MIKA, WHETHER IT IS THIS OR OTHERWISE CONTINUES TO BE TO BE SEEN. >> > > INTERESTING. HE IS VERY GIFTED. >>> > > > JOINING United States NOW, A PERSON WHO IS ALSO VERY TALENTED, PREVIOUS TREASURY OFFICIAL AND “” EARLY MORNING JOE”” FINANCIAL EXPERT, STEVE RATTNER, WHO IN SOME WAY BRANDED HIS CHARTS. HE IS KNOWN THROUGHOUT AMERICA. I WENT TO A SUPPER CELEBRATION. I NEVER DO THAT, STEVE. YOUR CHARTS CAME UP. EVERY PERSON AT THE TABLE STATED, MY GOD, STEVE RATTNER IS THE CELEBRITY WITH THE CHARTS. YOU'' VE GOT CHARTS ON THE STATE OF THE ECONOMIC CLIMATE. IS IT GOOD INFORMATION OR TROUBLE? >> > > WELL, MIKA, I ' M HAPPY TO REPORT GOOD NEWS TODAY. I OFTEN INCLUDE NOT SUCH FANTASTIC NEWS. THE ECONOMY REALLY REMAINS IN SPITE AN AMAZING SUGARY FOOD PLACE AT THE MOMENT. WONDERFUL TIMING FOR JOE BIDEN AS WELL AS HIS STATE OF THE UNION. WE DEVELOPED 517,000 NEW JOBS LAST MONTH, YOU'' LL RECALL. THAT BRINGS THE OVERALL OF THE BIDEN ADMINISTRATION TO 12.1 MILLION JOBS. THAT IS GREATER THAN– IN 2 YEARS, THAT IS GREATER THAN ANY HEAD OF STATE CREATED IN FOUR YEARS. WHAT YOU CAN SEE ON THIS GRAPH, THIS IS ALSO AMAZING, IS HOW FAST WE'' VE RECOVERED THE WORK THAT WE LOST DURING THE COVID SHUTDOWN.THIS CHART IS THE COVID HEALING AGAINST VARIOUS VARIOUS OTHER RECOVERIES WE'' VE HAD. THE TERRIFIC FINANCIAL DILEMMA, THE DOT COM AND SO FORTH. WE'' VE RECOVERED FASTER FROM THIS TURNDOWN THAN WE DID FROM THE FANTASTIC FINANCIAL SITUATION OR THE DOT COM OR PERHAPS THE PRIOR TO BEFORE THAT. IT IS AN EXTRAORDINARY DOCUMENT ON JOBS. >> > > AS WELL AS– SO THE DOCUMENT ON JOBS IS LOOKING REALLY GOOD, ESPECIALLY THE JOBLESSNESS NUMBER, STEVE. REGARDLESS OF INFLATION, THOUGH, IN WHICH ARE WE HEADED IN TERMS OF RISING COST OF LIVING? I FEEL THERE ARE WEAK AREAS IN THE ECONOMY.THAT ' S OBVIOUSLY THE COST FOR PEOPLE BUT ALSO REAL ESTATE. INDIVIDUALS SEARCHING FOR AN APARTMENT OR TRYING TO GET THE FIRST HOME, IT STILL SEEMS LIKE AN IMPOSSIBLE UPHILL BATTLE. > > ON THE FIRST POINT, RISING COST OF LIVING IS> CERTAINLY A PROBLEM. IT IMPACTS EVERYDAY AMERICANS AND ALSO FOOD COSTS, WHICH AMERICANS NEED TO BEAR. IF YOU LOOK, ONCE AGAIN, AT THE COVID DURATION, THE 3 YEARS OF COVID WE ' VE LIVED VIA AND ALSO HEALING, SURPRISING HOW WELL THE STANDARD AMERICAN HAS DONE. UP 2.6% IN REAL INCOMES. THAT ' S AFTER ADJUSTING FOR INFLATION. STILL A LITTLE AHEAD. WHAT THIS PARTICULAR GRAPH DOES IS BREAKS INDIVIDUALS DOWN INTO 4 BUCKETS BY EARNINGS, TOP TO BOTTOM.COMPLETELY THE REVERSE
OF WHAT WE ' VE SEEN DURING MUCH OF THE DECADE BEFORE. YOU CAN SEE THAT ON THE RIGHT SIDE, ALL-TIME LOW QUARTER OF AMERICANS HAVE ACTUALLY DONE THE BEST. THEIR INCOMES AFTER INFLATION ARE UP REGARDING 12.5 %. THOSE ON THE VARIOUS OTHER END, THE RICH PEOPLE, UP REGARDING 2.6%, STANDARD. THE PEOPLE IN THE UPPER-MIDDLE CLASS, THE 2ND BAR FROM THE LEFT, ARE THE ONES THAT FLAGGED. THE REAL NEWS ABOUT THIS IS JUST HOW MUCH OF THE GAINS AND ALSO INCOME OVER THE LAST THREE YEARS HAVE GONE TO INDIVIDUALS NEAR THE BOTTOM AND REALLY ELEVATED THEIR REAL WAGES BY A REALLY MATERIAL QUANTITY. > > STEVE, WHAT DO YOU SAY TO INDIVIDUALS THAT, AS YOU SIMPLY POINTED >> OUT, THE REAL INCOME HAVE INCREASED, ESPECIALLY INDIVIDUALS AT THE BOTTOM, AS YOU SIMPLY PHRASED IT. YOU UNDERSTAND, THEY COME OUT OF THE GROCERY STORE STORE AND SAY, “I ' M NOT FEELING THIS PROGRESS.” PASSION