Experts react to April’s PPI report
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- เผยแพร่เมื่อ 13 พ.ค. 2024
- Peter Earle, senior economist at the American Institute for Economic Research; Kitty Richards, senior fellow at Groundwork Collaborative; and CNBC's Rick Santelli join 'Squawk Box' to react to April's PPI data.
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She's delusional. And rather ignorant of the topic she's talking about.
Supply problem? Still?
Rates needed to be higher for longer. Period.
Everyone is delusional. There is no escaping this mess
Stop shorting.
Where are the experts? These are clowns on the cartoon network.
LOL
These clowns are clueless. Specially the last lady that wants to raise corporate taxes to lower prices. Joe should have shredded her
There is no expert on this topic. No one really knows.
Who thought it was a good idea to invite her on air
She might be the least intelligent person on the planet.
😂
She has no clue on how inflation works. She needs to read more books and listen to Milton Friedman more.
But she is right and everyone in this comment section don't understand finance. Shelter is by far the biggest contributer to inflation. Higher rates mean households are paying MORE for housing (in interest). You need to lower rates to lower shelter inflation.
Then increase taxes on corporations to reduce profits which are also contributing to the greedflation we are seeing.
But she is right and everyone in this comment section don't understand finance. Shelter is by far the biggest contributer to inflation. Higher rates mean households are paying MORE for housing (in interest). You need to lower rates to lower shelter inflation.
Then increase taxes on corporations to reduce profits which are also contributing to the greedflation we are seeing.
This women is an expert?
She is suggesting to raise taxes and lower the interest rates to bring down inflation? lol
But she is right and everyone in this comment section don't understand finance. Shelter is by far the biggest contributer to inflation. Higher rates mean households are paying MORE for housing (in interest). You need to lower rates to lower shelter inflation.
Then increase taxes on corporations to reduce profits which are also contributing to the greedflation we are seeing.
Sounds good to me
@@user-pz8db3oh9yit sounds good to you? Must be a billionaire 🤦🏻♂️
@@HankSemoreButzNo, a bot.
@@DavidLeBlanc 😂💯
She looked good until she started talking. An expert? Are you kidding me?
Wow her ideas are bad
The anchor made her look even more dumb
But she is right and everyone in this comment section don't understand finance. Shelter is by far the biggest contributer to inflation. Higher rates mean households are paying MORE for housing (in interest). You need to lower rates to lower shelter inflation.
Then increase taxes on corporations to reduce profits which are also contributing to the greedflation we are seeing.
She’s right. You broke kids have no idea what you’re talking about. You just believe whatever Elon musk tells you to believe 😂
That woman needs to go back to Economics class 101...totally lost
But she is right and everyone in this comment section don't understand finance. Shelter is by far the biggest contributer to inflation. Higher rates mean households are paying MORE for housing (in interest). You need to lower rates to lower shelter inflation.
Then increase taxes on corporations to reduce profits which are also contributing to the greedflation we are seeing.
she's a joke
Kitty Richards really comes off poorly here. I'm surprised CNBC could not find someone who could do a better job than Kitty Richards.
There was even more to this segment that they didn't put online.
What you expect she a democrat and Biden supporter.
Kitty the expert said what about corporate tax rates in relation to affordable mortgages and auto loans - what a joke. Where did she get her education 😂😂😂
Karl Marx University, she specializes in the Elizabeth Warren School of Business
what is she talking about! She came strait from WH
All theses called experts screwed up the great trump economy
Our inflation problem is caused by corporate greed. Good luck controlling that 🤷🏼♂️
Maybe it's sustained by it. It was caused by too much stimulus (money supply expansion) which increased demand whilst production/supply was taking a hit during covid
Today I learned that corporations just figured out how to be greedy over the past 24 months.
Getting what the market will bear is the job of business.
Charging too little allows too much demand and will only cause shortages.
@@David-Nord fair. But it’s hard to deny the increased rate of it over the past few years in relation to outrageous share buy backs, “shrinkflation”, increased profits on consumer goods… all while crying about price pressure
Corporate greed? When will you disgusting people ever take responsibility for your actions instead of making an excuse for everything?
Excess profit tax? How do we establish that number? A different solution to inflation is REDUCTION OF GOVERNMENT SPENDING.
actually Becky and Joe need to remember she is a guest. She should have been vetted by assistants to not let her allow herself to be outed as the fool.
Becky brings the receipts!
So it is a supply problem now?
Average people need deflation of price.
Great so lower corp profits will bring down inflation? Wow where she got her degree from?
