The economy is not in good shape: Art Laffer
ฝัง
- เผยแพร่เมื่อ 30 ม.ค. 2024
- 'Kudlow' Kevin Hassett and Art Laffer react to the affordability crisis and increasing productivity in the economy.
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First of all, this whole economic chaos was powered by optimism that the FED is done with hiking interest rates. Now that interest rate crash is the situation, where do we go from here? How would you advise I safely allocate $250k funds at this point?
The market is volatile at this time, But doesn't the Federal Reserve's monetary policy and low interest rates contribute to the current valuations? hence I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/ETF you focus on.
Agreed, my portfolio is well-matched for every market season yielding 85% from early last year to date. I and my CFP are working on a 7 figure ballpark goal, tho this could take another year. IMO, financial advisors are the most sought-after professionals after doctors.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
'Natalie Marie Tuttle' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Every crash or collapse offers an equal market opportunity if you are well prepared and knowledgeable. I've seen people accumulate up to $800,000 during crises and even pull it off with ease in a bad economy. Without a doubt, the bubble or crash has made someone extremely wealthy.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k
Please who’s this advisor that guides you?
Marisol Cordova is the licensed advisor I use.
Just research the name. You'd find necessary details to work with to set up an appointment
Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call.
Art Laffer is a young 83. Great man!
Oh, man that guy is fantastic!
Art is my most respected Economist.
His theory has not panned out. The deficit did not go down when taxes were cut. In fact, Reagan was the beginning of significant deficits
Bird brain Kudlow and Trump left Biden the worst economy since the depression.
He still owes Peter Schiff a penny from the bet he lost on air, though. Add 'welcher' to his resume.
I love how Jessica Tarlov said the economy is doing well when most of the spending is government spending
I think you can blame Mr. Trump and the companies who care for themselves more than the people they represent 😢😢
81%of this 3.1% increase was government ....your right...its government spending
@@ChuChuBelo you missed your calling ...at the spelling bee comp.👍
@@peteranderson2687and Mr Biden forcing a failed EV "technology" onto the consumer whilst implementing govt payoffs for this failed product has nothing to do with the layoffs we're seeing now?
Government hiring and medical industry hiring is where job growth came from
Art Laffer is a timeless national treasure, sharp as ever & absolutely spot-on. Cheers!
👍
Art Laffer isn't an economist, he's a complete joke. Nothing that comes out of his mouth. Makes sense. He's estranged from economist profession because of his BS.
@@Benji77178 I LOVE THE REAGAN YEARS
@@Benji77178Cry more whiner.
Loser ruined the country.
The People Know How Bad It Is Out Here !We’re Hurting !
Now compare 83 year old Art, to Biden at 81
Art acts 25 compared to Biden !
No comparison 😂
😂 thats Bidens Democrat lifestyle
Ever consider Candidacy, Art?
Nashville living is good for you. 😅
Food inflation is 25%. Layoffs are starting at large companies. Many of our system reports are not truly accurate. Debt! Debt! Debt! Auto industry is collapsing along with the loans on them. Fed moves are temporary fixes usually building more debt & watering down money supply. Major investment & holding companies are close to big corrections. A lot of this is institutions playing the political game. Most of all, Americans are facing constant twisting of our Constitutional given rights. This is a disaster being propped up once again for an election year. Everything is gaining on Americans & we will need the best LEADERSHIP ever to get through these times!!!
The US Government wants to go to digital currency, this to me is a Red Flag moment. I strongly believe that digital currency will lead to an authoritarian dictatorship. Digital currency is how they will control the masses, the government will decide how much money we are allowed to have, what to buy, ECT. In other words do you want a corrupt government control your money.
Be careful, you might be turned into the liberal thought police, (youre too close to the truth)
Not to mention they can't truly measure HOW many working age people just quit trying
Actually, your wrong. GM had a great quarter and forecasted strength. Ford also jumped on good earnings and demand. TESLA borrowed 500,000 million from tax payers but paid it back. Consumers are actually feeling better. No recession, a little slower. Stunning US is doing so well.
Home Prices, Rent, Food,Energy…everything we need to survive has gone out of site !
7 million working age Men have quit looking for work too
@@hugh2hoob668unemployment is lower than it ever has been lmaooo
With all of the current events happening in the economy, what is the best approach to profit from the present market? I'm still debating diversifying my $400k stock portfolio to obtain some profits while minimizing risk.
I guess it's important to reassess your investment strategies based on current market conditions. You should also consider a market expert to guide you.
