments only? Taxes.
Fairness was a foundational principle of taxation for the late Richard Musgraves at Harvard. This idea of taxing unrealized capital gains is the most unfair proposal I’ve heard in my life. It’s crazy; but these sorts of ideas proliferate as punishment if we neglect fiscal prudence for decades.
@3:40 How is she going to pay for this? "She is incredibly focused on fiscal discipline..." BULLSH!T🤣🤣 ...and yeah, good luck with the billionaire's tax. Believe it when I see it.
Decouple from China.
Why should I, single mother working two jobs to pay my bills pay more taxes that someone get $25000 gift to buy house?
Lies of government is nauseous
Leave people alone!
Chinese 🇨🇳 property sector, which accounts for 30% of GDP, is crashing.
- Exports and imports, accounting for 37% GDP, are down.
- Foreign investment (FDI) is falling over 90%, lowest in 3 decades.
- Foreign visitors are down 96% compared to the pre-pandemic level in 2019.
*- Consumer prices are experiencing deflation.*
- Youth unemployment hits over 21%, a record.
- Its fast-shrinking workforce is 10 years older than neighboring countries.
*Still, China keeps reporting outrageous GDP numbers.* Lol
Where does the growth come from?
you numbers are all wrong. You can track China trade balance using foreign custom data. Aggregation of WW custom data shows China trade surplus over 800B$ in 2023, and heading to 1Trillion in 2024.
With this inflow who needs FDI ? And how do you have such export vol without healthy industries ?
China's trade surplus as tracked by foreign customs shows your number are all wrong.
@@joem0088That's included in the Export/Import. They are both down.
China collapses again? It's been barking like this since your grandfather. .
What about the USA numbers, fake job growth, all the numbers will get revised again.
Why bring on an advisory to Harris for a financial show to share his biased opinion on the debate. Please tell me one thing, 1 thing, that Harris has done in her career showing any knowledge of business or finance or managing a budgeted enterprise or government? Right. Harris is running for President, fine, but don't waste my time telling me that she is relevant to Bloomberg. Puke! I will say thanks for putting this at the beginning of the show, first thing, so I can tune to another video and not waste 47 minutes of my time.
Sure miss those flashbacks or from the archives usually presenting Louis Ruchauser especially now would be a perfect time to have those flashbacks especially with what he had to say with balancing the federal budget back then
Tariff ship has sailed boys, and both sides are onto it, so work around that one.
Bringing $500 billion of illicit activity into the corral - what could go wrong?
Great to hear about the new format taking the current content to the next level. Sure looking forward to seeing this value added editions.
Good interview with Blair Effron of Centerview. Thought it was balanced.
He’s right to point out Markets have done better under Democratic presidents because of better balance. Less Chaos.
Better balance between legislative and executive branches in general.
Neither supply nor demand pronlem
Duties or income tax increases will harm GDP either way. However, democrat tax policies tend to rub rich to pay poor. Republicans tend to have everybody suffer a bit.
I remember an old joke my boss told me decades ago: politicians already have their hands in my right pocket but democrats want to their hands in my left pocket too!
Let's not forget the impact of Airbnb on rents. In my small AZ town, Airbnbs have consumed many properties that were previously marketed as rental units and the AZ state government forbids local governments from enacting ordinances that would deal with the problem.
We will need to be careful about more land developing for more housing decades from now the population is expected to taper off because the population has been said to be growing at a slower rate. We also need to be careful about all this development that has already been going on as to why there have been foxes and bears going into develop neighborhoods before they get driven away from development that's been going on too close to them
We know what she says she's going to do, what of Congres? What of senate ? Executive orders on the go so far
Looking forward to the new generation of WSW!!!!
Why? Is the new version not supposed to be so politically-slanted in favor of left-wing, Marxist, globalist, elitist, jackass; like the first guest that they squandered almost half the show on? If I want unmitigated COMMUNISM shoved down my throat..I'll subscribe to Pravda.
Why not do this now?
