Page 59 - Garyb News Today

Now, if that happens, then thats good for the middle class. if it doesnt happen, this is only going to benefit wall street who has been driving up the economy. because the reality is there is a shrinking middle class and if it doesnt work, it hurts them. dagen: gary b, doesnt janet yellen have to worry about keeping her job if she wants to stay until january of next year? >> it certainly puts her in a very precarious position. look, the people are human. they want to pleas th please the presiden...

Raise rates, or its going to come crashing down and cause a recession because thats what happened if we didnt have a optimistic mood. some of that is psychological and can be there without the tax for a while. but this timing game is very difficult. and you have other problems like the interest on the debt that becomes much more expensive and then on top of, say, raising the defense budget, its going to be a real budget burst. dagen: but gary b, the federal reserve did hike rates in september an...

Federal reserve is very hesitant. at the beginning of not this year but last year, they were falling for four interest rate hikes. weve gotten two in two years. we got one interest rate hike last year. theyre calling for three right now. its probably going to be a lot less than that. >> yeah. i completely agree with whats been said with gary b that they are politically motivated. look, they had a chance to raise rates 18 months to 24 months ago, and they missed that window of opportunity. they m...

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Way before donald trump was elected. and we have to keep in mind that too much of a good thing can be a bad thing when youve had consumer confidence too high in the past, recessions have followed. we also have to look at the fact when you have lower tax rates, that coincides with actually weaker economic growth. and it also coincides with weaker job growth. so donald trump is certainly going to make some quick decisions to help out the millionaires and billionaires that are his buddies, but i th...

Them go into their existing countries around them instead of bringing them here. >> right. gary b., let me ask you, what would a ban look like? >> well, first of all, lauren, its nice seeing you a few hours later than we normally speak with each other. >> right. i know. >> welcome to the show. you know, its difficult to say because he says, look, i want to, you know, do a little bit more vetting or let in people that i can vet. but i think its really the wrong question, with all due respect. you...

Latest updates on this topic.

Latest updates on this topic.

Latest updates on this topic.

Latest updates on this topic.