Having an investment adviser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $220K that made it clear there's more to the market that we avg joes don't know
that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you.
I need a guide so i can salvage my port-folio and come up with better strategies. How can one reach this advisor?
*Natalie Marie Gentry* is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
That man looks awesome for 83!!!!!
I've seen people 20 years younger who look worse...and they don't have the mental acuity either.
@@jaycarver4886nope
Art Laffer knows his stuff and its great to see Mr. Laffer on Kudlow; Respect Mr. Kudlow's expertise !
If Kudlow was such an expert, why did he lose America 15,000,000 jobs when he was Trump's economic advisor?
As for Art, why couldn't he compare Biden's economy to any other President's economy (especially Trump who had the worst economy in our nation's history)? Because he couldn't. He literally had to cherry pick different data from different presidencies to compare to them to President Biden's economy. Think about that.
America hasn't seen this kind of a comeback since Obama rescued us from George Bush's Recession and Clinton rescued us from George Bush Sr's Recession.
That's all Republicans are good for, is leaving Americans in Recessions going all the way back to Reagan who also left the country in a Recession.
Government spending is a major component of GDP so it is an irrelevant number. What I see out there are a LOT of people with no money
I have money.
@@BrokenWill Pennies don't count for much.
And the numbers are always revised down.
@@BrokenWill for 23 years I’ve been in the car business in Las Vegas. I’ve sold over 9000 vehicles and I have never seen so little money on the streets. People are broke.
@@johnfaris5376 I'm not
A number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than $850,000 before I turn 65, I would appreciate any advice on potential investments.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
Time horizon? Financial advisor, but research.
The economy is collapsing. There are massive layoffs nationwide in all fields. When FedEx lays off a large percentage of their drivers. You know there are big problems in the economy and the trucking industry in general, which is been strong for many years is having massive layoffs today.. 65% of the American people can’t pay their bills without a credit card. Interest rates are still high, virtually freezing, the housing market, and the new car market. Used cars are going down in price because people are desperate and they need to raise cash. Fuel prices are down in spite of OPEC cutting production because the economy is collapsing. Government jobs are being made up Concealing the true unemployment rate. The government is about the only one hiring people today. The government is adding $1 trillion to the national debt every quarter.
UPS is laying off thousands also
You forgot, joe biden is going to get us all killed! He's terrible at foreign policy!😢
"The HIGHEST inflation in FORTY years." states it all.
Yes, while the gdp is up and often touted, savings are down, prices are way up, wages for low level jobs are up but that just devalues everyone that doesn't get raises in step. Credit card debt is way up and loan delinquencies are rising. These are all bad signs for what is coming.
When everyone was wrong about the predictions in the past, we often later found out that government was cooking the books to make things sound better. It's election year accounting.
“Economic growth numbers are increasing? What did we miss?!”
“In other news, US national debt has skyrocketed and is accelerating while government jobs and power continue to expand”
Exactly it’s all built on a house of debt, the same experts that said inflation was transitory are now saying there is nothing to worry about. 😂
Just listen to Yellen or the other dozen members on the spending committee and you will see US debt is a major major major problem coming in the next couple years
We can't ignore the potential impact on portfolios. Bonds are often considered a safe haven, and if they crumble, investors like me might scramble. I’ve been investing for 11 yrs and my $1m portfolio has never been this depleted, how i do hedge this?
In fact, markets have incorrectly priced in such a pivot six times over the last two years, according to Deutsche Bank, which sounded cautious about this seventh time. Still showing us why pointers from market experts are essential
A lot of folks downplay the role of advisors until being burnt by their own emotions. I needed a good boost to stay afloat, hence I engaged the services of a true market strategist to help rejuvenate my $700k portfolio and boost performance and returns by 40% in a little over four years.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
Leila Simoes Pinto' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Keyfood supermarkets should be investigated because that is no way the foods in their markets costs their owners $12 for small box of cereal
WRONG. You are an economic illiterate.
High food prices started at the Fed when they started printing money.
we need to end the stock market
Get a life 😮
@@bobshagit-io8lq
..good one!
The people that like to gamble can make side bets, or take their money to casinos.
The Stock Market affects prices of commodities and the buy-sell of currencies 24/7 affects both rate of exchange and the purchasing power of currencies, and that is only two examples of pushing price at each part of the supply side.
@@bobshagit-io8lq
..good one!
The Stock Market affects prices of commodities and the buy-sell of currencies 24/7 affects both rate of exchange and the purchasing power of currencies, and that is only two examples of pushing price at each part of the supply side.