These CPI numbers are highly suspicious. Prices of everything from needle to plane r skyrocketing. In CA hard to get home insurance n auto insurance r up 50% to 80% without any tickets or claims
Wealth destruction is what those in power are shooting for . It’s just not their wealth that they want destroyed, just yours .
i just don't see this drop.....im a middle class guy. live in IL, that sure doesnt help. if you tax corps more, thye just pass it on. the government needs to stop spending money. this isnt a tax problem
Yes to bring down inflation we need to raise taxes, have more government spending and print more money too, that will do it. I wonder where her talking points are coming from. 🤔
Kitty has not got a clue.
Why is it increase taxes is aways the right way to go? Why not cut gov spending?
What does the Trump tax cuts have to do with inflation and the interest rates? 🤡
Looking at her bio, I see no practical real-world experience. She has only worked for the government and think-tanks. Kitty, get a real job and come back and talk to us. Better yet, become a hedge-fund manager and see how hard it is to sell fixed-rate instruments with yields 5 points below inflation.
Anyone thought about raising production to lower inflation???
Why they lying! Insurance rates up 21% YOY!
Blame everything on Trump. Nice.
they did say "wait and see"...
Dear lord, it had to be the Academic economist that goes on a ridiculous rant about taxation as an improved means for taming inflation...
Revux impact is a testament to its unique approach.
How can you lower demand of houses? People need houses, period. At some point you are just creating more homeless people.
It’s not a supply side problem. We have the same number of houses and families as 2019. The houses are there. People just can’t afford them. Others are hoarding them because government keeps goosing the market. Democrats think we are idiots.
PPI came in twice as hot as economists 'predicted' lol
Im so confused i get it , its basic economics reduce demand prices will drop. But alot of prices have even outpaced inflation she mentioned cars. Look at how high car MSRPs have jumped on many cars in the past 4 years. Alot of this is corporate greed, they saw peoole paying high markups and now theyve incorporated price increases because people will pay it. Its 2 main things going on corporate greed and desperate consumers that are bad at finances and whether it hurts them or not will continue to buy what they can't afford neither of those will go away and that's why prices will not go down. The rate at which they continue to rise will slow but high prices are here to stay.
The higher wages people are expecting is what is driving costs. People also want to stay home and still get money. They are also borrowing more on credit.
Increasing corporate taxes?! Does she not understand that those increases will just be passed down to consumers through higher prices on goods. This lady belongs on the WH team. 🙄
Lol. "Corporations wouldn't have raised prices if they paid 21% taxes instead of 35%."
High interest rates are now part of the inflation problem IMO
Corportions should not pay any tax
What an interesting predicament with quite a few implications.... great guests!
She works at Groundwork Collaborative, which is "an American 501 non-profit think tank and progressive advocacy group... works to 'change economic policy and narratives to build public power, curb private power, and create an economy that works for all of us.'" - AKA socialism. All you need to know.
I will agree though that removing the tax cuts will also curb demand, like how high interest rates also curb demand. However, I'm confused how removal of tax cuts will reduce the incentive for corporate profiteering? And I also will concede that part of inflation is a result of de-globalization that has impacts on certain parts of supply. Interest rates will not solve inflation, but NOT doing anything either would make it worse. Is she asking for rates to drop simply because it isn't the right tool to tackle inflation? Shelter will then increase in price even more which contradicts her goal of helping affordability. Inflation will be higher which also hurts the low income more than others.
The thought of people like her having any impact on economical decisions in this country scares me
Kitty must not eat
You need to rates interest rates because inflation is high in grocery!!!! People can’t buy cars or homes if they can’t eat????
Revux enthusiasts, united in the pursuit of success!
We have a government spending problem!
How will higher interest rates reduce costs when it makes the cost of capital more expensive? Just say we need unemployment cause it seems your consensus is demand is driving up prices not greed or supply issues.
A supply problem once fixed prices will return what they were before the supply cain disruption.
Someone correct or verify my logic
Raising corp tax, more money going into government , more money into government = less treasury debt operations which will lower money supply and lower inflation
Thanks Becky for calling out the female guest. She is clueless
CNBC needs Tom Lee everyday
Wow, what an expert, lol. Becky is way more discerned than this expert
Kitty doesn’t think logically…Kitty is living in a dream world. Hopefully her education didn’t cost much😊
Corporate profits percent of the gdp are no higher then the norm.
Sooooo you want to raise corporate taxes to bring down the prices? I hope you never go anywhere near an organization and have to make decisions.
Obviously we are swimming in liquidity. Game Stop and other speculative meme stocks are jumping. That happens when there is plenty of liquidity. Bitcoin is still over 60,000.
