The global economy is on a knife’s edge. Talk of recession is everywhere. But will raising interest rates – the traditional medicine for fighting inflation – instead harm the global economy we all share? This special report from ABC business editor Ian Verrender.
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capitalism loves crisis that s how it feeds
No, the interest rates alone would cause a market slowdown, but not a recession. The implosion of the Chinese economy and the subsequent evaporation of all the raw materials they were hoovering up worldwide…now THAT will cause a recession.
Not one mention of windfall corporate profits as a factor. Seems incomplete to me
Certain counties and their policy of destruction to all western cultures economies . The super rich of the planet are hell bent on destroying the western economies to make a windfall grab of foreign assets ! It’s obvious .
Globalisation of markets , banks and companies in utilities are strangle holding all profits and increasing cost of living !
Was she eating fried eggs on toast for dinner? Shhhts just got real
On a serious note should we start letting Iranian oil in might help a bit with petrol prices
Be a giver to non beggars to help themselves. Do not be greedy or dishonest
Move to a safe and less expensive country. Rent a studio, thát includes all utilities ,, furnished, and weekly maid. USA is deadly and expensive.
I left the USA, and no problems for me here in Querétaro,Mexico at 79.
HOUSING PRICES WILL CRASH…
It needs to go up or the doller will be worthless the over expensive housing markets which is the 2nd highest in the world or a Venezuelan doller lol… thanks to the greedy curropt politicians
Thanks I got my cost of living one off payment but may help but still going to bite
The fellows last comment and body language says it all.
that girl winging about not being able to go out for nice dinners anymore ..seriously .. I own nothing .. no home , no mortgage , I live in one of the richest countries in the world .Norway .. things are sooooo expensive here that going out for nice dinners have not even entered my mind for years vBcause I simply have not been able to afford it … that girl needs wake up call .. how delusional is she ? honestly
I left the USA, and no problems for me here in Querétaro,Mexico at 79.
Printing money & keeping interest rates low for 12 years. Inflation came out of blue! These people are just liars. Greatest economy ever & its crashing with 2% interest rate!
dude, the system is rigged. dont u realize?
"ive looked at millions of surveys"
no you havent .
Great news feeds always
If you follow the us you will be drawn
Saving rate preferably should be higher at 3% ,and loan rate should be 6% .Banks should not make too much benefit at the expense of saver. Higher saving interest at 3% pa should help to reduce some inflation.
Wake up people. Everything that is happening is all orchistrated. Politicians past and present are all implementing the Great Resey.
Collapse is generous
1st time in our history with a full generation that wasn't taught financial literacy, civics, Google fixes their problems if their parents don't do it for them.
Reckoning for participation trophies is incoming
The reseve bank have declared war and are recklessly inflating their lending rates. It took 4 years to go from 1.85 to 0.1 % and less than 3 months to go from 0.1 to 1.85% . RECKLESS and deliberate attack on society
What we are seeing global inflation. I saw it in the news that most countries(Australia) included are all competing for parts, products, food etc. Even nations that managed their rates better are seeing major issues. The glut of money was an issue sure, but the surging demand from nation that re-opened from covid lockdowns played a larger role..
6:01 this guy has lost it XD
Fear mongering at its best. Can't wait for the correction and the opportunities it will offer.