This economy crisis/collapse might eThis economy crisis/collapse might end up being a part of us for a very long time. With inflation currently at about 9%, my primary concern is how to maximize my personal & retirement savings of about $780k which has been sitting duck since forever with zero to no gains. What is the safest investment to make now?
I'd advice you read up some good books on finances and investing, or just you get yourself a financiaI-advsor that can provide you with entry and exit points on the shares/ETF you want to focus on.
@tommyers I agree, having a portfoIio-advisor for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with a license portfolio-advisor. In a nutshell, i've accrued over $620k with the help of my advisor from an initial $120k investment thus far.
It's a good time to buy and basically I've just got cash sitting duck in the bank too and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up?
Aileen Gertrude Tippy guides me. She works with Empower FinanciaI services. But there are a lot of independent advisors you might look into. For me, her strategy works hence my result. She provides entry and exit point for the securities I focus on
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Infatuation didn’t come down in a grocery supermarkets . The food markets taking advantage of this and raising food prices every week. Box of cereal now cost $12
I think you can blame Mr. Trump and the companies who care for themselves more than the people they represent 😢😢
Stop eating then. Not smart are you😮
Sorry, but there was no inflation under Trump.
Idk when I go to the grocery store it’s as if a hurricane or bad storm is coming in but there isn’t. There’s nothing there. People don’t seem to care if cereal is $12.
@peteranderson2687 speak for yourself 🤓 🖕
This just made me lose respect for Fox News. Anyone who looked at 2023’s numbers and said it is looking good has no idea what they are talking about. Inflation is beating wages in the workplace more than ever before. Over the past 3 years I have seen Americans lose wages, jobs, and housing. I have not been able to recover from being laid off in the airline industry since the start of COVID. I went from making $20/hr in 2020 to $18.50/hr in 2024. Our rent, utilities, and expenses has only went up more.
Sorry about your experience, but that isn’t the norm, and anecdotes ≠ data. Wage growth has outpaced inflation since 2023.
Larry, nice to see you still at it. What a veteran of the mic, both TV and radio. And from government offices.
Given the uncertain economic conditions and heightened global tensions, I'm considering investing over $800k in stocks. However, I'm uncertain about how to minimize potential risks.
Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions.
Right, when it comes to situations like this, it's ideal to engage in various options using an advisor, and I can attest to success of the basket approach seeing my portfolio grow from $350k to almost $1m in barely 3 years, by far my best financial milestone.
think you could suggest any professional/advisors i can get on the phone with?
Nicole Desiree Simon is her name. She is regarded as a genius in her area and works for Empower Financial Services
Thanks for the advice. The search for your coach was simple. I investigated her well before using her services
Credit Card spending and retirement account raiding, things that are modern sources of uncontrolled spending.
Come On Guys, Stop Gov Deficit Spending and watch GDP IMPLODE and Unemployment SKY ROCKET. This is all ARTIFICIAL. Why was this NOT addressed?
Art Laffer is right! All one needs to do is go to the grocery store every week to know that the economy is NOT what the government and other "experts" are touting. Prices aren't coming down they're just going up at a slower rate!!! Never mind the constant losses I see in my investment accounts every month.
They're talking about the rich doing well off of our backs.
2 Trillion dollars of Deficit Spending covers a lot of problems
you hit it on the head. The economy has been propped up with funny money.The books look real good when you use inflated dollars. With inflation people feel rich until they have to purchase something
Oh,but Biden thinks our country should just foot the bill for education, living expenses. (Food, home, free education, medical,travel) for 10 million + illegal immigrants because…well, they might bring him a vote. Screw that ! My daughter wants children but can’t afford it with the way things are going in our economy..she will be supporting the children of the illegal immigrants the way things are going.. And, by the way ….she is a BSN nurse living in a rental because she can’t afford a house with the inflation and rapid increase in housing costs. Art..you are absolutely correct..The economy is not in good shape!
Housing and commercial construction has slowed down tremendously in the DFW area.
Economy is great for the upper middle class and the rich the rest is going down the tank because the govt. wants more people depending on them.
I totally agree with him; the current economy is unnecessarily tougher for boomers/senior citizens, I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my $485k portfolio. I’m really worried about survival after retirement.
May be unable to offer such personalized guidance. However, I suggest consulting with a reliable advisor to ensure appropriate investment planning.
I agree, I've been a stock market investor for eleven years; over the final four of those years, I reportedly sought financial planner assistance because of the COVID-19 pandemic crash. With only these few years of coaching, I've been lucky enough to increase my return on investment by ten times, totaling around $1 million as of right now.