Sharma isnt American...he doesn't know what hes talking about..come on producers..seriously
well if the cable companies were not so greedy and did not charge 120+ a month more people would probably have it
No.1, General tariffs are a regressive tax that would impact low and middle-class consumers the most because many of the items at Walmart and other discount stores are made in China. No. 2, the Trump trade would favor defensive stocks because Trump's economic plans are highly inflationary and would force a reversal of monetary policy. The Harris trade, ???. No.3, Harris's intention to be fiscally responsible, i.e. raise taxes, would require Republican support which is highly questionable.
Wow, the fix is in. I feel sorry for the rest of the world. A war is coming to a neighborhood near you. I feel sorry for the loyal AM inhabitants in this country, same s)(!+ different underwear. And it starts with kisses and end with tears for innovative companies and startups. This country needs a reset. Trump Bigotry got the best of him. But some ideas for the country need to be applied. We can’t Roman Empire decline this place as yet. ( Inflation speed it up)
Mr. Blair Effron was one of the best guest you have had. It would be great if he could be a regular contributor to WSW, he is very articulate, knowledgeable, and a pleasure to watch.
Regarding the critics on the subsidies plan on housing loans, there is a live case happening in Taiwan to refer to. To lure people to vote for incumbent DPP，a government sponsored program is released last August and will end in July 2026. Only a year, house prices surged to an incredible degree 😢. Here, the overall house price to income ratio is 22 already in 2023!
The Harris White House needs to create a federal commission to study and provide recommendations for deregulation. Also, a down payment subsidy is a mistake.
Gaslighting!! When you take away COVID and the housing market crash numbers are significantly different
Then te rebound of TARP 1 &2 and the reopening of the economy those numbers are very different
As I mentioned gaslighting
Ephron is a disgrace - out of touch ....
Quid Pro Quo - Something for Something. The US partnered with China and decades later the dance is slowing. Ironically both real estate sectors are hurting. China has a glut of properties and ours a deficit. Monetary policies can be adjusted to mend imbalances. Tariffs would be a mistake. Many products we buy at major retail stores depend on this relationship. The tech stuff that is developed in Taiwan must coexist. I am worried about national security issues that may fracture our delicate relationship there.
Only in CA so far are ADU’s, build a rental or granny/young adult child living unit on a property without increasing property taxes on the property.
It appears that the housing issues are more local than national to be addressed by the president. Kamala proposal to give handout to new buyer will just inflate the price of housing like college tuition because the developers know that too.
that first guys is so full of dog poo poo 😂😂😂 enjoy 💅 little one :-*
Mr. Blair Effron - please have him on at least once each quarter...he has an admirable ability to make muddy waters clear...
SMEs?
Blair Effron is such a liar
Blair Effron stud jus Sweating for (Her)
Completely misleading idiotic argument about house prices. The prices didn't go up because of fewer houses being built. They went up because of free money which went to asset price inflation in all assets...that has gone on from late 1990's.
And because of fiscal profligacy there is a lot of money in the system still which will prevent prices falling.
The issue of millennials and gen-z not being able to buy is for those without richer boomer parents. Building more will simply mean more assets get cornered by the rich...so this is a fiscal (tax) and monetary (interest rate) issue in the near future.
❤ 😇
China's deflation ? Only in housing prices.
That's what we need here! Lower housing prices.
@@jackjanpour8532 When Bloomberg say deflation spiral they mean Chinese buying 100 RMB bag instead of 2000$ VL hand bag. This recentment of Global brands' underperformance in China is their meaning of deflation.
Chinese have a huge portion of their life savings in housing. With prices going down it reduced their net worth, puts them under huge financial strain meaning they can’t afford expensive things and that is why there is a deflationary cycle.
@@joem0088 I don't care. We need deflation here too.
@@MD97531 Have you look at North America numbers? How many home owners don't have retirements? look up. 2008 recession.
Please don't F* Up Wall Street Week
Trump 2024 MAGA. Thank you folks. 😅😊
🙏🏼✨🙏🏾
Our housing affordability is your thesis for what’s wrong with capitalism then you obviously know nothing about communism where the prc has seen in real terms increase in housing prices that dwarf anything we’ve seen in the western hemisphere.
In real terms in the last decade Chinese housing has crushed the rate of appreciation of America and Canada and Australia combined. Finallly peaking in 2022.