Her line of reasoning is dumb. Inflation IS a problem and I’m kinda sick of groceries getting more expensive every trip to the store.
Inflation is gone if and only if housing is affordable 🤷♂️
Did I hear her right, higher taxes brings inflation down?
I'm a small business owner and all my expenses have gone up. Shelter expense is high because everything you put in property is more expensive appliances flooring paint even gravel in driveway and concrete. I think the gal in red blazer is clueless.
Kitty middle name is Karine
Part of the reason housing rates are so high is because taxes are too low on rich people who are buying all the housing to turn them into rentals. We need to decentivize home ownership by non-occupants. If you are trying to buy a home, you are competing against corporations and wealthy individuals who are paying low taxes who want to keep you from buying that home, because they want you to rent it from them.
Correct and then they take TAX FREE loans against their real estate portfolios and do refi’s against those same portfolios at the higher appraisal rates. They even admit off the record they are taking advantage of the loop hole and should pay more taxes.
As for Greedflation, yes it is real lol… Look at how hight McDonalds raised prices lol.. Now they have to come out with a $5 menu. Locally “Jacks” which across the street from my local only raised a little bit to cover costs while McDonalds took the 1/4 pounder meal from $5 to $9 Jacks took their similar from $5 to like $6.50. So did only McDonald’s price increase and Jack’s did not? No, McDonalds tried to profit off increased costs vs Jack’s trying to cover costs but not necessarily profit off the costs, at least not to the same degree.
Banks SHOULD lend to the home builders at a LOWER rate so supply can increase and we need lower mortgage rates to get current home owners to start selling. Finally need to limit how many homes you can own as a rental. This also has an impact on supply.
Kitti must not eat?
HIGH INTERESTR RATES WAS NOT A PROPER SOLUTION...........REASONS OF INFLATIONWAS DIAGNOSED WRONG......MORE HARM RATHER SOLVING ISSUES
Hello...Kitty.
Only rich people don’t see the struggle of the middle class.. always trying to argue everything is normal when cost they can afford it and there value has gone up that there afraid to loose it
Wow I just got more ignorant watching this 😂 - inflation is fixed just need more taxes to help people out
Becky got her in check 😂
Tomorrow will be surprise by colling CPI numbers . This is called stock Market
What the... 💀
Does she support Biden economic policy or election?
Taxes could be. But the devil is in the details. Even then, only a small part of the solution.
Kitty Richards is lost in space between her ears.
If high rates stopped inflation, Turkey would have low inflation. It's intrest rate is 45% lol
If neoliberal was in human form.....
That lady was burned 😂
Come on CNBC... this kind of crap makes me not trust you guys as a news source!
Revux potential is like a hidden treasure in crypto.
those numbers are not hotter,........... those numbers are higher.....bad signal..........
This lady raises a good point. The "tool" isn't working. I didn't expect it to work because they can't raise interest rates high enough because debt is too high.
No she’s wrong high housing costs started all the inflation and she knows it do you think we’re stupid
Put on headphones at 4:20 and you can hear someone say fiscal. She switches to fiscal at that exact moment. She is just saying what someone behind the camera is asking her to say (not even hidden now).
Yep--another Democrat economist trotting out their plan for inflation fighting---raising taxes!!! Perfect! Thank you for bringing Kitty on the show today. My angry-ometer was not yet full. I am good to go now!
Who is this Kitty person !! Omg she is clueless !!!
The lady in red knows nothing.
She must have majored in Bidenomics.
Spin Dr's in $3k suits.
Ah, the expert who think cutting rate and raising tax will help American peasants to buy car and house when they're struggling to put food on the table. Maybe the expert should go to Venezuela to see how money printing does to the inflation
Commodity prices high because of sanctions against Russian mining. I am not saying that Russia is good.
Kitty Richards is SPOT ON. Corps enjoy socialism while consumers suffer un regulated "capitalism".
well at least one person agrees with her....
LOL ... yep @@user-sh5yr6qp1b
I am dummer for watching this.
😂 Welcome to 1980. Rates were 18-21% now buy your game Stop
Rich get richer and the poor get poorer ...
This isn't inflation, its greed.
She is talking gibberish
She is thinking people are stupid
many are
She is such a fool
this is a bad report. no rate cuts this year imo. they need to hike
She sounds clueless
Revux believers, defining the future of crypto together.
Chick is clueless! lol
experts? Stocks went up today. They are so far removed from reality. There should be a "track record" requirement before speaking. How have you performed vs. the S&P 500 over the past 1, 5 and 10 years?