RATES “ARE UP. RISING COST OF LIVING PROCEEDS TO, YOU KNOW, BUMP ALONG AND EVERY LITTLE THING LIKE THAT. WHAT DO YOU STATE TO THESE PEOPLE TO MAKE THEM BELIEVE, HI THERE, YOU ' RE DOING REALLY WELL, BETTER THAN YOU'THINK? > > WELL, YOU RECOGNIZE, REALLY> WELL, I ' M UNSURE I'PROMISED THEM REALLY WELL WITH 2.6% USUALLY. BUT BETTER THAN THEY THINK. YES, THE TROUBLE IS THAT A GREAT DEAL OF THE PRICE TAG THEY SEE, EGGS NOTORIOUSLY CURRENTLY AS A RESULT OF THE BIRD FLU, THOUGH THEY'' RE COMING DOWN, WE HAD AN EPISODE OF GAS RATES, OBVIOUSLY, GOING UP TREMENDOUSLY, THOSE KIND OF THINGS ARE DIFFICULT TO EXPLAIN.YOU CONTAINER SEE ON
THIS GRAPH BELOW, RISING COST OF LIVING REALLY DID RUN AT A REALLY HIGH DEGREE APPEARING OF COVID, AFTER THE CLOSURE. PRICE OF PRODUCT WERE HIGHER. LABOR LACKS MADE INCOMES INCREASE, WHICH IS GOOD, BUT ALSO RATES WENT UP. YOU TIN SEE ON THE CHART HOW FAST RISING COST OF LIVING HAS COME DOWN. BALANCED 1.9% THE LAST 3 MONTHS. RATES REALLY DROPPED IN DECEMBER. I WOULDN'' T PLEDGE THAT OR ADVERTISE THAT AS WHERE WE'' RE HEADED, HOWEVER, FOR THE MOMENT, RISING COST OF LIVING IS MOVING IN THE RIGHT DIRECTION. WHAT YOU NEED TO VIEW, AND JAY POWELL, THE CHAIRMAN OF THE FED, DISCUSSED THAT TODAY, IS YOU HAVE TO ENJOY WAGES, WHICH IS THE RIGHT SIDE OF THIS. WE ALL WANT SALARIES TO GO UP. IF EARNINGS GO UP TOO FAST, IT MAKES INFLATION RISE. INCOMES REQUIRED TO CONTINUE– WAGE INCREASES DEMAND TO MODERATE, UNFORTUNATELY, TO GET RISING COST OF LIVING DOWN AS WELL AS MAKE REAL INCOME INCREASE. IT'' S BEEN HAPPENING.THEY ' RE STILL IN
THE 4'% TO 5% ARRAY. THEY DEMAND TO COME DOWN CLOSER TO 3% FOR RISING COST OF LIVING TO COME DOWN CLOSER TO 2%, WHICH IS THE FED'' S TARGET. > > STEVE, WE HEARD A LOT OF ECONOMISTS SPEAK ABOUT THE RECESSION, AND WE KEPT WAITING FOR ALL-TIME LOW TO FALL OUT WITH THE ECONOMIC CRISIS. CURRENTLY, WE'' REBETTER FINANCIAL FOREC THAT WE MAY AVOID An ECONOMIC DOWNTURN. WHAT DOES THAT MEAN TO THE ORDINARY PERSON THAT COMES TO BE CONCERNED ABOUT THE COST OF EGGS AS WELL AS THE PRICE OF GAS, THE REALITY THERE MAY NOT BE THE ECONOMIC DOWNTURN WE WERE AFRAID OF? WHAT DOES THAT MEAN TO ME IN THE HOUSE? >> > > TO THE TYPICAL PERSON, NOT HAVING An ECONOMIC DOWNTURN IS EXCELLENT NEWS.BECAUSE RECESSIONS SUGGEST LAYOFFS, THEY MEAN TASK CUTS, THEY MEAN EARNINGS IS GOING DOWN. IT ' S POOR FOR THE ECONOMIC SITUATION OVERALL. WE ' VE HAD TWO QUARTERS'THE LAST 6 MONTHS OF IN 2014, WE HAD VERY SUBSTANTIAL DEVELOPMENT. THERE IS A CHANCE WE MIGHT AVOID ECONOMIC CRISIS. IT IS NOT A FORE GONE CONCLUSION. I ASSUME THE CHANCES HAVE GONE DOWN, BUT THE FED STILL HAS FUNCTION TO PERFORM. AS IT RAISES INTEREST PRICES, IT INCREASES HOUSE COSTS, AS MIKE WAS MENTIONING THIS, WHICH INFLUENCES THE AVERAGE AMERICAN. ECONOMIC CRISES MISBEHAVE FOR THE AVERAGE AMERICAN. IT JUST MAKES THEM LESS WELL-OFF. IT MAKES THE ECONOMY LESS WELL-OFF. THE OTHER HAND IS IF WE AVOID An ECONOMIC DOWNTURN, THE WORK MACHINE PROCEEDS, HOPEFULLY WAGE BOOSTS PROCEED, AND IT ' S NOT EXCELLENT BUT LIFE IS'DECENT FOR THE AVERAGE AMERICAN. > > WILLIE, GIVEN YOUR DEGREE OF AFFLUENCE, WHICH IS CONSIDERABLE– [LAUGHTER] > > MIKE, BE CAREFUL, MY CLOSE FRIEND. > >– WHAT ARE YOUR THOUGHTS ON >> THE ECONOMIC CLIMATE AS WELL AS THE GRAPHES? > > LIKE MIKA ' S DINNER GUESTS,
Free Discount Prescription Drug Cards Coupons