@josephbush Mind leaving info of your advisor here please?
'Heather Lee Larioni'. One of the finest portfolio managers in the field also widely recognized. Just research the name. You’d find necessary details to work with and set up an appointment.
Thank you for sharing. it was easy to find her, then I scheduled a phone call with her. She seems proficient considering her résumé.
If we apply Occam’s Razor to this question, here’s my take. Remember first that GDP growth is adjusted by inflation. If the official inflation numbers are understated, which they seem to be, there’s the answer. Official inflation at 3%, actual inflation at 6%, and when you adjust GDP for inflation you get 3% GDP growth in a flat economy.
2023 should have been the boom year. Everything should have been in over drive. But what happened was people spent the same amount of money that got them less in products. Personal debt is at a critical point. So people bought less on 2 fronts. The dollar purchasing power and less liquid assets.
Remember in 2007 News Media was spouting how great the economy was RIGHT BEFORE THE HOUSE MARKET CRASH AND ALL THE LAY OFFS OCCURED? What have we been seeing in the news last 6 months...LAY OFFS. UPS just announced 12K lay offs yesterday! 93 companies so far in 2024 has announced lay offs. There were 271 in 2023 laying employees off. My work isn't hiring any new employees right now, and they got rid off all the temps we had for the last 6 months about 3 weeks ago!
Honest comments. Thank you Mr. Kudlow. Keep up the great work!
There is one big difference between the internet boom and the Artificial Intelligence boom will be the awful and immediate impact of worker displacement. Worker retraining won't be nearly fast enough.
THERE ARE TWO SEPARATE ECONOMIES ONE FOR THE WEALTHY TO KEEP GOING UP AND THE OTHER EMPOSED ON THE MAJORITY MIDDLE CLASS AND LOW END BOTOMING OUT.
Infusion of gov’t spending doesn’t mean it’s a good economy.
If this is a so called Strong Economy, I’d hate to see a weak one.
UPS laying off 12,000. This shows people are not spending means no delivery.
7:10 productivity boom.... this is slang for insourcing manufacturing with under the table immigrant labor
IF ANYONE ACTUALLY BELIEVES THE ECONOMY IS STRONGER IN 2023, THEN YOU NEED IMMEDIATE MEDICAL ATTENTION!!
ECONOMIC EXPERTS 😂😂 JUST LIKE BIDEN 😂
The economy is better then ever with record rate unimployment!Maybe a resession is coming but that is just normal,nothing to worry!
I’m sure bus drivers from the border are doing better, but 90% of us are not!
Democrats are desperate and failing! Joe Biden is going to get us all killed!😢
I guess you are an elite or live in a cave. WEF is executing its master plan you're all sheep.
@@brunoheggli2888
I'm losing weight I can't afford to eat
But, but…Biden and the Democrats say everything is great.
I want NOTHING to do with AI.
What worries me , everything is being shored up by the powers that be , giving us a false sense everything is OK . With the Feds not dropping interest rates this week may be the tipping point, the stock market reacted and is going back down .
Now we are starting to see major layoffs ! This next state of the economy report will be a real indicator !
Between financing 2 wars , covering the cost of 10 million border crossers , inflation hurting more than half the country and a record deficit that is still rising , it is worrying !
Economics is “the dismal science “
(Economics is “the dismal science “) Please don't call it a "science" Anymore than tarot card reading.
Productivity means nothing if your combined audience lacks the means to purchase.
$5 for 18 pack of eggs in eastern Washingtin State.
$40 for a pot roast.
2 cheapest meals historically, now a major meal.
@@user-gi8qn9hb5r thats why you fake a user name?
A troll? You are just too dumb to be AI
Again the second half growth rate is more than half government spending, not good...
" The DATA " " The DATA " , Numbers don't Lie , But who is putting in the Numbers ?
I know let’s spend a few trillion more that we don’t have!! 😮
It's like having bitcoins just create some more..
83! Sharp!
Fed tightening matters , Larry. Mortgage rates have doubled in 3 years
The economy is growing ? Not in the places where I do business at. Empty stores and parking lots. I'm thinking these numbers and hoopla being heralded are not reliable.
growing for the rich off your back. With 10 million new workers that will work for peanuts, well good luck to all, seems like the wealthy will do fine.
Anyone notice that the GDP of percent is about what inflation is? In point of fact most of the growth is in government related jobs. That's not a healthy economy
Maybe we would feel improvement if groceries and taxes would be less.
