Page 18 - Cross Currents News Today

Candidates who they see as easier to beat come the general election. as we laid out. thats a dangerous game by ultimately promoting individuals who could, in a general election, be in charge of not only having votes in the u.s. senate butresults. >> thats also, as you point out in illinois, been the case with the governor. its dangerous, because you never know what is going to happen when the voters vote. theres enough anger and frustration in this country and inflation and other headwinds, ther...

We still have the war in ukraine, that is impacting fuel prices and food prices. and then we have a red hot labor market. people are going back to work, they have money to spend, but companies are also having to pay workers more. so that adds to costs. on concerns by senator warren obviously have some sticking point. but this is an inflation equation that just has so much different variables. interest rates are one part of it. >> as my co-anchor and chief business correspondent christine would s...

Past bad policies, wage and price setting, those aspects of what led to the crisis in the 70s wont happen now. can we be so sure? >> we cant be so sure of anything. there is no playbook. we thought this was transitory inflation, and it isnt. we have never had this many cross currents that play in the economy in certainly in my lifetime, back with inflation now, the wind buttons and the gerald ford days, that in the 70s, you had 12% inflation that went up to 14%. we dont have that yet. we also do...

Credit card debt, the balances will get more expensive. add to your savings, pay down the debt. third, your house, probably your biggest asset, its worth more today, home prices rose almost 15% in april, if you are thinking about moving or downsizing it is a sellers market. and to your portfolio, stay invested, stock markets go up and down, you cannot time the market. dont a wait for a bear market to log into your 401(k), either. its always a good time to make sure your portfolio is balanced cor...

>> mr. president, i wanted to ask you about the economy. during your trip to asia you promoted the investments by samsung and hyundai. but back home in the united states, americans are dealing with record high inflation, the fed raised interest rates to try to address those issues, and they are also enormously high gas prices. given the cross currents of the economy, the war in ukraine, the china lockdowns we have seen, should americans be repaired for a recession? in your view is a recession in...

First time buyers are essentially all but priced out here and mortgage rates fell slightly, but look at that, the 30 year still 5.25%, it has doubled in the past year. there are so many cross-currents all at once in the economy. we keep picking each one of these little threads trying to figure out what is the story. is the u.s. economy still strong, powering through in the post-covid world? or is it weak and we are on edge here and nearinging higher riskf recession. no one knows for sure. >> and...

Year. look, interest rates are rising, inflation is too hot. the era of easy money is over. russia is waging war in europe. i could go on and on. so much cross-currents any one of which would be destabilizing. the "wall street journal" finds that this could be a lost decade for stocks. lets bring in spencer jacob, editor of the herd on the street c column. so why a lost decade for stocks, spencer? >> good morning. so look, it is always painful when you check your retirement account and it is dow...

They were spending like crazy in the month, buying stuff, and what theyre buying is starting to change a little bit, but the airlines say theyre expecting to see what could be record travel maybe this year and next year, but we want to complain about this because what weve been through over the past couple of years. i will say there is so much going on and im not the first person to say its like chaos to try to find the thread through some of these economic figures every week because theres just...

See that. >> any signs of it coming down and if not how long are we going to see them raising rates? >> it means more interest rate hikes are coming. the cost of borrowing will continue to go higher and there is this other fear, thats what we saw in the stock market yesterday, this other fear that the fed maybe hasnt got this quite right yet and doesnt have a handle on the situation and that could tip things into a recession in the u.s. it is not a certainty a recession, but the odds rising and ...

Up rates to fight the inflation and could it tip things into a recession. the american consumer has been mighty, no question, very strong retail sales numbers this week, but we saw from some of those big retailers that theyre saying they can see how people are shifting their spending a little bit because of inflation and inflation actually and the supply chain problems starting to hurt the profits of some of the big retailers. theres just a lot going on, jim. i mean i talk about these cross curr...