Go buy a house they told you, you sheeps followed. lol
There was a Recession under Scotty in the first half of 2020, they just printed more money and the stock-market went up. QE led to inflation, and inflation leads to layoffs and rising unemployment, leading to social decay, leading to better art, so I'm told. Can Quantitative Tightening land this puppy? Only time will tell…
De dollarization is accelerating all over the world. A stronger dollar will make US even more uncompetitive. A weaker dollar means higher inflation. There are no good policy options for US due to the decades of money printing and weaponizing the U$
More like don't underestimate the central banks and economists incompetence in anything related the money and the economy…
They are begging us to believe we're not in a recession and yet the costs of all the staple products that make up a large chunk of my monthly budget are in some cases double and triple what they were last year. "We're not in a recession and if we are it's Putin's fault!" How stupid they think we are…
Let’s talk about how much money went to the Corporations all of them Airlines Banking and the ones we didn’t hear about or made public. Not the measly 300 percent received that was liver a longtime ago🧐
300k loan with a variable interest rate even after a 13% deposit and only 6k emergency fund. I was hoping that she was going to say at least 100k emergency fund. Please tell me what she was thinking about when she took out that loan?🤔
Our current poor economy is not accidental. Many of you may say, “well it’s because Biden is questionably possibly losing cognitive thought, as seen and heard many times over”. Some of you might be saying, “it’s Trumps fault because he was too greedy and now we’re paying the price”. Folks, do you remember back to prior the presidential election when Trump and Biden were campaigning across the country. Biden told certain communities something interesting. He said, to places like PA and WV where coal mining is profligate; he said, “I will eliminate you jobs, because coal is a thing of the past. Those of you young enough can go into fields like I.T. Send yourselves back to school and we will pay for it; in order for you to leave the coal mining industry and support I.T.” Biden’s first day after inauguration was spent signing 75 executive orders. 75! Some of which shut down specific coal mines. Others were to undo Trumps policies such as open the southern borders for illegal passage into the United States. Another very interesting one was to stop the Keystone pipeline. Folks when this was done, it immediately killed 75,000 pipe fitter jobs; union jobs. Probably because the other unions such as UAW and NEA out lobbied with dollars, the pipe fitters union. Here’s the additional rub; there were a lot of communities with small businesses who were affected by the elimination of that transient pipeline workforce. You see, folks, those union workers bought 5th wheels and other RVs in which to live. Others rented local housing, or perhaps purchased local housing. They all did one thing in common. They supported local businesses, be it grocery stores, gas stations, clothiers, boutiques, dentistries, barber shops, hardware stores and restaurants, and hotels, and entertainment facilities. The true numbers beyond the 75,000 directly effected were in excess of 250,000! These are real numbers documented. Were you paying attention when the Biden regime partnered with AOC and the Gang of Five to impart the largest single tax hike to support the over 13Trillion dollar spend to support The Green New Deal? This plane is to eliminate all coal fire factories, and nuclear power facilities to cease existence. Also it mandated automotive CAFE standards to stop producing the combustion engine by year 2030. For those of you in Rio Linda, that means no more gasoline or diesel fuelled automobiles by the year 2030. Still in doubt? Pay attention to the car commercials you see, and look at how many are now advertising their great strides to producing electric vehicles under the guise of being environmentally responsible. Pete Butagedge, from IN, was appointed the secretary of travel, which includes shipping of goods across our vast land and seas. He was appointed that position because “he liked to play with model trains since boyhood, and openly flaunted his gay marriage.” Folks, these were the words of your El Presidente Biden. We’re you paying attention then too??? Pete is responsible for the 16 ports of CA to have been shut down when only 3 have been open to receive cargo ships of supplies. These supply ships carry anything from building supplies to medicine to groceries. Who has ever heard of “Chinese inspection”? Chinese inspection refers to perishable goods being shipped in via cargo ships in containers. The contents have expiration dates. The cargo is delayed inspection until after the expiration date. Then they are inspected, and deemed as not acceptable, and thrown away. Folks, this all of what has been happening, and it is all by design. This presidency is Obama 2.0, as it is not a stretch to see Obama and Pelosy have been in the wings pulling the strings. “Don’t doubt me”. Rush Limbaugh. My fellow citizens, these words have all be transcripts of Rush Limbaugh, and now the truth of them is so much clearer to see because it is now out in the open. They are no longer hiding behind disguises or twisting words. They are full out proudly destroying our America as it once was. We are in a post-constitutional United States, the like of which many of us never fathomed would ever be. Rise up together to stop it.
I am glad I payed off my mortgage loan in 2019 and credit cards debt in 2018 and no loans of any kind no car payments and no money worry of any kind