I think you can blame Mr. Trump and the companies who care for themselves more than the people they represent 😢😢
We need a lot higher taxes for corporations and the wealthy!We need luxury taxes and swimmingpool taxes and way higher real estate taxes for Houses worth more then 2 million!
Got strong on the backs of the unemployed. People were hurt to achieve those numbers
Art is the man!!!
Far to many Americans fell into the "keeping up with the Jones's" mentality and are getting hit with the high inflation. Cars loans, home loans and credit card debt has become a huge weight on many of these people. Always assume winter is coming, because it always does.
Jobs up! Wages up! Productivity up! Yeah, economy is trash!😂 Stock market record high!
Sent the immigrants to live in on the White house and Capital grounds. Both parties will solve the problem in 24 hours and save Billions
Excellent video
"I'm 83"
no way is that guy beyond his 60's
Born in 1940!
ART FOR PRESIDENT !!!!!!!
What about cheap illegal labor?
Inflation has come "down" unless you need to eat or need a place in which to live.
With inflation, money is taken from the consumer class, the middle and poor. Business and the rich do very well on the immense wealth transfer that is going on.
I should be working in beautiful Gig Harbor right now !!!
This is especially true today. It seems like the legacy corporate media is in its terminal phase of its lifespan.
Good call Art, when expences double theres much waste happening! Will this continue?
Patterson will pay !!!
Come on Kudlow...What do you buy that only went up 3%? Everything I buy is 30% - 200% more expensive. I'm spending more money to buy less and that's why there's layoffs - fewer products are being bought so they lay people off even though the real dollar amount is higher only because of inflation. The amount of goods that are being purchased is DOWN not up. We spent more but didn't make more and got much less. We're actually down 15% -40% in real terms.
The only new Buisnesses are fast food and Taco stands, lol
Reshoring is a huge boost to the economy to the states that are pro business.
But ya a PENNY Art! Love, Peter
Growth rate?!. I want you to answer me a question. How many dollars in the United States' economy, cook from the welfare rolls? Not only that but, how many US dollars come from all the different loads, loads of subsidies. More, how many government employees are there? Even more, don't forget about all of the state sponsored education facilities. I would bet, that there other things I have not, thought about. Oh! Yeah. How many dollars simply leave the country. Mm.. in any case of it, I really can't believe, anybody is actually calculating jack anything, properly.
Today Feb 1 start of Rent increase of 4% to 7%. Landlord have authority to raise rent. Get ready for continue massive evictions wave
God Bless America 🇺🇸🙏⚓ USA!USA!USA! In Jesus Name Amen 🙏 Great stuff Mr. Kudlow 🙏
there is no way 62% of Americans are invested in the stock market, even passively.
Arthur Laffer😊😊😊
“Exactly the opposite happened” or are they just telling us “exactly the opposite happened” I’m in a moderately affluent area and nothing is better.
Forbes was right about covid was similar to having a prior war type economy...so it is in recovery
It would be nice to know how the US debt figures into all of this growth. Seems like it's a number that nobody ever talks about. Spending will not cease. There has to be a tipping point on the horizon. We have created a whole new class of welfare recipients. How much longer will the American citizens have to fund them?
Investment always bumps up during the start of a recession because of anticipation that the Fed will cut rate. That’s why we had a short term uptick. Give this 2 Qs and you’ll see how bad 2024 is.
Nice
So they added 353 k job in January but the unemployment unchanged 🤬
The growth is a house of credit cards and deficit spending and borrowing.
US inflation rate is still way too high.
Prices up 30% and the economy up 3%! Where's the growth? Thanks !
Yeah but increased productivity means we need fewer workers, and that's not left or right.
2:35 LIES LIES LIES
These guys clearly havent been to a grocery store or bought anything at a store lately.
Shut the borders no more money package deal .
Oh real economists 😮
US GDP grew at a surprise 3.3% rate in the fourth quarter, beating estimates for 2.0%.
Brianyasuda9366,apparently you weren't listening to kudlow,and his guest.It's artificial artificial!
Is the GDP due to government spending? Are these rates adjusted for inflation?
The secret is they didn’t tighten.
70,000 is twice what I made working 128 hours at fulltime jobs a week plus 8 in overtime pay. I had 5 16 hr days and a 56 hr. Guard job whare I could sleep in shifts with the other guards and trade places so they could.
Everyone's broke but stocks go up. Go figure.
2:43 - AI's don't clean toilets.